How much money do NYC taxi drivers make?

Taxi Cab Driver Salary in New York City, NY

	Annual Salary	Hourly Wage
Top Earners	$142,592	$69
75th Percentile	$57,037	$27
Average	$47,335	$23
25th Percentile	$30,712	$15

How does the New York taxi industry work?

Taxicabs are operated by private companies and licensed by the New York City Taxi and Limousine Commission (TLC). Taxicab vehicles, each of which must have a medallion to operate, are driven an average of 180 miles per shift. As of March 14, 2014, there were 51,398 individuals licensed to drive medallion taxicabs.

Are NYC taxi drivers self employed?

No, they’re usually not self employed. Most work for large agencies, because taxi medallions cost hundreds of thousands of dollars. Most drivers pay for the privilege of driving an agency cab.

Do taxi drivers rely on tips?

Transportation Tipping Cab driver: 15 percent to 20 percent tip of the fare. (Find out ahead of time if your cabbie accepts a credit card. If he or she doesn’t, make sure you have enough cash for both fare and tip.)

Is a taxi driver an employee?

California’s new gig work law, which takes effect in January, sought to prod Uber and Lyft to turn their drivers from independent contractors into employees. It could hit the taxi industry instead. Taxi drivers are generally contractors.

What are the pros and cons of being a taxi driver?

Top 10 Being a Taxi Driver Pros & Cons – Summary List

Being a Taxi Driver Pros	Being a Taxi Driver Cons
You always stay up-to-date	Working at nighttime can be exhausting
Taxi drivers can work in their cars	Being a taxi driver can get boring
Protection against extreme conditions	You often have to work on weekends

Why is being a taxi driver stressful?

Being a taxi driver can be incredibly stressful work. Long hours, lack of (bodily) motion, back problems, traffic, fare evasion, passenger threats, and appallingly small tips can take a toll on a person.