For a majority of Americans, commuting to work is a necessary — and dreaded — daily routine. The U.S. Department of Transportation’s National Household Travel Survey reveals that the total number of U.S. commuters is at 128.3 billion. Then there’s the latest U.S. Census Bureau data which states that approximately 10.8 million people commute an hour or more to work one way.
Should you move closer to your office?
The financial decision to refrain from relocating has its own repercussions, which can affect your savings account as well as your health and wellbeing. It’s important to understand the benefits and disadvantages of commuting to work versus moving.
Cost of Commuting to Work in U.S.
Here are some factors that are included in commuting cost:
- Gas. AAA reports that the current national average is at $3.654 per gallon for regular unleaded fuel. That can really add up if you have to commute from far away.
- Insurance. The more you’re on the road, the more of a risk you are to auto insurance companies. That means you’ll be charged more for coverage. Why? Simply because a longer commute time means a greater possibility of getting into an accident.
- Vehicle Maintenance. Putting more miles on a car means having to service it more frequently. An oil change can cost around $200, then there’s the other accelerated costs of other part replacements like tires, timing belts, etc.
- Injuries. Prolonged commuting to work can result in deteriorated health, including obesity, fatigue, high blood pressure and a higher risk of heart attacks, according to College@Home.
In addition to these expenses, the cost of commuting includes your time. Spending time on the road to and from work takes away valuable time and consequently takes a toll on your relationships. In fact, 40% of couples are more likely to get a divorce when one partner has a 45 minute or longer commute.
Cost of Moving
Relocating to a new home is significant, and so is the cost of moving. Here’s a breakdown of costs:
- Moving. You’ll need to plan for the cost of moving and packing, so think boxes, tape, U-Haul and dolly rentals, plus a few helping hands as the typical moving expenses.
- Basic Equipment. It’s the daily use items in the home that new movers often take for granted. Such household essentials, like trash cans, dishes and potholders are commonly overlooked.
- Starter Pantry. Everyday kitchen items like cooking oil and salt and pepper are the basics to building a home-cooked meal, but these things cost money that you most likely will need to budget for.
Comparing the costs of moving to the cost of commuting to work doesn’t necessarily make finalizing a decision to move or commute easier, but it gives perspective that you may have not otherwise considered.
If you work in Ventura, you could live in the beautiful two story 3-bedroom plus 3-bathroom home pictured at the top of this blog. This home features travertine, hardwood floors, tile and carpet throughout the home, the interior has been freshly painted, and the master bedroom features its own balcony.
We also represent premier long-term rentals in Hollywood Beach, Silverstrand, Mandalay Shores, Port Hueneme, Oxnard Shores, Seabridge, Westport, Mandalay Bay, Oxnard homes and condos, Ventura Keys, Pier Pont, Faria, Solimar & Rincon BeachPark beaches and Camarillo.
As the County’s premier full-service Property Management, ReMax Gold Coast is here to help you find the perfect rental property near your work so you can finally stop commuting. Please call us at +1 (805) 832-4075.