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What is the true cost of commuting?
On average, a commuter will spend anywhere from $2,000 to $5,000 per year on commuting expenses and travel between 5 and 13 miles for work.
How do you cut commuting costs?
Here are his recommendations:
- Avoid left turns, which waste gas while you idle and wait to turn across traffic.
- Maintain your car.
- Reduce weight in the car.
- Avoid rush-hour traffic.
- If both spouses drive to work in separate cars, use the more fuel-efficient one for the longest commute.
What are the additional costs of commuting?
Overall, the average cost of driving your car is about 60 cents per mile. That means that every additional mile you commute will cost you an extra $300 per year – which adds up quick!
How much does commuting cost the average American?
$15,065. Across the U.S., the average roundtrip commute for those living and working in major metros is about 52 minutes each day, according to data from the Census Bureau’s 2019 American Community Survey.
What is the cheapest way to commute in London?
London travel hacks: Cheaper ways of travelling around London
- Oyster card. The cheapest way to travel is with an Oyster card.
- Hours of travel. Planning your day in advance can also help you to save money.
- Hopper fare.
- Walk and cycle.
- 16-25 railcard.
- Skip the express.
How can I save money on train commute?
Save Money on Train Tickets
- Use Railcards. Railcards can save you as much as a 1/3 on travel costs and there is a wide range of them available.
- Buy an Annual Travel Card.
- Split ticketing.
- Travel Loan.
- Book in Advance.
- Avoid Peak Times.
- Don’t Pay for the Extras.
What is a normal commute time?
In 2019, the average one-way commute in the United States increased to a new high of 27.6 minutes. In 2006, the average travel time for the nation was 25.0 minutes. The increase of about 2.6 minutes between 2006 and 2019 represents an increase of about 10\% over 14 years.
How much does it cost to commute to work every day?
As previously mentioned, the median household income in 2017 was $61,372. Using that average, the typical U.S. worker makes $29.50 per hour. So, those 346 hours you spend commuting would cost you $10,207 every year. Since most households have two people that drive to work every day, you’re losing $20,414 in cash every year by driving to work.
Can I change the hard costs of commuting?
Of course, your mileage may vary. While you probably can’t change the hard costs of commuting unless you move or find a ride share, it’s the soft costs that may most affect your well-being the most. Here are a few variables to consider when thinking about the ‘soft’ costs of commuting.
What are the pros and cons of using a commute?
And it gives you more time to work, read or relax during your commute. Commuting puts more pressure on your community and environment by increasing pollution, wear and tear on roads, congestion and the risk of a crash.
How much does it really cost to commute gas?
From there, it’s a simple matter to take your salary and factor in hard commuting costs, like gasoline (see a good guide here) – according to Salary.com, “… the average employee incurs an annual “commuting gas” cost of $1,483 per year. This represents 3.6 percent of the national average annual salary, which is $40,690.”