Cost Per Mile Calculator

Your details

How many miles you drive per year on average.
miles
Your vehicle's average miles per gallon. Check your dashboard or a recent fill-up.
MPG
Average price per gallon of fuel you pay.
$/gal
Total annual cost of your auto insurance policy.
$/yr
The drop in your vehicle's market value per year. A common estimate is 15% of current value in year 1, roughly 10-12% thereafter.
$/yr
Annual DMV registration, license plate renewal, and any local fees.
$/yr
Total interest paid on your auto loan this year. Enter 0 if you own the car outright.
$/yr
Oil changes, filters, brakes, belts, and unexpected repairs. The AAA estimates $0.09 per mile on average.
$/yr
Annual tire cost: full set price divided by expected tyre life in years (typically 3-5 years).
$/yr
Enter a specific trip distance to see how much it costs at your calculated cost-per-mile rate.
miles
Cost per mileBelow average
0.497$/mile

Total cost for every mile you drive, all categories combined

Annual total cost7,450$
Monthly average621$
Fuel cost per mile0.117$/mile
Fixed cost per mile0.313$/mile
Variable cost per mile0.067$/mile
Trip cost estimate49.67$
Annual fuel cost1,750$
Annual fixed costs4,700$
Annual variable costs1,000$

Your true cost to drive is $0.497 per mile.

  • Your 15,000-mile-per-year driving habit costs about $7450 annually, or $621 per month.
  • Cost breakdown: fuel 23%, fixed costs (insurance, depreciation, registration, interest) 63%, variable costs (maintenance, tires) 13%.
  • The 2026 IRS business mileage rate is $0.725/mile. Your actual cost is $0.497/mile, so the IRS rate reimburses you $0.228 more per mile than you spend.

Next stepTo reduce your cost per mile further, focus on the largest category in your breakdown - for most drivers that is depreciation or insurance, not fuel.

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