Motor City residents pay more for the privilege of car ownership than just about anywhere else.
A new survey by consulting firm Runzheimer International pegs Detroit as having the highest ownership costs in its survey of various U.S. cities. On average, Motowners shell out a startling $12,210 per year for a mid-size sedan. The city’s no-fault insurance, averaging $5,072, was cited as the single biggest reason for the expense. That’s even more than cities like Los Angeles and Philadelphia.
By comparison, residents of Sioux Falls, South Dakota pay just $7,700/year. Credit for the less expensive tab goes to lower insurance prices, as well as cheaper maintenance costs.
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