I'm thinking of doing a project for my econ class about the comparitive costs of owning a car and using it to drive to work every day vs. using public transit as much as possible and some fill ins. I'd like to put a monetary cost on both, in terms of one month of usage. Here I have divided up the costs by name, and it could be done to a specific metro area:
Costs of Automobile/month:
Cost of Gas (distance traveled on average divided by city gas mileage of car times cost of gallong of gas for the month)
1/6 of 6 month tune up (takes into account the fact that all cars need repair at some point, even if you don't do it every six months)
Environmental Costs (how to quantify?)
Social Costs (isolation and what not, how to quantify?)
Cost of Public Transit and walking/month
monthly pass or months worth of riding
car borrow program membership for odd long trips.
being on someone elses schedule
**Benefit:More walking=healtier you, so less some healthcare costs?
Anyone have any other costs that can be quantified or ways to quantify the ones i have listed?