Weekday lodgings are increasingly popular with people working away from home or as an alternative to a lengthy commute. So how do the actual costs of commuting compare with a weekday letting? Below we’ve worked out the comparative costs for two relatively common long distance commutes: Bristol to London and Norwich to London.
For the rail comparison, to make the comparisons conservative (ie favour commuting rather than renting), we’ve assumed the work place is within walking distance of the London terminus station. We’ve also assumed that a room costs £500/month, there is a huge range of rooms and prices, including many rooms available at this price. Finally we’ve assumed that the commuter has a five mile drive to the station at the home end, so they are paying for five return trips to the station when commuting and only one return trip when weekday renting.
For the car comparison, we’ve assumed the cost per mile is 40p/mile up to 10,000 miles and 25p/mile thereafter.
|Commuting||Annual costs||Monday to Friday rental||Annual costs|
|Bristol to London rail|
|Rail season ticket||£9192||Rental||£6000|
|Car park||£1020||Return train fares each week||£2160|
|Driving to station Bristol||£960||Driving to station each week||£192|
|Total cost||£11172||Total cost||£8352|
|Norwich to London rail|
|Rail season ticket||£6240||Rental||£6000|
|Car park||£1680||Return train fares each week||£1920|
|Driving to station Norwich||£960||Driving to station each week||£192|
|Total cost||£8880||Total cost||£8112|
|Oxford to Croydon car|
|Petrol costs 160 miles/day||£11100||Rental||£6000|
|Return drive each week||£3840|
|Total cost||£11100||Total cost||£9840|