Friday, June 17, 2005

Driving costs - will they affect your real estate decisions?

Interesting study ... of the most and least expensive cities to drive. How are gas prices affecting your decision about buying or selling a home?

Sperling's Best Places reports that "We not only looked at the cost of a gallon of regular-grade gasoline in 84 major cities, but also factored in the number of miles driven by daily commuters, plus the effect of rush-hour congestion. What we found was that Atlanta, GA commuters can spend nearly $4,600 annually on gas for a family which includes two daily drivers, earning it the title of the most expensive city for driving."

Congrats Atlanta! How did California cities rate? Well, the Los Angeles-Long Beach-Santa Ana area came in at #10, with an annual expense of $4,091.

To read more, go here. And, the complete list of cities surveyed is here.

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