Cost Per Mile Calculator: Cost to Drive
This cost per mile calculator shows what it really costs to drive your car, truck or delivery vehicle. Enter the miles you drive a year, your MPG and gas price, then your yearly maintenance, tires, registration, parking and tolls, and how much value the vehicle loses each year. It splits the result into running costs (which grow with every mile) and fixed costs (which you pay even when parked), and gives your cost per mile, per month and per year. Gig drivers can compare it with what a delivery or rideshare trip pays.
Cost Per Mile Calculator
Add fuel, maintenance, tires, depreciation and fixed costs to find what each mile really costs.
How to use the Cost Per Mile Calculator
- Enter yearly miles, MPG and gas price.
- Add maintenance, tires and other running costs.
- Add fixed costs and yearly depreciation.
- Read your cost per mile, month and year.
Cost per mile formula
Cost per mile = (fuel + maintenance + tires + other running costs + fixed costs + depreciation) ÷ miles per year · Fuel per mile = gas price ÷ MPG
Features
- Running vs fixed cost split
- Per mile, month and year
- Cost breakdown chart
- Trip cost check
Frequently asked questions
How do you calculate cost per mile?
Add up every yearly cost of owning and running the vehicle, then divide by the miles you drive in a year. $9,000 of costs over 12,000 miles is $0.75 per mile.
What is the fuel cost per mile?
Divide the gas price by your MPG. At $3.40 a gallon and 28 MPG, fuel costs about $0.121 per mile.
What counts as fixed costs?
Costs that do not change with miles, such as registration, parking, permits, and the part of depreciation caused by age.
How much does depreciation cost per mile?
Estimate how much the car loses in value each year and divide by miles driven. Losing $3,000 a year over 12,000 miles is $0.25 per mile.
Why does driving more lower my cost per mile?
Fixed costs are spread over more miles, so each mile carries less of them. Running costs like fuel and tires stay about the same per mile.