Much anticipated MBTA fare hikes will kick in Tuesday, July 1.

Prices will increase an average of 5 percent, with single bus and subway trips costing 10 cents extra for adults and 5 cents extra for students and seniors. A monthly LinkPass and commuter rail pass will each cost $5 more.

Here’s the what MBTA fares will look like July 1:

In March, the MassDOT Finance Committee first proposed fare hikes in the range of 4 to 7 percent, with eyes set on a compromise of 5 percent. The Finance Committee’s proposal came just days before the launch of the T’s late night service pilot-program.

MassDOT’s board of directors approved the 5 percent fare hike on May 14, marking the second time in three years T-riders have been slapped with higher prices. On July 1, 2012, MBTA fares increased an average of 23 percent.

Officials believe this latest round of fare increases could generate in the range of $20 to $24 million in added revenue for the, um, financially insecure transit authority.

Creative Commons/Flickr image; Fare pricing table via MBTA Transit Police