Dayhoff Soundtrack: 24/7 Wall St.:The 10 Cities Where No One Wants to Drive By Alexander E.M. Hess and Thomas C. Frohlich February 6, 2014

Friday, February 28, 2014

24/7 Wall St.:The 10 Cities Where No One Wants to Drive By Alexander E.M. Hess and Thomas C. Frohlich February 6, 2014

For many Americans, there’s no escaping the stressful rush hour drive — but not for everybody. Many choose not to own a car. In fact, according to a recent report, more than 9% of U.S. households did not have a car in 2012, a higher figure than five years ago. In 21 of the nation’s 30 largest cities, households were also less likely to have a vehicle than just five years earlier.

http://247wallst.com/special-report/2014/02/06/the-10-cities-where-no-one-wants-to-drive/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=FEB72014A&utm_campaign=DailyNewsletter

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According to a study by Michael Sivak, a research professor at the University of Michigan Transportation Research Institute, the growth in households without a vehicle provides evidence that Americans are less dependent on cars than in the past. Sivak’s research also indicates that, per capita, Americans own fewer vehicles, drive fewer miles, and consume less fuel. While the number of households without a car rose nationwide, from 8.7% in 2007 to 9.2% in 2012, figures by city differ dramatically. In San Jose, just 5.8% of households did not have a car. In New York, 56.5% of households did not have a car.

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Read more: The 10 Cities Where No One Wants to Drive - 24/7 Wall St. http://247wallst.com/special-report/2014/02/06/the-10-cities-where-no-one-wants-to-drive/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=FEB72014A&utm_campaign=DailyNewsletter

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6. Baltimore, MD
> Pct. of households without a vehicle: 31.2%
> Pct. commuting to work via public transportation: 19.2% (23rd most)
> Transit score: 56.9 (10th best)
> Population: 620,216 (26th largest)

The percentage of Baltimore households without a car rose from 29.3% in 2007 to 31.2% in 2012. One reason may be the quality of walking routes and public transportation in the city; Baltimore received some of the top marks in the nation for both walking and public transportation. The Maryland Transit Administration operates a number of services, including commuter buses and trains, as well as a more-than 15 mile-long subway. In 2012, more than 19% of commuters took public transportation to work, one of the higher percentages in the nation. There are also plans to build a new light-rail system, called the Red Line.

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Read more: http://247wallst.com/special-report/2014/02/06/the-10-cities-where-no-one-wants-to-drive/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=FEB72014A&utm_campaign=DailyNewsletter

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