This site calculated that for every mile you live away from work, it costs you $795 / year to drive to work. So, if you’re so inclined, you could pay more to live closer to work and break even in the end. And possibly be happier. Of course, that implies that the place where you work is a desirable one to live near. Very interesting.

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If you live in an urban area and don’t need to drive to commute to work, then car sharing may be for you. Let’s take a look at the costs of both:

Costs of Car Ownership

• Monthly payment: $472
• Monthly insurance: $92
• Monthly gas, given $3 / gallon and 6.6k miles / year: $75
• Monthly maintenance: $42
• Assuming no parking expenses