Calculate how much you save by working from home. Includes commute, food, wardrobe, and hidden costs of remote work.
Bus/train if applicable
Amortized over 4 years
Round trip
$872/month
Worth $8,333 at your rate
| Transportation Savings | $6,825 |
| Food & Coffee Savings | $3,375 |
| Clothing Savings | $1,770 |
| Gross Savings | $11,970 |
| Remote Work Costs | -$1,510 |
| Net Annual Savings | $10,460 |
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Net Savings = (Transport + Food + Clothing Savings) − (Utility + Internet + Office Setup Costs)
Uses IRS mileage rate of $0.67/mile. Food savings assume 70% reduction (you still eat, just cheaper). Time valued at your hourly rate.
Studies show $6,000-$16,000/year depending on commute distance, location, and lifestyle. The median is approximately $12,000/year.
If you're self-employed, yes. W-2 employees generally cannot deduct home office expenses. The simplified deduction is $5/sq ft up to 300 sq ft ($1,500 max).
Transportation (gas, parking, car maintenance) is #1, followed by food (lunch/coffee), work clothing, and childcare flexibility.
Yes — higher utility bills, internet upgrades, home office equipment, and potentially higher grocery bills. These typically total $1,500-3,000/year.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.