Could Free Commutes Bring Remote Workers Back?

By: Anneken Tappe · April 09, 2024 · Reading Time: 2 minutes

For the many challenges the pandemic brought, it revolutionized white collar work in adding the option of remote work. Hybrid schedules allow workers to cut down on overall commute time, effectively giving back time in the day. So now that companies want people back in the office, both the time and cost tied to commuting are leaving workers disgruntled.

Commuting Costs

Whether it’s paying for the train, the subway, the bus, or gas for your car, commuting costs money. On average, commuting costs Americans $5,748.05 per year, according to the Chamber of Commerce . Some cities are well above the nationwide average though: In San Francisco, commuting costs as much as $12,650.66 per year on average, in part due to sitting in bad traffic.

Even though some employers offer ways to help pay for these costs, they factor into people’s calculations when it comes to returning to the office. In addition to the financial cost, long commutes can affect overall wellbeing, and add stress.

More than eight out of ten workers say if their employers paid for their commute, they would be more encouraged to return to the office, according to a survey by staffing company Ringover.

Whether this is changing the way companies look at benefits remains to be seen. The pandemic had a massive impact on American office workers, so more change is not inconceivable.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

Communication of SoFi Wealth LLC an SEC Registered Investment Advisor

SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

TLS 1.2 Encrypted
Equal Housing Lender