According to a new study by NerdWallet, commuters in eight metropolitan areas (Chicago, Detroit, Los Angeles, Miami and Fort Lauderdale, New York City/Newark, San Diego, San Francisco/Oakland, and Washington, DC) could save anywhere from $6 to $135 weekly by using Uber or a comparable car sharing service instead of driving a personal vehicle.
Insurance and parking are the key factors in driving up the cost of commuting driving 10.4 miles-one way to work, the study revealed. The biggest savings were in New York, San Francisco and Chicago.
“NerdWallet examined data from a variety of sources to compare the cost of commuting each week via ridesharing service Uber vs. a personal vehicle in the 20 largest U.S. metropolitan areas by population, to see if owning a vehicle for work is cost-effective. Although this analysis examined only two commute options, in some metro areas commuters could slash their costs by riding a bus or train, so it can pay to look at the full range of choices,” a summary of the study noted.
Read the article at The Detroit Bureau.
