2024 Hyundai Ioniq 5: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Hyundai Ioniq 5 costs $51,750 to own over 5 years, or $863/month. The biggest expenses are depreciation ($23,408) and insurance ($15,780).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$51,750
$863/month • $1/mile
Cost Breakdown
Depreciation$23,408 (45%)
Insurance$15,780 (30%)
Fuel/Energy$2,762 (5%)
Maintenance$2,360 (5%)
Financing$7,080 (14%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $9,196 | $3,156 | $552 | $472 | $13,376 |
| Year 2 | $3,553 | $3,156 | $552 | $472 | $7,733 |
| Year 3 | $3,553 | $3,156 | $552 | $472 | $7,733 |
| Year 4 | $3,553 | $3,156 | $552 | $472 | $7,733 |
| Year 5 | $3,553 | $3,156 | $552 | $472 | $7,733 |
Key Facts
1-Year Depreciation
22% ($9,196)
5-Year Depreciation
56% ($23,408)
Annual Repair Cost
$748
Annual Maintenance
$472
These are estimates based on state averages. Your exact rate depends on your specific profile.
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