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Remote work has helped change patterns of internal migration: remote workers have moved to less expensive regions and cities at rates 40% to 50% higher than those of daily commuters, while working from home has settled at twice its pre-COVID-19 pandemic level. This shift can reduce housing and commuting costs. Estimates suggest that U.S. companies could save up to $11,000 per employee each year, and that working from home three days a week saves about 10% of work and commuting time and may be associated with an approximately 8% increase in productivity and pay. Major cities have not been emptied of residents, but migration has redistributed them and pushed up prices in some lower-cost destinations. Experts advise putting the savings toward an emergency fund, paying down high-interest debt, and then saving and investing.
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