This is the question posed on CityNerd video titled “Walkable Cities But They Keep Getting More Affordable”
If you ditched your car, could you afford to leave the suburbs for a great urban neighborhood?
Ray Delahanty answers the question in the 26 biggest US cities.
The analysis assumes the all-in cost of owning and operating a car is $1,000 per month, including purchase, insurance, fuel, and maintenance.
In the city, transportation costs might total about $250 per month for transit passes, biking, ride-hailing, and other small expenses.
This results in an effective $750 per month increase in the housing budget for city center residents who do not own a car.
The results of the video are quite interesting, as you can get more m² in walkable areas in most cities
Depends on what you’re able to learn and do yourself and what you buy. I bought a Gen 2 Prius with 160,000 miles on it with a hybrid battery issue. I could buy a nicer one for less money right now than I could back then. It’s currently at 284,000 miles and not showing a hint of slowing down. One of my tpms transmitters went out recently, so that will cost me $100 for 4 new ones next time I replace my tires. I don’t like seeing the yellow light for it on my dash. Lol