Transportation Alternatives & Estimated Cost

 

TAXI FARE

$50.00 (assuming round-trip  transportation to a medical appointment- 7.5 miles each way, with 6 minutes of waiting time each way, 15% tip)

Average fare based on the following regulated rates for the Richmond area:

$2.50 first 1/5 mile + $2.50 per mile + $0.50 per each 80 seconds of waiting time (ex. traffic lights, stop signs) + tip.  Actual rates may vary above or below this example.  Reliability and professionalism is not always assured.  Service is curb-to-curb with limited assistance.

 

CAR OWNERSHIP

2013 AAA Annual Cost of Ownership Results:

$9,122 ($760.16 per month)*

That's how much a person can expect to pay driving a medium sedan 15,000 miles a year.  If you drive less than 15,000 miles a year, your cost is even higher!     I     

*For more information on the 2013 AAA study, click on the link below: 

http://newsroom.aaa.com/2013/04/cost-of-owning-and-operating-vehicle-in-u-s-increases-nearly-two-percent-according-to-aaas-2013-your-driving-costs-study/

If you can afford to drive, you can afford to ride. 

CAREGIVER ABSENCE FROM WORK

$124.17 ($115.40 lost wages + $8.77 mileage)

Assumptions:

Annual Salary= $60,000 ($28.85/hr)

Time away from work for appointment= 4 hours lost wages or reduced productivity (plus the cost of disruptions and other schedule adjustments required to be away from the office)

Transportation cost at the AAA 2013 Average= $0.585/mile x 15 miles

 

 

 

 

 

 

 

 

 

 

 

 

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