The Most Expensive States to Own a Car

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How Much Does It Cost To Own a Car for a Year in Every State?

The cost of living in every state differs based on factors such as home ownership and rent, making some states more expensive to live in than others. But have you ever thought about how much it costs to own a vehicle in each state? If you're looking to move, we recommend factoring this in. We've compiled some of the most common expenses new car owners acquire within the first year of vehicle ownership for every state in the U.S.

In order to make our calculations, we used Kelley Blue Book's October 2019 average new vehicle transaction price of $38,259. We gathered vehicle property tax information from WalletHub, and sales tax rates on a state and local level were taken from the Tax Foundation.

We found that states lacking sales tax are not surprisingly among the most affordable.

We also added in the average car insurance rates for every state from our Cheapest Car Insurance ranking. We racked down annual gas costs from the U.S. Energy Information Administration, and average repair costs from CarMD. Registration and title costs were taken from AAA. Lastly, we factored in vehicle depreciation, which (according to Carfax) is about 20% during the first year of ownership. Using Kelley Blue Book's figure of $38,259, that gives us $7,651 in depreciation costs for every state. 

With all of these components taken into consideration, the following slides rank the cheapest to most expensive states to own a vehicle.

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