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Calcimator

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

Monthly Net Savings$210.07
Monthly Gross Savings$310.07
Annual Hours Saved156
Value of Time Saved$5,468.00
Monthly Hours Saved13
How to Use This Calculator
  1. Enter remote days per week and one-way commute distance in miles.
  2. Set gas price, vehicle MPG, monthly parking cost, and daily meal savings on remote days.
  3. Enter monthly work wardrobe spending and monthly home office cost.
  4. 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 WeekAnnual Net SavingsTotal 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

  1. Identify Input Parameters
    4 parameters
    Remote Days per Week = 3, One-Way Commute (miles) = 15, Gas Price ($/gallon) = 3.5, Vehicle MPG = 28 = 11 input(s) provided
  2. Calculate Annual Net Savings
    Annual Net Savings = monthlyNetSavings * 12
    2521 = $2,521
  3. Calculate Total Annual Value
    Total Annual Value = annualNetSavings + annualTimeValue
    7989 = $7,989
  4. Calculate Monthly Net Savings
    Monthly Net Savings = monthlyGrossSavings - monthlyHomeOfficeExpense
    210.07 = $210.07
  5. Calculate Monthly Gross Savings
    Monthly Gross Savings = monthlyGasSavings + monthlyParkingSavings + monthlyTransitSavings + monthlyMe...
    310.07 = $310.07

Engine last updated .

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