Remote Work Cost Savings Calculator
Employer and employee savings from remote work policy.
Inputs
Results
Annual Net Savings
$2,521.00
≈ 19 pairs of sneakers
Total Annual Value
$7,989.00
≈ 8 smartphones
How to Use This Calculator
- Enter remote days per week and one-way commute distance in miles.
- Set gas price, vehicle MPG, monthly parking cost, and daily meal savings on remote days.
- Enter monthly work wardrobe spending and monthly home office cost.
- Review Annual Net Savings and time saved per year to understand the full value of remote work.
How the result changes with Remote Days per Week
| Remote Days per Week | Annual Net Savings | Total Annual Value |
|---|---|---|
| 0.5 | -$580.00 | $332.00 |
| 1.75 | $970.00 | $4,160.00 |
| 3.25 | $2,831.00 | $8,755.00 |
| 4.5 | $4,381.00 | $12,584.00 |
What each input means
- Remote Days per Week
- How many days per week you work from home.
- One-Way Commute (miles)
- Miles driven one way to the office.
- Gas Price ($/gallon)
- Current price per gallon of gas.
- Vehicle MPG
- Your vehicle's fuel efficiency.
- Monthly Parking ($)
- Monthly parking cost at work.
- Monthly Transit Pass ($)
- Monthly public transit cost (if applicable instead of driving).
- Daily Meal Savings ($)
- Amount saved per remote day by eating at home vs. buying lunch.
- Monthly Work Wardrobe ($)
- Monthly spend on professional clothing and dry cleaning.
- Home Office Monthly Cost ($)
- Extra electricity, internet, supplies for working from home.
- Commute Time One-Way (min)
- Minutes spent commuting one direction.
- Your Hourly Rate ($)
- Your effective hourly rate (to value time saved).
What each result means
- Annual Net Savings
- Money saved per year after subtracting home office costs.
- Monthly Net Savings
- Net monthly savings from remote work.
- Monthly Gross Savings
- Monthly savings before home office costs.
- Annual Hours Saved
- Hours of commute time reclaimed per year.
- Value of Time Saved
- Monetary value of commute time saved, at your hourly rate.
- Total Annual Value
- Combined dollar savings plus value of time recovered.
- Monthly Hours Saved
- Hours of commute time reclaimed per month.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersRemote Days per Week = 3, One-Way Commute (miles) = 15, Gas Price ($/gallon) = 3.5, Vehicle MPG = 28 = 11 input(s) provided
- Calculate Annual Net SavingsAnnual Net Savings = monthlyNetSavings * 122521 = $2,521
- Calculate Total Annual ValueTotal Annual Value = annualNetSavings + annualTimeValue7989 = $7,989
- Calculate Monthly Net SavingsMonthly Net Savings = monthlyGrossSavings - monthlyHomeOfficeExpense210.07 = $210.07
- Calculate Monthly Gross SavingsMonthly Gross Savings = monthlyGasSavings + monthlyParkingSavings + monthlyTransitSavings + monthlyMe...310.07 = $310.07
Engine last updated .
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