Research Design Connection: The Cost of Commuting
Anyone siting a new office – or homes for people working in that office – will be interested in research conducted by FiveThirtyEight. Bialik reports that the group probed, via data obtained from StreetEasy, a real estate listing service, how much people are “willing to pay to shave a minute off [their] commute. For New Yorkers, the answer appears to be around $56 per month. That’s how much more New Yorkers pay in rent, on average, for a one-bedroom apartment that’s a minute closer by subway to Manhattan’s main business districts…The higher rents show how much New Yorkers are willing to pay for convenience – and how those who can’t afford to live close to jobs are getting pushed to the edges of the city and must spend more of their time on the subway, leaving less time for leisure and sleep.” In addition, “Places with short commutes are …
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