North Carolina’s transit systems provide over 72.4 million passenger trips annually, benefiting both the state’s transit customers and the overall economy. In the absence of transit, customers would be required to travel using other (often more-costly) modes, or forego their intended trip altogether. This study estimates the benefits transit provides to its customers and to the state’s economy. These benefits are detailed as transportation cost savings (benefits realized by traveling via transit instead of by alternative modes), affordable mobility benefits (benefits derived from trips that would be foregone in the absence of transit), and expenditure-related economic contribution (benefits to the state’s economy resulting from expenditures related to transit operations).