Cost of Owning 3-Wheel Compactors: Where Does Your State Rank?

    The top 3 spots still belong to Alaska as the most expensive states to own 3-wheel compactors, while Arizona, Utah, and New Mexico round out the least expensive.

    Key Takeaways for Decision Makers

    EQUIPMENT MANAGER/ESTIMATOR: Given the array of differing equipment rates per state, be sure to use EquipmentWatch’s regional adjustments in order to ensure you’re using the most accurate rates possible.

    It’s no surprise that different areas of the country have different factors that cause equipment ownership costs to fluctuate. One of these factors is per capita income which reflects the economics of a particular state and can have a direct impact on other factors like local mechanics wage, sales tax, and freight; all of which can affect ownership costs as well as operating costs. However, climate tends to be one of the more critical factors in differing costs from state to state. Maximum and minimum temperatures as well as precipitation are taken into consideration due to their effect on the average annual use hours. Extreme temperatures and precipitation shorten a working season which means ownership rates will be higher in order to recover fixed costs. States with volatile climates tend to have more downtime for both equipment and workers.

    State level adjustments also vary by the type of equipment due to differing equipment functions and purposes. Paving and drilling equipment, for example, have a shorter working season than many other equipment types due to difficulty or inability to preform correctly during colder months. Below is a ranking of all 50 states based on how expensive it is to own a 3-wheel compactors:

    Rank State Adjustment Multiplier Rank State Adjustment Multiplier
    1 Alaska – North 134.60% 28 Nevada 96.00%
    2 Alaska – South 125.60% 29 Florida 95.50%
    3 Alaska – Central 116.60% 30 Iowa 95.20%
    4 New York 110.50% 31 Vermont 95.10%
    5 Minnesota 110.10% 32 Virginia 94.80%
    6 Pennsylvania 106.20% 33 Louisiana 94.40%
    7 Connecticut 106.00% 34 Delaware 94.00%
    8 Wisconsin 105.60% 35 Kansas 93.50%
    9 Massachusetts 105.40% 36 New Hampshire 93.50%
    10 Rhode Island 104.40% 37 Oregon 93.30%
    11 California – North 102.00% 38 Tennessee 93.10%
    12 Illinois 101.80% 39 Georgia 92.90%
    13 Wyoming 101.70% 40 Idaho 92.80%
    14 Michigan 101.30% 41 Alabama 92.60%
    15 Hawaii 101.00% 42 Maryland 92.50%
    16 Ohio 99.80% 43 Oklahoma 92.50%
    17 South Dakota 99.40% 44 Colorado 92.20%
    18 West Virginia 99.40% 45 Mississippi 92.00%
    19 Montana 99.30% 46 Arkansas 91.70%
    20 Missouri 99.10% 47 North Carolina 91.60%
    21 Indiana 98.60% 48 South Carolina 90.90%
    22 Washington 98.30% 49 Nebraska 90.80%
    23 New Jersey 97.90% 50 Texas 89.40%
    24 California – South 97.80% 51 Arizona 88.60%
    25 North Dakota 97.80% 52 Utah 87.60%
    26 Kentucky 97.10% 53 New Mexico 83.20%
    27 Maine 96.10%
    On average, and across all sizes, 3-wheel compactors cost $4,867.39 to own per month, $1,363.26 to own per week, $341.74 to own per day, and $51.39 to own per hour. An Alaska regional adjustment can increase these ownership rates by as much as 134.60%, raising the monthly ownership rate to $6,551.51. On the flip side, New Mexico, the least expensive state, lowers these rates by 83.20% to $4,049.67.

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