Buying a new car isn’t as expensive as it used to be.
In fact, the average car sold in the U.S. is more expensive than the average person’s monthly income, according to a new study.
“The average cost of buying a new vehicle has fallen over the past decade to $23,000, according the annual study from financial service provider PricewaterhouseCoopers.
But the average price per mile of new cars in the United States has remained nearly $30,000 for a vehicle that has been in service for 10 years or more,” according to the report.
The median price per gallon has fallen from $3.83 to $2.70, and the average cost per year of ownership has increased by more than $4,000.
The study is based on data from over 200,000 U.K. and U.A.E. consumers.
It is based primarily on vehicle prices collected from the Consumer Price Index.
However, it also includes information on average daily fuel costs.
A typical car has two engines, four wheels, a windshield, a trunk, and a roof.
The most commonly used vehicles are SUVs, pickup trucks, and compact cars.
This article originally appeared on National Geographic News.