Last week the ULI Terwilliger Center for Workforce Housing released a report about the transportation costs in and around San Francisco called the Bay Area Burden. It shows the average Bay Area suburban household spends more than $41,000 a year – nearly 60 percent of their income – on transportation and housing costs alone.
Sixty percent! Gah! Get out of the suburbs, and fast! The simple savings equation? Living in the city = less time and money spent on transportation. (SF residents: calculate your costs here. Others can calculate individual environmental footprint here.)
So, while the cost to live in the city might seem more expensive on the front end due to more expensive rent, you may actually be saving money if you calculate the value of your time and vehicle transportation costs.
The Front Steps spells it out...