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Costs of commuting compared with costs of weekday lettings

| Help, Monday to Friday | October 24, 2012

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
Saving £2820
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
Saving £698
Oxford to Croydon car
Petrol costs 160 miles/day £11100 Rental £6000
Return drive each week £3840
Total cost £11100 Total cost £9840
Saving £1260

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