This 30-year-old commutes 4 hours and 130 miles to work every day so he doesn't have to pay $4,500-a-month San Francisco rent. (via CNBCMakeIt)
"These same three cities," the report continues, "contain 80 percent of the ZIP codes where the median home price was $1 million or more." And so, "while many higher-paid, highly educated workers can afford to live in these cities, other workers are priced out due to high demand and restrictive zoning regulations that lead to a lack of new housing."
Nationwide, one in 36 commuters travel 90-plus minutes to work each day, the report finds. And while that number may seem small, Bennet says it's growing: In 2005, there were 3.1 million super-commuters, or about 2.4 percent of all commuters. In 2016, there were 4 million, or almost 3 percent of the total.
Of the top 10 cities with the largest share of super-commuters, five are in California, and San Francisco ranks No. 6. The trend reaches to the East Coast, too: "We see people coming from all over New York, New Jersey and even Pennsylvania to have somewhere they can afford to live and have the job they want," Bennet tells CNBC Make It.
For some, "the commute is the right trade-off for their lifestyles. So, maybe they don't want to live in an urban city, but that's where the jobs are, and so they make that sacrifice to live where they want to live."Housing prices, especially in superstar cities, could continue to rise. Home values in San Franciscoover the past year, reports Zillow, and are predicted to rise another 8 percent within the next year.
Bennet says building more affordable homes and more public transportation could ease the burden for many commuters. Some businesses and policymakers are
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