Wednesday, October 19, 2011

Streetsblog.net » The $125,000 Commute: Not as Uncommon as You’d Think

That suburban dream home comes with a hidden cost: $125,000 in transportation costs each decade. Photo: Flickr, Remodeleze
Streetsblog.net » The $125,000 Commute: Not as Uncommon as You’d Think: "Well, wonder no more. A personal finance blogger who goes by the name Mr. Money Mustache has done the math. Calculating at the federal reimbursement rate of 51 cents per mile, a car commute can get pricey fast. In fact, a 19-mile SOV car commute translates into $75,000 in costs for that commuter over 10 years, plus about 1.3 years of work time wasted in traffic. For a two-car household driving financed cars, that’s $125,000 and almost 3 years of potential working time wasted every decade."

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