Back in the mid 1990s after my wife and I moved to Fairfield County, Connecticut from Manhattan, I noticed the decline in housing prices further from the first express stop in Stamford, CT.
I worked on an updated version of the concept for this weekend’s New York Times Real Estate section: What’s Your Commute Time Worth? They did an amazing job on the graphic.
Tags: Michael Kolomatsky, Metro-North, commuting, Stamford, CT, Grand Central Station
Great infographic! Just goes to show people do value their time and are willing to pay for it.
Ema
That’s a great job on the graphic I wonder what it would look like as a radius overlayed on a map. So often when people relocate they assume that all cities are similar and they are not!
The relationship between commute time and housing price is fascinating and breaking it down even further to price per minute spent commuting is eye-opening. Thanks for sharing!