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Uber Drivers Earn $6 Per Hour More Than Taxi Drivers

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Mark Melin
Published on
Updated on
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Not only is the livery service Uber less expensive than a traditional taxi in most markets during most time periods, but their drivers also earn more money, a recent study indicates.

The Uber-commissioned study, released Thursday, shows that, on average, their drivers earn $6 per hour more than taxi drivers and chauffeurs.

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Gap between Uber drivers and taxis occurs

The biggest gap between Uber drivers and taxis occurs in New York City, where drivers earned an average of $30.34 per hour vs. $15.17 per hour for taxi drivers and chauffeurs. In San Francisco the difference was $10 per hour and in Chicago it was only $4 per hour, according to a

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.