They’re only hours apart – separated by a single state in-between, but when it comes to the cost of owning and operating a car, Wyoming and Iowa might as well be on different planets.
When you factor in such annual costs as gasoline, insurance and repairs, the typical Wyoming driver will spend about $2,705. In Iowa, the figure is a far more reasonable $1.942 annually, according to a new study by the financial services website Bankrate.com.
The results of the new study might come as a surprise, particularly with relatively sparse Wyoming landing at the top of the list – above more urban states such as New York, New Jersey and California. In fact, the Golden State wound up closer to the middle of the list of 50 states and Washington, D.C. At an annual cost of $2,237, California motorists are laying out just slightly more than the $2,223 national average, according to the Bankrate study.