When we set our clocks ahead tonight, will we be setting back the Seattle-Tacoma area by millions of dollars? Yes, according to a new study. The Lost-Hour Economic Index, devised by Chmura Economics & Analytics for SleepBetter.org, indicates that daylight saving time costs our region $4.2 million, or about $1.20 per person.
While “saving” is right there in the name of daylight saving time, a growing body of evidence suggests that setting our clocks ahead actually comes at a heavy cost. For example, studies have concluded that the loss of sleep and disruption of our internal “body clock” associated with DST causes a spike in automobile accidents and heart attacks. Other costs include an increase in workplace accidents and “cyberloafing.”
This down side of DST costs the nation an estimated $1.7 billion, according to Chmura Economics & Analytics. The firm also analyzed the data for 360 metropolitan areas to calculate the per capita cost of the lost hour to each area. And if there is good news in all this, it would be that Seattle-Tacoma ranks as having the 8th lowest costs in the United States. The $1.20 that DST is costing you is 27 percent below the national average. Provo, Utah, is the metro area with the lowest per capita cost, at just 96 cents, while the highest is Morgantown, West Virginia, at $3.38.
Metro Areas With Lowest Per Capita DST “Lost Hour” Costs
|RANK||METRO AREA||TOTAL DST COST||2010 POPULATION||PER CAPITA COST|
|2||Fort Collins-Loveland, CO||$340,812||299,630||$1.11871|
|3||Santa Fe, NM||$164,210||144,170||$1.12025|
|4||St. George, UT||$165,901||138,115||$1.1814|