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

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[–] 7 points 9 months ago (1 child)

How common is it to acyually buy a new car though? Like surely most people get something used right?

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  • [–] 6 points 9 months ago* (last edited 8 months ago)

    That's part of my thinking. New cars aren't average.

    Edit:
    With some research I found that car sales total market is about 70/30 used vs new. Taking that into account the new average is just over $32k, rather than $49k.

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