Let's say your time is worth $75/hour. Not having to commute is worth 1.5 hours per day. Call it $110/day. Lunch/snack savings per day = $10/day. Gas/car wear savings = $10/day.

$140/day * 200 days per year = $28k.

The way it can be seriously beneficial is you can live/move to somewhere really cheap and still get paid big-city rates.

I knew a guy living on his own small ranch in the middle of nowhere making $150k/year. Living far better than the guy making $300k/year in Manhattan.