Wyoming and Iowa are separated by just one state – which means they’re only a few hours apart. But they’re on the opposite side of the planet when it comes to car ownership costs.
According to a recent study conducted by the financial services website Bankrate.com, Wyoming will make a typical car owner spend annually around $2, 705. The average takes into account such expenditures as gasoline, insurance and repairs. On the other hand, the Iowa owner will see a far more reasonable $1.942 cost. The most expensive state of Wyoming surprisingly lands on top of urban areas like New York, New Jersey and California. According to the research, the Golden State, with an annual cost of $2,237, landed very close to the US average of $2,223.
Here are the three most expensive and in turn least expensive states for US motorists:
• Wyoming: average of $2,705 – repairs $324, $792 insurance and $1,588 gas.
• Louisiana: average of $2,555 – repairs $354, $1,277 insurance and $924 gas.
• Florida: average of $2,516 – repairs $377, $1,124 insurance and $1,015 gas.
• Iowa: average of $1,942 – repairs $315, $630 insurance and $998 gas.
• Ohio: average of $1,973 – repairs $328, $698 insurance and $947 gas.
• Illinois: average of $1,999 – repairs $343, $805 insurance and $852 gas.
The most expensive states are united by the fact that they are big – so motorists tend to travel a lot and use more fuel; and they have higher than average costs for insurance.