Saturday, April 19, 2008

What Percentage of Your Monthly Income...

...goes toward gasoline for your motor vehicles?

This interesting story (the subject of which is not far from here in Montgomery) gives some general guidelines:
Though drivers across the nation are smarting from the rising price of gas, it is taking a particularly harsh toll here in Wilcox County, where the median household income is $17,500. A recent report by the Oil Price Information Service estimated that residents spend more than 13% of their monthly income on gas -- the highest ratio in the nation. (The study, which also took into account local gas prices and commuting statistics, found that the average Los Angeles County household spends 3.9% of its monthly income on gas.)