My commute is about an hour a day.
There are many ways to turn this into productive time. Think. Listen to audiobooks/podcasts. Run through a few key work phone calls. Catch up with friends.
I really enjoy my commute.
I'll also point out that while that's theoretically $3660/mo if you aren't productive throughout any of the drive, that's not actually something many people can convert into cash. Many people spend time during the day with various items to unwind or provide a mental break from work. Working more is not always a goal. I don't want all my time to be spent working or sleeping.
You also have to account for where you spend your down time. I chose to live near friends and family in a place I can raise my kids. If I didn't live where I do, I'd be driving out here on the weekend and maybe once a week.
In addition, if you're living in town with kids and you want a quality education, you might be able to bill more $ a month (presuming you're building a business where you're selling your time, which I'm not and I don't want to do), but you're going to spend more money on a quality education or a house.
Everyone has different circumstances. My math works out for me. It might not for you.