According to a recent study, a good percentage of IT Workers would be happy to telecommute, even if it meant a pay cut of up to10%:

Nearly 40% of U.S. information technology workers would accept a reduced salary to have the ability to telecommute, a Dice Holding survey revealed Tuesday.

In a poll of more than 1,500 IT workers, 37% of respondents said they would be willing to take “slightly less” pay to telecommute full time. The survey defined “slightly less” as up to a 10% reduction in salary.

The article does mention that workers can save some costs at the gas pump — but there are a lot more savings from telecommuting too. Workers who commute have to pay not just for gas or bus fees, but also for parking, the cost of lunch from eating out often, and the time they spend in the commute. In the end, the amount that workers might save by telecommuting might make up for the potential pay cut.

Of course, there are other costs to working remotely — getting a good business phone line and Internet connection, setting up a home office that you can stand to sit in all day and the costs of coffee for renting a table at your local coffee shop. But those are certainly worthwhile for the convenience and flexibility of working remotely.