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you could save thousands of dollars a year just by living closer to your work letamp;#39;s say you live 20 miles away from your work both ways thatamp;#39;s 40 miles and if youamp;#39;re going five days a week thatamp;#39;s 200 miles a week letamp;#39;s say you take two weeks off a year so thereamp;#39;s 50 weeks in the year 50 times 200 is 10 000 miles a year youamp;#39;re driving just to commute to work so most of you think that that would just cost you your gas and you forget to add in the depreciation and maintenance of your vehicle the IRS estimates the average cost of driving a car at about 65 cents a mile normally the IRS estimates are pretty conservative and so you could assume letamp;#39;s say 70 to 80 cents a mile if you have a newer car to pay that eight thousand dollars a year you have to earn more than that because you have to pay income tax if youamp;#39;re in a 30 incremental tax rate youamp;#39;d have to make about twelve thousand dollars a year just to pay fo