Cost Per Mile Calculator

What is the Cost Per Mile Calculator?

Calculate the true cost per mile of owning and driving a vehicle. Know what a trip or a vehicle really costs. These auto and travel calculators cover fuel, charging, depreciation and the true per-mile cost of driving for commuters and professional drivers.

How to use the Cost Per Mile Calculator

1. Enter your miles per year, your fuel per year, your insurance per year, your maintenance & tires per year and the remaining fields.
2. Results update automatically as you type; you can also press Calculate.
3. Read the output: cost per mile, annual cost, monthly cost.
4. Use the 📊 chart to see the result visually, then copy or share it.

Formula and method

Worked example

With miles per year = 12,000, fuel per year = $1,800, insurance per year = $1,500, maintenance & tires per year = $900, depreciation per year = $3,500, the Cost Per Mile Calculator returns cost per mile: $0.683; annual cost: $8,200.00; monthly cost: $683.33.

Tips for better results

• Use your real-world fuel economy rather than the window sticker.
• Depreciation is often the largest hidden cost of owning a car.
• Gig drivers should track every mile — it changes net hourly pay dramatically.

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