WebThe first and most obvious cost of car commuting is the financial burden of car ownership and use to the individual driver. Purchasing a car alone is an enormous upfront cost- the average down payment on a new car in 2024 is $6,000, with monthly payments over $600 a month. Add to that depreciation, loan interest, vehicle maintenance, and fuel ... WebFeb 6, 2024 · 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 …
The costs of commuting (a comparison) - Ben Durham
WebDepreciation: Depreciation is based on the diff erence between new-vehicle purchase price and estimated trade-in value at the end of five years and 75,000 miles. Finance: Costs are based on a five-year loan, with 10 percent down, at the national average interest rate for five credit rating categories weighted by market share. WebFeb 3, 2024 · Time Is Money: The True Cost of Commuting Commuting time continues to grow, in effect reducing wages by more than 10%. Why you can trust us By Tracy Matsue Loeffelholz < 1 MIN READ Feb 3, 2024 Tracy Matsue Loeffelholz is the former creative director at YES!, where she directed artistic and visual components of YES! slump of cement
Cost of Commuting Calculator - CommuterPage
WebOct 6, 2011 · 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 … WebA) $12 per hour; 5 hours B) $8 per hour; 20 hours. C) 10 per hour; 10 hours D) $5 per hour; 10 hours. C. 13) If the opportunity cost of time is $20 per hour, and an individual spends 20 hours in commuting. every month, his opportunity cost of commute is: A) $400 per month. B) $1 per month. C) $200 per month. WebMar 24, 2024 · The average commute costs $0.34 per mile, which includes depreciation, gas, oil, maintenance and tires. If you commute for 250 days a year, that amounts to $170 … solar flights facebook