You know that waiting to get to work (or home) drives you nuts, but did you realize how much it’s costing you?
According to the 2010 Urban Mobility Report released Thursday by the Texas Transportation Institute at Texas A&M University, calculating the “congestion cost” for consumers — the value of the time delayed, at $16 an hour per person and $106 an hour for lost truck time, plus the cost of excess fuel consumption — finds that some consumers are paying more than $1,700 a year to get to and from work.
Here are the Top five cities by congestion cost:
1. Chicago $1,738
2. Washington, D.C. $1,555
3. Los Angeles, Long Beach, Santa Ana, Calif. $1,464
4. Houston $1,322
5. Baltimore $1,218
Economic Recovery Bringing Renewed Congestion Growth (Texas A&M University)