Cost Per Mile Calculator
Average Cost Per Mile by Vehicle Type
Based on 12,000 miles/year, national average fuel prices
| Vehicle Type | Fuel/Mile | Deprec./Mile | Fixed/Mile | Total/Mile |
|---|---|---|---|---|
| Compact Sedan | $0.10 | $0.15 | $0.18 | $0.43 |
| Midsize Sedan | $0.12 | $0.20 | $0.20 | $0.52 |
| Small SUV | $0.14 | $0.22 | $0.22 | $0.58 |
| Full-Size SUV | $0.18 | $0.28 | $0.25 | $0.71 |
| Pickup Truck | $0.20 | $0.25 | $0.24 | $0.69 |
| Electric Vehicle | $0.04 | $0.25 | $0.20 | $0.49 |
| Hybrid | $0.07 | $0.20 | $0.20 | $0.47 |
How We Calculate This
This cost per mile calculator uses established formulas and industry-standard data to provide accurate estimates.
- Enter your specific values into the calculator fields above
- Our algorithm applies the relevant formulas using your inputs
- Results are calculated instantly in your browser — nothing is sent to a server
- Review the detailed breakdown to understand how each factor affects your result
These calculations are estimates based on standard formulas. For critical decisions, always consult a qualified professional.
How to Convert Oven Recipes to Air Fryer
The calculator adds up every category of vehicle expense and divides by miles driven to find your true per-mile cost.
The basic rule:
- Fuel cost per mile = fuel price ÷ MPG
- Depreciation per mile = (purchase price − resale value) ÷ (years × annual miles)
- Fixed costs per mile = (insurance + maintenance + registration) ÷ annual miles
- Total cost per mile = fuel + depreciation + fixed costs
The IRS standard mileage rate for 2024 is $0.67/mile. Most personal vehicles cost between $0.40 and $0.80 per mile when all expenses are included.
When Would You Use This Calculator?
This cost per mile calculator is designed for anyone who needs quick, reliable estimates without complex spreadsheets or professional consultations.
- When you need a quick estimate before committing to a purchase or project
- When comparing different options or scenarios side by side
- When planning a budget and need to understand potential costs
- When you want to verify a quote or estimate you've received from a professional
- When teaching or learning about the concepts behind these calculations
Frequently Asked Questions
What is a good cost per mile for a car?
The average cost per mile is about $0.50-$0.70 for a typical sedan. Economy cars can be as low as $0.35/mile, while trucks and SUVs often exceed $0.75/mile. The IRS standard mileage rate of $0.67 is a reasonable benchmark.
Should I include depreciation in cost per mile?
Yes. Depreciation is typically the largest single cost of vehicle ownership, especially in the first 5 years. A $35,000 car that's worth $20,000 after 5 years has lost $3,000/year to depreciation alone.
How does mileage affect cost per mile?
Higher annual mileage spreads fixed costs (insurance, registration) over more miles, reducing cost per mile for those categories. However, higher mileage increases maintenance costs and depreciation rate.
What costs are not included here?
This calculator covers the major costs. Additional expenses like parking, tolls, car washes, loan interest, and traffic tickets could add $0.02-$0.10 per mile depending on your situation.