There is a sharp increase in vehicle ownership once income surpasses 50,000 U.S. dollars. The high running costs of owning a car makes it very difficult for low income earners to have their own vehicle. The annual salary of those in the lowest income group shown would not cover the cost of the average second hand car.
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Infutor. (October 12, 2021). U.S. car owners as of 2021, by income group [Graph]. In Statista. Retrieved February 15, 2025, from https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed
Infutor. "U.S. car owners as of 2021, by income group." Chart. October 12, 2021. Statista. Accessed February 15, 2025. https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed
Infutor. (2021). U.S. car owners as of 2021, by income group. Statista. Statista Inc.. Accessed: February 15, 2025. https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed
Infutor. "U.S. Car Owners as of 2021, by Income Group." Statista, Statista Inc., 12 Oct 2021, https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed
Infutor, U.S. car owners as of 2021, by income group Statista, https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed (last visited February 15, 2025)
U.S. car owners as of 2021, by income group [Graph], Infutor, October 12, 2021. [Online]. Available: https://www.statista.com/statistics/1041177/us-car-owners-by-income-group/?__sso_cookie_checker=failed