How Much Can I Save Bicycling to Work?

[Bob Sutterfield]

Visit http://kiplinger.com/tools/bike if this doesn't come through:

How Much Can I Save Bicycling to Work?

When you bike to work, it might feel like your commute is uphill both ways -- until you realize the added weight you're carrying is actually extra money in your pocket.

How much money? Enter the length of your daily commute, plus any costs for parking or tolls, in the fields below. Click the Submit button to quickly calculate the savings you'll achieve by switching from four wheels to two.

Enter the length of your daily commute (round-trip):

   miles

Enter your parking costs:
monthlydaily

$

Enter your daily toll expense (round-trip):

$

Read the Related Article: Benefits of Biking to Work Keep Adding Up

Our Methodology:
The per-mile cost of driving to work is 55 cents, including gasoline, insurance, maintenance and depreciation, according to the IRS' 2009 standard mileage rates. Actual rates may vary by vehicle.

The per-mile cost of biking is 9.6 cents and includes maintenance and depreciation, based on interviews with U.S. cycling organizations and previously published research, most notably from Road Kill: How Solo Driving Runs Down the Economy.

Monthly parking fees are broken down to a per-day average on the basis of 19.3 workdays per month, a figure derived from Bureau of Labor Statistics guidelines.