Study: Chicago commuters could save big bucks riding public transit

April 9, 2012 10:09:52 AM PDT
A new study examined how one person in a two-person household could save money by taking public transit and living with one less car.

Chicago ranked fifth out of 20 cities where getting rid of a car could yield the most savings.

The study concludes that a Chicago commuter who took public transportation instead of driving saved $1,000 last month and could save up to $12,000 a year if they kept up that habit.

The American Public Transportation Association calculated the savings by comparing the cost of public transportation with the cost of owning, driving and parking a vehicle.

The report also took into consideration the increase in gas prices.