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You probably know how long your daily commute takes — practically to the minute. But what about the price? Putting a dollar figure on your commute may help you make a conscious decision about where you live and work — or how you get between the two. Here’s how.

Include the Incidentals No, you don’t have to hit the Dunkin’ Donuts to power up for that drive, but let’s be realistic. The longer your commute, the more likely you’ll need to grab a bite on the run. Be sure to include any incidental purchases that make up your daily ritual. Also, if your drive involves any tollways, be sure to capture those costs as well.

Did You Know?

8.1 Percentage of workers who describe their commutes as 60 minutes or longer

Tally Up Your Time Time is money — and yours is no exception. A typical 30-minute commute tacks five hours onto your work week. At $25 an hour — the median wage for a suburban commuter — that’s a whopping $125 weekly or, discounting two weeks for vacation, $6,250 a year.

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Go Beyond the Gas: What’s Your Per-Mile Cost? The IRS uses an estimate of $0.56 per mile to capture total driving cost for the average driver. But based on how “average” you are, your personal per-mile cost may vary.

Many calculators can help you factor your real per-mile cost, such as this one from the Massachusetts Department of Transportation.

Some factors include:

Depreciation
(New cars depreciate faster)

Insurance
(Your cost depends on a variety of factors)

Weather
(Severe weather means more wear and tear)

Location
(Insurance varies from place to place)

Mileage
(Green cars can save almost 10¢ a gallon)


Tip
Earn reward checks for good driving with Drivewise®, which may help reduce your per-mile cost.

Price Out Public Transport About 34 million Americans board public transportation every weekday. It’s greener, and often much less expensive. (The American Public Transportation Association estimates that the average household can save $9,242 by using it.) But the same rules apply. Add up the cost of getting to and from your departure and arrival stations, as well as any parking fees.

The bottom line? We all know commuting can be a daily drag, but it also has a quantifiable price tag.

Learn More

Cut your fuel costs with help from the Fuel Rewards Network—you could save 3 cents per gallon every time you fill up at participating Shell stations.