Telework Calculator
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.
Vehicle Info
Commute Info
Infographic: Working from home could save you big time
Methodology
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.
Expert Opinions
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Janet Lenaghan
Associate Professor of Management, Entrepreneurship, and General Business at Hofstra University
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Dov Cohen
Professor of Psychology, University of Illinois at Urban-Champaign
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Martha Martinez-Firestone
Associate Professor of Sociology, College of Liberal Arts and Social Sciences, DePaul University
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Paul Spector
Professor of Organizational Psychology, University of South Florida
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Bart L. Weathington
UC Foundation Professor of Psychology, University of Tennessee at Chattanooga
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Lotte Bailyn
Professor of Management, MIT Sloan School of Management
Janet Lenaghan
Dov Cohen
Martha Martinez-Firestone
Paul Spector
Bart L. Weathington
Lotte Bailyn