22 Cities With The Highest Transportation Spending

Shutterstock – Just Life

Note from the Editors: This story first appeared on CoPilot.

COVID-19 is still having a significant impact on the global economy a year and a half after the pandemic began.

Although the abrupt shutdown of many aspects of daily life that occurred last spring has subsided, the economic recovery has been uneven, with supply and demand affecting supply and demand in different ways across sectors.This shaky path to economic recovery has stoked inflation fears, as prices in many sectors are fluctuating dramatically, making household spending difficult.

Consumer spending on transportation is one area where these economic effects are clearly visible.

The extent of the pandemic’s effects on household transportation spending is revealed by data from the Consumer Price Index, a common measure of inflation.Gas prices plummeted in the aftermath of the COVID-19 shutdowns last spring, but began to recover as motorists returned to the roads later in the summer of 2021.Meanwhile, one of the most notable economic stories to emerge from the pandemic has been the market for new and used cars.

Many car manufacturers have been unable to obtain the parts needed to produce typical numbers of new vehicles due to global supply chain breakdowns that began in early 2021.Due to a scarcity of new cars, the value of used cars has skyrocketed, with a 45% increase in prices from June 2021 to June 2021.

These rising costs are likely to put additional strain on household spending in the United States.

CoPilot researchers analyzed data from the United States to identify the metropolitan areas where people spend the most money on transportation.SOn the nation’s largest metros, according to the Bureau of Labor Statistics

Here’s how the country’s biggest cities fare when it comes to transportation spending.

New York, New York

New York City coastline

Shutterstock IM_photo

Transportation spending accounts for 12% of total spending.5%

9255 dollars were spent on transportation.

2219 Vehicle Purchases

San Francisco, California

7%

Lake Calhoun, Minneapolis

2%

Honolulu, Hawaii

2%

Chicago, Illinois

0%

Boston skyline summer day.

1%

Seattle, Washington

2%

C

U.S. Capitol

3%

The skyline of San Diego, where median rent is well below median mortgage payments

1%

Philadelphia cityscape

4%

Atlanta, Georgia, Piedmont Park skyline autumn

4%

6%

Los Angeles

7%

Denver, Colorado

2%

Houston, Texas

4%

Baltimore

1%

St

St. Louis, Missouri

2%

Detroit

3%

Anchorage, Alaska

3%

Tampa, Florida

1%

Phoenix, Arizona

8%

Miami, Florida

0%

A man studies financial data at his computer

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