New Data Shows That Those Who Work from Home Make More Than Commuters
Recent research suggests going remote is more lucrative than you might've thought.
There's still a widespread perception that working from home is less lucrative than a traditional office job, something that only an aspiring novelist or budding entrepreneur who's struggling to pay the rent would do. But in reality, that's not the case—at least, not anymore. As first reported Bloomberg, new Census Bureau data shows that the average salary of people who worked from home in 2018 was $42,400, which is approximately $2,000 more than those who commuted into offices via public transportation or by car.
Since this amount far exceeds the median earnings of those who took a cab or bike to work ($30,400) or walked ($21,800), that means that people who work from home are now the highest earners in the country on average. And that's a huge cultural shift.
Thanks to modern technology, more and more companies are offering the option to work from home as one of their perks. According to the recent data from the Census Bureau, the number of people who reported working remotely has risen from 5.9 million to 8.3 million in the last decade. And given that the remote work trend is more prominent among those in professions that require more education and provide a salary of $75,000 or more—like tech, for example—it's likely that the public perception on working from home will increasingly be viewed as an indicator of a certain amount of professional and financial success, instead of being something that's looked down upon.
And the good news continues for folks who can work from home: Owl Labs' 2019 State of Remote Work study showed that remote workers report feeling happier, more productive, and less stressed than those who commute into the office. In today's day and age, in which it can feel like it's impossible to ever fully unplug from work, it makes sense that the ability to at least be in the same room with your kids or your spouse can help improve that precarious work-life balance.
So, if you feel like you're suffering from burnout and the long hours that today's work culture demands, you might want to consider talking to your boss about the possibility of working remotely. It could mean more money and more happiness! And for more on how your commute affects your life, check out New Study Says Workers Over 35 Who Do This Are More Productive and Happier.
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