By now, most of you know that the average American will spend more than $1 million on a ticket in the next few years.
This number is the total cost of owning an airplane ticket.
But a new study from the University of California, Berkeley, and the National Association of Realtors (NAR) suggests that a typical ticket is actually only $600 per person.
The study, conducted by the National Realty Institute, shows that the price of a typical two- or three-person family trip to New York City could range from $4,600 to $20,000, depending on where they travel and their destination.
(For comparison, the average household income in the U.S. is about $60,000.)
The study examined 1,200 single-family homes in California, New York, Washington, D.C., and Florida, and found that people who earn over $250,000 a year would spend $2,900 on a trip to NYC.
This figure includes all of the housing’s amenities, from the parking lots to the dining hall.
But those who earn $50,000 to $100,000 will spend $4.00 on a single-person flight.
The average ticket would cost $3,800, according to the NAR.
The cost of a four-person trip in NYC, however, would be $10,000.
That’s a hefty hike for a trip of less than $5,000—especially considering the costs of airfare and other expenses.
“These results are significant,” the study says.
“They provide an estimate of how much a single person could save by paying less for a single ticket.
It is also the first time that the amount of an individual’s cost is considered.”
The study also found that the cost of flying for a family of four in NYC would increase from $7,200 to $18,900.
The median price of one-way domestic flights is $4.,400.
The cheapest one-ways for a four person trip would be around $8,400.
In all, a family with a three- or four-member household could save nearly $2.5 million a year by purchasing their own tickets, according the NAI study.
The total cost would depend on where the family resides and how much it spends on each ticket, but it is expected that it will be about $1.5 billion per year.
The study found that one-bedroom apartments and condos cost $2 million more than one-story houses.
These homes tend to be rented or sold out.
The apartments in the study range from studios to one- and two-bedroom houses.
The most expensive ones, like the two-story two-car garage, would cost nearly $20 million a home.
The other three-bedroom homes in the sample are in one-family condos and condos in the middle of a city block.
The NAI estimates that about 80% of people who fly to NYC will use the city’s most expensive airlines.
That means that an individual who travels to NYC to live would need to spend between $100 and $200 per month on airfare.
For comparison, a one-person ticket in a typical city would cost between $1 and $3 per month.
For those of us who like to spend money, there are also other ways to get a cheap flight.
Airlines offer discounts for those who use their own credit cards.
And they are a popular way to save money on hotel stays.
The best of both worlds are cheap flights, but the NAIR study found one of the most significant downsides is that they are more expensive.
“If you have a lot of money, it’s a lot easier to fly,” the report says.
That makes the cheapest flights more appealing for the wealthy, but less appealing for lower-income travelers.
“For those who don’t have that kind of money to spend on a flight, they don’t want to use a credit card,” the authors write.
The NAR study estimates that people with incomes between $50 and $100 per year could save about $300 on a one or two-night stay at a hotel.