After an achy day in a coffee shop chair yesterday I spent some time last night looking up co-working again. Nothing new has happened on Co-Working Boston page since I was last there. However the CSMonitor recently ran an article covering Betahouse, a local co-working facility, previous covered in this boston.com article.
After I first posted my name on the Co-working Boston page I got a message from someone near Long Island looking to open up their own co-working facility. The issue in setting a new place up seemed to be finding the price to set. She wondered if I had a price in mind and since I’d been thinking about this already I sent her my formula for deciding what to spend.
I’m a bit of a details dork and this was formula to calculate my average commute costs when I used to drive to work everyday.
Distance: ~ 30 miles from Cambridge to Westford
60 miles round trip / day * $0.505 = $30.30 / day
Working Time: 1777 average hours per year worked according to wikipedia which is 222 working (8 hour) days / year. Really you want number of days driven, not number of days 8 hours were worked but the total usually comes out to be less than the real value and therefore we end up with a conservative estimate.
$30.30 / day * 222 avg working days per year = $6727 / year ( or $561 / month )
Even if I through in the monthly T pass of $59 / month I now get and the fact that I still own the car ( payment + insurance + tickets and taxes) there is a considerable amount of money left which could go towards sharing a nice office space. However since I’m pretty cheap I’d probably opt for the $200 / month deal and be a part timer, after all the coffee shops do have their charm as well.
Title coming from the excellent cow-orker slang term.