View full article: Real cost of your Calgary commute (Article) 

View full article: Real cost of your Calgary commute (Article) 

Real Cost of your Commute Average one-way commute from Calgary to Downtown area is 27 kilometers

On average it takes around 45 minutes each way.

Canada Revenue Agency estimates the total cost of driving to be 53 cents per kilometer. 27+27 kilometres x 53 Cents = $28.62/Day Add one trip to a store & make that an even $30/day

Watch what happens in 10 years

Money Factor: 

$30/day x 252 work days x 10 years x 2 cars = $151,200

Most 30 year old couples today, 10 years into adulthood, don’t even have $151,000 in net worth. And they probably drive around quite a bit in expensive financed cars, mostly as part of self-imposed commute.

Time Factor: 

90min/day x 10 years = 1.8 Work Years

You can use this time to graduate from college, get MBA or sleep in and enjoy life.

Opportunity Cost: 

Each kilometer you live away from work costs you $534 a year.

$534 per year pays the mortgage payment on $8900 at 5% interest rate.

You can afford to spend the extra $240,300 on a home 27 km closer to your work.

 

View full article: Real cost of your Calgary commute (Article)