Tips and tricks

How much money is an hour commute worth?

How much money is an hour commute worth?

The average American loses $4,829 from time spent commuting The median salary for US workers in 2019 is roughly $47,372, or $22.78 per hour, assuming a 40-hour workweek for all 52 weeks of the year.

Is Driving 1 hour to work too much?

One hour drive is too long for you. It means you spend two hours to and fro work which will adversely affect your health. The advice is it is better to locate your residence near to the place where you work. Fifteen minutes drive is better for you instead of one hour.

How many people drive an hour work?

Identification. According to ABC News, 220 million Americans average an hour and a half each day in their cars. About 3.3 million people travel at least 50 miles to work one way, according to the Bureau of Transportation Statistics.

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Is it worth living closer to work?

The advantages are clear. If you live closer to work, your commute is shorter. If you can shave 15 minutes off of your commute each way, then that’s another half an hour each day that’s available to you for personal use. If you shave 30 minutes off of your commute, that’s another hour each workday.

How much money can you really make driving for two companies?

Take one week in September, for example: For seven days last month, I kept track of every penny I made driving for both companies and wound up making $257 for less than 14 hours of work — that’s about $19 an hour.

Is it worth it to pay someone to drive for work?

If it’s equally pleasant, it would be worth it if your hourly salary for driving is the same or higher as your hourly salary for working. Let’s say you earn $60K/year or $5K/month.

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Is it worth it to work 20 hours extra a month?

Well, you’ll use one hour extra a day, for a total of 20 hours extra a month. We just established that your hourly salary is $31, so it would have to pay at least 20*$31 = $620 more for it to be worth it.

How much does it cost to drive the extra miles?

Your actual cost to drive the extra miles might be more accurately a marginal cost, which might be closer to $0.35 per mile when you take into account gas, tires, oil, additional maintenance, and additional depreciation – but plan to keep the vehicle for the same length of time (but using it for more miles).