Cost per Mile Calculator
Ideal for fleet managers, rideshare drivers, road trips, and finance teams—estimate true operating cost per mile with ease.
Use odometer readings or GPS logs for accuracy.
Cost Components
Total cost: $265.00
Cost per mile: $0.221
Cost per kilometer: $0.137 (1 mile = 1.60934 km)
Breakdown
- Fuel$180.00
- Maintenance$60.00
- Tolls & Parking$25.00
Per-mile perspective
- Fuel$0.150 per mile
- Maintenance$0.050 per mile
- Tolls & Parking$0.021 per mile
How to Use This Calculator
Collect mileage data
Use your odometer, GPS logs, or telematics to know total miles traveled.
List every expense
Include fuel, maintenance, insurance, depreciation, tolls—anything tied to this trip or period.
Review cost per mile
Use the results for budgeting, reimbursement rates, or comparing vehicles/routes.
Formula
Cost per Mile = (Σ Cost Components) ÷ Miles Driven
Cost per Kilometer = Cost per Mile ÷ 1.60934
Example: $265 total / 1,200 miles → $0.221 per mile.
Why Track Cost per Mile?
- Compare vehicle efficiency or maintenance needs over time.
- Set accurate reimbursement rates for employees or contractors.
- Optimize route planning by comparing cost per trip.
- Forecast budgets for fleet operations or personal travel.
Frequently Asked Questions
What costs should I include?
Add any expenses incurred during the period you’re measuring: fuel, maintenance, insurance, depreciation, parking, tolls, etc.
How do I handle depreciation?
Estimate depreciation over the period (e.g., monthly depreciation) and include it as a cost line item.
Can I switch to kilometers?
Enter kilometers by converting to miles first (km ÷ 1.60934). We also output cost per km for convenience.
How accurate is the result?
Accuracy depends on thorough cost tracking and precise mileage data. Keep receipts and logs for audit trails.