Commuting ‘costs £50,000 above a career’

A Londoner beginning function at 18 and finishing at 65 could devote as considerably as £66,000 on commuting, survey finds

  Photograph: REUTERS

A career-lengthy commute is likely to set a employee back an typical of £50,000, a new survey has found.

Londoners who start operate at 18 and finish at 65 could commit as much as £66,407 on commuting, the poll by investing support Nutmeg.com suggested.

The everyday expense of commuting to and from London was an average £118 and took a single hour and 14 minutes, unsurprisingly the highest. It equates to more than 13,000 hours commuting in a lifetime.

The regular total was 10,634 hours more than a lifetime of work, the equivalent of 443 days.

Commuting to and from Liverpool price £72 a month and took 42 minutes each and every day, even though these in Glasgow spent £63 a month, or £35,500 in a lifetime, and spend 52 minutes travelling every single day.

Of the commuters surveyed, 20pc explained they did so because it was too pricey to purchase or lease closer to their workplace.

Fifty-1 per cent of Londoners reckoned the price of travel was also high-priced.

Nick Hungerford, chief executive at Nutmeg mentioned: “Travelling to perform is a single of the biggest charges of modern day residing, the two in terms of actual expenditure and the time we invest journeying among the property and the office.

“More than a fifth of individuals we surveyed admitted they wasted the time they spent travelling to and from perform and, with the total lifetime commute in London exceeding £65,000 and 10,000 hours, that is a substantial element of your lifestyle – and your existence cost savings – that you will want to make the most of,” he said.