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Riding public transportation saves individuals, on average, $9,381 annually and $782 per month compared with driving, according to the most recent Transit Savings Report released monthly by APTA.

The figures are based on the Aug. 10, 2010, average national gas price of $2.78 per gallon, as reported by AAA, and the national unreserved monthly parking rate. The national average for a monthly unreserved parking space in a downtown business district is $154.23, according to the 2009 Colliers International Parking Rate Study, and over the course of a year, parking costs for a vehicle can amount to an average of $1,850.

The report also ranks the top 20 cities with the highest transit ridership in order of their transit savings, based on the purchase of a monthly public transit pass and factoring in local gas prices for Aug. 10, 2010, and monthly unreserved parking rate. New York leads with $13,904 in annual savings and $1,159 in monthly savings, followed by Boston, San Francisco, Chicago, and Seattle.

APTA explained that the report shows how an individual in a two-person household can save money by taking public transportation and living with one less car. It demonstrates that riding public transit as an alternative to driving also allows individuals to reduce their carbon footprint.

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