Owning a home in walkable neighborhoods saves residents $300 to $400 a month, up to 4,800 a year, on gas expenses alone, according to research by the Congress for the New Urbanism. Kicking the car habit yields larger consequences: Traffic congestion sucked $78 billion from the economy in 2005, added 4.2 billion hours in commuter time, and wasted almost 3 billion gallons of gasoline, according to a 2007 Urban Mobility Report by the Texas Transportation Institute.
We asked the Center for Neighborhood Technology to help identify cheap rides in America's largest metropolitan areas. It classified a neighborhood's low transportation costs as the metro area mean transportation costs minus one standard deviation.
Guess who made this list? Koreatown! Can Downtown be far behind?
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On the walkscore.com site, my downtown Los Angeles address scores a 97 out of 100. That;s higher than almost all of San Francisco and much of New York.
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