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UK employees spend a fifth of their salary on motoring costs
08 May 2017
Recent research by YourParkingSpace.co.uk has revealed that the average worker spends nearly a fifth of their wages on motoring costs, including car finance, fuel and insurance to enable them to drive to and from work.
With many workers now driving up to 60 minutes or more on their daily commute it’s not surprising the costs are adding up.
The findings reveal that UK workers who travel to work by car reportedly spend around 19.5% of their salary on the journey, with some £362 of the average monthly take home pay being consumed up by car related expenses.
It was found that the biggest expenditure was on car finance, followed by fuel and maintenance costs including MoTs. It also revealed that workers who had to factor in daily parking expenses on top of motoring costs could find their commute costing as much as £465 a month.
Harrison Woods, managing director of YourParkingSpace.co.uk, said: “We know that people are travelling further and spending more than ever to get to work but considering that we primarily go to work to earn money, it’s staggering to realise that the average worker is spending so much of their wages on just getting there each year.”
Harrison added: “I would urge anyone who is trying to cut the cost of their journey to shop around for the best deals on all of their motoring expenses.”
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