Most economical U.S. states to own a car 2021

Published by
Mathilde Carlier
,
Jun 8, 2023
In New Hampshire, owning a car costs around 9,800 U.S. dollars during the first year of vehicle ownership. The cost of ownership was calculated using several factors, such as fuel costs, insurance, registration and title fees, and expenditures for replacement parts and car payments.

Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars)

CharacteristicCost in U.S. dollars
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Showing entries 1 to 5 (5 entries in total)
Statistic: Most economical U.S. states to own a car during the first year of ownership as of 2021 (in U.S. dollars)

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Release date

February 2022

Region

United States

Survey time period

2021

Supplementary notes

Data represents the cost for the first year of car ownership.

Data includes the following, according to the source:
Up-front costs: a 10 percent down payment on the average used car in 2021 and registration fees
Loan payment (a 72-month loan with a five percent interest rate)
Insurance costs
Average gas spending
Maintenance and repair costs

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Statistics on " Vehicles in use in the United States "

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