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Cost Per Mile Calculator

Find out what each mile you drive really costs. Enter how far you drive in a year, your fuel economy and fuel price, then the yearly costs of owning the car — insurance, maintenance, depreciation and fees — to get the cost per mile, per month and per year.

Quick examples
mpg
$
$
$
$

What the car loses in value each year; add loan interest here too.

$
Your numbers stay in your browser. Nothing is uploaded.
Cost per mile$0.72
Cost per kilometer
$0.45
Total cost per year
$8,600.00
Cost per month
$716.67
Fuel per year
$1,500.00
Everything else per year
$7,100.00
Where the money goes
  • Fuel
  • Everything else

Saved setups

Save a set of inputs you reuse — your usual rate, your loan, your room sizes — and load it back in one tap.

    Your recent calculations

    Results you calculate here are kept on this device so you can come back to them.

      Formula

      Fuel per year = miles per year ÷ mpg × price per gallon
      Total per year = fuel + insurance + maintenance + depreciation + other costs
      Cost per mile = total per year ÷ miles per year

      How to use it

      1. Enter the distance you drive in a year.
      2. Enter your fuel economy and the fuel price.
      3. Enter each yearly ownership cost; estimates are fine.
      4. Read the cost per mile and the yearly and monthly totals.

      Worked examples

      12,000 miles a year at 28 mpg and $3.50 gas, with $7,100 of other yearly costs

      Fuel per year
      $1,500.00
      Everything else per year
      $7,100.00
      Total cost per year
      $8,600.00
      Cost per month
      $716.67
      Cost per mile
      $0.72
      Cost per kilometer
      $0.45

      15,000 miles a year at 25 mpg and $4 gas, with $6,000 of other yearly costs

      Fuel per year
      $2,400.00
      Total cost per year
      $8,400.00
      Cost per month
      $700.00
      Cost per mile
      $0.56

      The costs people forget

      Fuel is the cost you see every week, but it is usually well under a third of the total. Depreciation — the value the car loses each year — is typically the single largest cost of a newer car, followed by insurance. If you have a loan, add the interest to the depreciation figure.

      Fixed costs are spread over the miles you drive, so cost per mile falls as mileage rises: the same car costs far more per mile at 6,000 miles a year than at 15,000.

      Benchmarks

      The IRS standard mileage rate for business driving is a useful reference point for the all-in cost of running a typical car; it was 67 cents a mile for 2024 and is revised each year. Fuel alone at 28 mpg and $3.50 a gallon is 12.5 cents a mile.

      An older car that has finished depreciating can cost much less per mile even with higher repair bills.

      Questions people ask

      How do I calculate cost per mile for my car?

      Add up everything you spend on the car in a year, including fuel, insurance, maintenance, depreciation and fees, and divide by the miles driven. $8,600 a year over 12,000 miles is about 72 cents a mile.

      How much does gas cost per mile?

      Divide the price per gallon by your mpg. At $3.50 and 28 mpg that is 12.5 cents a mile; at 20 mpg it is 17.5 cents.

      What is a typical cost per mile to own a car?

      For a newer car driven about 12,000–15,000 miles a year, somewhere around 55 to 80 cents a mile once depreciation and insurance are included. Fuel alone is usually 10–20 cents of that.

      Related calculators

      Gas Cost CalculatorFuel used and cost for a trip, split between passengers.Commute Cost CalculatorWhat driving to work costs per day, month and year.Car Depreciation CalculatorA car’s value year by year from first-year and later depreciation.MPG CalculatorMiles per gallon from the distance driven and fuel used.Car Affordability CalculatorHow much car you can afford using the 20/4/10 guideline.Auto Loan CalculatorCar payment with down payment, trade-in, sales tax and fees included.