Have you ever traveled to work? Even one hour each way irritated me. It's a huge waste of time.
Don't do it unless you get compensated for the time and the transportation, there's no point.
Easy to calculate too.
Let's say your monthly subway/train/bug pass is $100
Let's say your hourly rate is $50/hr. If you spend two hours a day traveling, that's $100/day.
There are roughly 250 work days in a year.
So your opportunity and transportation costs are:
250 * $100 + 12 * $100 = $26,200.
