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Valley Metro Rail, Inc.

Phoenix, AZ · NTD ID 90209 · 2024 report year

Annual trips11.0 million #62 in the US
Operating expense$80.3 million 2024, as reported
Cost per rider$7.29 all modes combined
Farebox recovery8.5% fares ÷ operating cost

Valley Metro Rail, Inc. carries 11.0 million passenger trips a year across two modes — light rail and streetcar — making it the 62nd-busiest transit operator in the United States. It is based in Phoenix, AZ.

It spends $80.3 million a year running that service, or $7.29 per trip. Its light rail service, the largest of its modes, costs $7.35 per rider — 36% below the $11.57 median for the 22 US agencies reporting light rail.

Over the 10 years reported, ridership remains 27% below its 2019 level, the last full year before the pandemic, and up 9% on 2023. Fares cover 9% of operating cost.

Service by mode, 2024

ModeAnnual tripsOperating expense Cost per ridervs national median FareboxVehicles
Light Rail#13 of 22 nationally 10,215,129 $75.1 million $7.35 -36% 9% 34
Streetcar#13 of 25 nationally 793,627 $5.2 million $6.49 -35% — 3

Ridership, 2015–2024

16.5 million 6.6 million 2024 2015
YearAnnual trips Operating expense (2024 $)Cost per rider (2024 $)
2024 11,008,756 $80.3 million $7.29
2023 10,121,194 $70.3 million $6.94
2022 8,438,139 $59.9 million $7.10
2021 6,581,599 $63.8 million $9.70
2020 12,826,471 $61.7 million $4.81
2019 15,084,312 $59.4 million $3.94
2018 15,786,911 $53.7 million $3.40
2017 16,511,814 $53.1 million $3.22
2016 15,574,737 $45.8 million $2.94
2015 14,276,884 $41.4 million $2.90

Where Valley Metro Rail, Inc. ranks

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Source & method. Figures are from the Federal Transit Administration's National Transit Database (NTD) annual reporting for 2024, the most recent published report year. Cost per rider is operating expense divided by unlinked passenger trips. Farebox recovery is fare revenue divided by operating expense. Ten-year trends are adjusted for inflation to 2024 dollars; single-year figures are as reported. Agencies self-report to the NTD, and reporting practice varies, so figures are best read as comparable in magnitude rather than to the cent.