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There are many costs involved in owning a vehicle, such as depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, and repairs. Research has been done to calculate the difference in those costs over a five-year period on a State by State basis. The difference can be as much as $10,000. South Dakota, New Hampshire, and Wisconsin are the least expensive States in terms of vehicle ownership, while Hawaii, Alaska, and California are the most expensive.

Total Cost to Own a Vehicle over a Five-Year Period*
Graph showing the total cost to own a vehicle over a five-year period in each state. The breakdown includes depreciation, taxes and fees, financing, fuel, insurance, maintenance, and repairs. For more detailed information, see the table below.

* Based on a 2011 Toyota Camry 4-door sedan on August 3, 2011. Different vehicle models will have different costs.

Supporting Information

Total Cost to Own a Vehicle over a Five-Year Period*
State Depreciation Taxes & Fees Financing Fuel Insurance Maintenance Repairs True Cost to Own
Alabama $11,860 $3,082 $3,403 $9,252 $7,754 $2,977 $665 $38,993
Alaska $12,666 $489 $2,856 $11,365 $12,135 $3,137 $744 $43,392
Arizona $11,922 $3,150 $3,325 $9,405 $8,167 $3,198 $732 $39,899
Arkansas $10,853 $1,821 $3,107 $9,222 $8,687 $3,035 $683 $37,408
California $11,842 $2,355 $3,371 $10,660 $10,500 $3,324 $773 $42,825
Colorado $12,072 $2,560 $3,217 $9,222 $6,843 $3,204 $744 $37,862
Connecticut $11,927 $1,629 $2,989 $10,263 $10,833 $3,151 $726 $41,518
Delaware $11,927 $708 $2,731 $9,557 $10,693 $2,889 $671 $39,176
Florida $11,860 $1,753 $3,366 $9,650 $8,977 $2,960 $665 $39,231
Georgia $11,860 $2,251 $2,651 $9,344 $5,610 $2,850 $631 $35,197
Hawaii $12,666 $1,468 $3,172 $11,579 $11,299 $2,868 $648 $43,700
Idaho $12,072 $1,723 $3,096 $9,650 $6,055 $2,836 $631 $36,063
Illinois $10,969 $1,973 $2,739 $10,109 $7,326 $2,868 $637 $36,621
Indiana $10,969 $2,196 $2,655 $9,679 $6,187 $2,985 $671 $35,342
Iowa $10,969 $2,626 $2,903 $9,557 $5,363 $3,002 $677 $35,097
Kansas $10,853 $2,882 $2,758 $9,405 $6,182 $2,763 $601 $35,444
Kentucky $11,853 $1,370 $2,753 $9,527 $7,352 $2,970 $671 $36,496
Louisiana $10,860 $1,835 $2,622 $9,252 $11,561 $2,847 $625 $39,602
Maine $11,927 $2,649 $2,991 $9,834 $7,497 $2,645 $577 $38,120
Maryland $11,927 $1,544 $3,097 $9,588 $10,231 $3,375 $797 $40,559
Massachusetts $11,927 $2,565 $2,735 $9,650 $5,551 $2,604 $560 $35,592
Michigan $11,969 $1,825 $2,785 $9,864 $7,674 $3,009 $683 $37,809
Minnesota $10,969 $2,202 $2,399 $9,650 $6,248 $3,024 $683 $35,175
Mississippi $10,860 $1,665 $2,770 $9,190 $7,260 $2,636 $565 $34,946
Missouri $10,853 $1,650 $2,699 $9,099 $7,449 $2,864 $637 $35,251
Montana $12,072 $1,841 $2,626 $9,557 $8,221 $2,695 $612 $37,624
Nebraska $10,853 $1,498 $3,127 $9,803 $6,688 $2,928 $659 $35,556
Nevada $11,922 $2,873 $3,244 $9,925 $9,610 $3,223 $744 $41,541
New Hampshire $11,927 $220 $2,369 $9,527 $5,921 $2,559 $571 $33,094
New Jersey $11,927 $1,746 $2,947 $9,313 $10,248 $2,557 $543 $39,281
New Mexico $11,922 $1,673 $3,145 $9,466 $6,086 $3,122 $715 $36,129
New York $11,942 $1,992 $2,672 $10,293 $9,443 $2,826 $618 $39,786
North Carolina $11,639 $1,588 $2,949 $9,466 $7,042 $2,905 $648 $36,237
North Dakota $11,072 $1,576 $2,373 $9,834 $5,732 $2,730 $601 $33,918
Ohio $11,969 $1,684 $2,952 $9,619 $6,317 $2,848 $631 $36,020
Oklahoma $10,853 $2,049 $2,811 $9,252 $7,921 $2,937 $654 $36,477
Oregon $11,842 $129 $2,854 $10,048 $7,121 $2,908 $677 $35,579
Pennsylvania $11,927 $1,516 $3,170 $9,742 $8,580 $2,797 $618 $38,350
Rhode Island $11,927 $1,714 $2,777 $9,864 $9,776 $2,850 $631 $39,539
South Carolina $11,860 $377 $2,534 $9,099 $7,700 $2,715 $589 $34,874
South Dakota $11,072 $1,325 $2,426 $9,679 $4,815 $2,823 $631 $32,771
Tennessee $11,853 $2,348 $3,002 $9,190 $7,244 $2,825 $612 $37,074
Texas $10,922 $1,854 $3,092 $9,222 $7,159 $2,991 $671 $35,911
Utah $12,072 $2,243 $3,247 $9,466 $5,978 $2,784 $612 $36,402
Vermont $11,927 $1,525 $2,775 $9,803 $6,816 $2,660 $577 $36,083
Virginia $11,639 $1,208 $2,838 $9,313 $7,873 $3,186 $744 $36,801
Washington $11,842 $2,059 $3,313 $10,263 $8,344 $2,771 $601 $39,193
West Virginia $11,639 $1,426 $2,365 $9,896 $11,615 $2,970 $671 $40,582
Wisconsin $10,969 $1,427 $2,424 $9,742 $5,249 $3,156 $732 $33,699
Wyoming $12,072 $2,540 $3,138 $9,222 $7,444 $2,826 $631 $37,873

* Based on a 2011 Toyota Camry 4-door sedan on August 3, 2011. Different vehicle models will have different costs.
Source: Edmund's True Cost to Own Pricing System

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