The American workforce has become increasingly reliant upon telecommuting over the past decade, as drastically improved communication technology and a globalized economy have struck blows at the foundation of the brick-and-mortar office. But, is telecommuting a good idea for your wallet and/or your business? WalletHub’s Telework Calculator will help you decide. Just input information about your vehicle, your commute and the number of days you wish to work from home in order to discover your personalized work-life balance.
Infographic: Working from home could save you big time
WalletHub calculated “Gas & Car Savings” using the average price of gas in each state as well as state-by-state averages regarding commute distance, number of days commuting and per-mileage vehicle consumption. For car related expenses, we assumed an average of 15,000 miles driven per year.
We calculated “Earnings from Extra Work” using each state’s average hourly wage and treating time saved commuting as extra time spend on the job.
We calculated “Tons of CO2” multiplying the average per-mile CO2 emissions for each type of car by the distance of the user’s commute, taking into account the number of days commuting is required.
All these calculations were carried out for one year. Sources: Data used to create this report is courtesy of the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, the AAA Daily Fuel Gauge Report, CompanyMileage and FuelEconomy.gov.