3.0
November 8, 2011

The Cost of your Commute: a thought-provoking graphic shows how much your car costs you in time & money.

Click image to enlarge:

Liz Benson:

The assumption they are using is if two people each drive 30 miles each way to work and value their time at $25/hour, then they could take the cost of their commutes in money and time (valued at $25/hr) and spend that money on their mortgag…e payment to live closer to work. That couple could borrow an additional $900k and their annual payment on that debt would be about the same as their annual commuting cost. Does that make sense?
Read 9 Comments and Reply
X

Read 9 comments and reply

Reply to KateBartolotta cancel

Top Contributors Latest

Liz Benson  |  Contribution: 6,280