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He says it costs about $132 per hour for the CTA to operate a bus. Therefore, Freemark figures, in order to cover the full cost of its operations over a single hour, one bus would have to earn $132 per hour at the farebox. That covers costs for the driver, gas, administration, and maintenance. (Again, it leaves out capital costs, such as the bus itself.) With a full fare set at $2 per person (or $2.25 if you pay cash) a CTA bus would seemingly need just 66 passengers to come aboard during that hour in order for that bus to break even. But in 2013, the average rider only paid about a dollar per trip.
About Reduced Fare. Cost: The base subway or local bus fare is $2.75. Reduced fare is half the base fare, $1.35 or less with Reduced-Fare MetroCard discounts. Whoâs eligible: Customers who are 65 years of age or older or have a qualifying disability. Where and when you can ride at the reduced fare: MTA New York City Transit Subway