Everyday Life Calculators

Cost per Mile Calculator

Calculate your total vehicle operating cost per mile from annual costs and miles driven per year.

Cost per mile —

About the Cost per Mile Calculator

Vehicle ownership costs a lot more than just gas — insurance, maintenance, depreciation and repairs all add to the true cost of every mile driven.

Formula: Cost per Mile = Total Annual Vehicle Cost ÷ Miles Driven per Year

Use your full annual cost (fuel, insurance, maintenance, loan interest, and estimated depreciation) for the most accurate per-mile figure — useful for mileage reimbursement comparisons or deciding whether to keep or replace a vehicle.