Keeping costs low is at the top of everybody's mind - especially with Christmas on the horizon. But one cost you might not have factored into your monthly budget is the running expenses of your home office.
In 2021 we conducted research into these hidden costs and analysed how this may impact our choice of working location. What we found was that when the energy price cap was increased in October 2021, the average cost of working from home – the cost of running essential appliances five days a week - had increased to £90.64 per month, or £1,087.68 per year, from £89.16 per month (£1,069.92 per year) in 2020.
In comparison, average full-time office workers were spending just £64 a month commuting. Overall, swapping the convenience of the home office for the actual office was offering an estimated saving of £27 per month.