“

So each mile you live from work steals $795 per year from you in commuting costs. $795 per year will pay the interest on $15,900 of house borrowed at a 5% interest rate. In other words, a logical person should be willing to pay about $15,900 more for a house that is one mile closer to work, and $477,000 more for a house that is 30 miles closer to work. For a double-commuting couple, these numbers are $31,800 and $954,000.

Adapting the numbers for a $7.50 minimum wage earner, each mile of car commuting cuts $1.43 from your workday. If you drive 10 miles to go work a 5-hour shift at the Outback Steakhouse, your effective hourly wage is more like $5 per hour after subtracting car costs and adding drive time.

The True Cost of Commuting | Mr. Money Mustache

via @lessin & msg

(this post was reblogged from msg)

Notes

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    reminds me of an interaction retold to me that basically went like this: client: we want a sustainable building, we’re...
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  13. slavin reblogged this from msg and added:
    Only thing I *don’t* dig about this is the premise that commuting is done by people who are driving, alone, in cars. It...
  14. mattlehrer reblogged this from msg and added:
    @lessin, msg I love stuff like this.
  15. msg posted this