Cost per mile formula:
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Cost per mile is a metric that calculates how much you pay for each mile traveled in an Uber ride. It helps you understand the value you're getting and compare different transportation options.
The calculator uses a simple formula:
Where:
Explanation: This calculation gives you the average cost for each mile of your trip, which can help you budget for future rides or compare with other transportation options.
Details: Understanding cost per mile helps you make informed decisions about transportation, budget more effectively, and identify when surge pricing might be affecting your ride costs.
Tips: Enter the total cost from your Uber receipt and the trip distance (available in the Uber app). Both values must be positive numbers.
Q1: Why is my cost per mile higher than usual?
A: This could be due to surge pricing, longer wait times, tolls, or a more expensive Uber service type (like Uber Black instead of UberX).
Q2: What's a typical cost per mile for Uber?
A: Costs vary by city and service type, but typically range from $1.50 to $3.50 per mile for UberX in most US cities.
Q3: Does this include tips?
A: Only if you include the tip in your total cost input. For accurate comparisons, you might want to calculate both with and without tips.
Q4: How does this compare to owning a car?
A: The IRS mileage rate (2023: $0.655/mile) accounts for all car ownership costs. Compare this to your Uber cost per mile to see which is more economical for your situation.
Q5: Can I use this for other ride-sharing services?
A: Yes, this calculator works for Lyft or any other ride-sharing service where you know the total cost and distance.