flexiblefullpage - default
Currently Reading

Study of Commuter Costs

Advertisement
billboard - default

Study of Commuter Costs


March 4, 2019
A new Bloomberg study of the most expensive commutes in the nation shows that residents of Charles County, Md., and Fauquier and Stafford Counties in Virginia had some of the highest commuting costs.
Photo: Unsplash/Jomar

A new Bloomberg study of the most expensive commutes in the nation shows that residents of Charles County, Md., and Fauquier and Stafford Counties in Virginia had some of the highest commuting costs.

Those in Charles County spent slightly less than an average 20 and a half weeks traveling to and from work in 2017. The analysis revealed that these residents generally have higher incomes than the regional average. Brad Hansen, an economics professor at University of Mary Washington in Fredericksburg, Va., tells Fortune, “They find the jobs in D.C. and Northern Virginia more attractive, largely because of higher income, but they find living in places like Stafford, Fredericksburg and Spotsylvania more attractive because of lower housing prices or they like living in a less urban area.”

The index scored 800+ counties for the highest cost of commuting based on three metrics: the cost of commuting in equivalent dollar amount, the percentage of income this matches, and the percentage of the workforce that leaves before 6:00 a.m. The three metrics are weighted at 70 percent, 20 percent and 10 percent, respectively.The absolute cost of commuting was calculated by converting total commuter hours into a dollar amount based on the average annual income of a full-time employee in the region. The index does not include ancillary costs for transportation and parking.

Read more

Advertisement
leaderboard2 - default

Related Stories

Design

What Gen-Z Buyers Really Want in a Home

The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?

Demographics

Post-Pandemic Trends: Working From Home

A greater share of workers are still working from home than before the pandemic and they're concentrated in the information, professional, and financial services sectors

Demographics

Millennials on Top Again as Largest Homebuying Group

Millennials beat out Boomers as the largest homebuying cohort, according to a recent report, but Boomers remain the largest generation of home sellers

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.