Huffpost Business

Half Of NYC UberX Drivers Make More Than $90,000, Uber Claims

Posted: Updated:
Print Article
UBERX
WASHINGTON, DC - APR 4: UberX driver, Michael Belet, checks the Uber customer app to see where other Uber drivers are working so he can determine where the best place for him to get fares might be, April 7, 2014, in Washington, DC. Thousands of local car owners have signed up in recent months to drive with one of the 'ride-share' operators that use smartphone apps to link people needing rides with car owners willing to give them, for a price. (Photo by Evelyn Hockstein/For The Washington Post v | The Washington Post via Getty Images

An UberX driver in New York City can make a staggering three times as much as a regular taxi driver, the company claims.

Uber now says the median income of New York City UberX drivers is nearly $91,000 a year. In San Francisco, that number is over $74,000.

Meanwhile, the median income of a typical cabbie in the United States is around $30,000 a year.

The company did not release salary information for all cities in which Uber operates, but said high salaries are luring thousands of drivers to sign up to work with the taxi-hailing app. According to a statement released Tuesday, the company creates 20,000 jobs every month.

“New people are flocking to Uber in part due to the money that they can make and due to the flexibility you have, basically being able to decide when you want and where you want to work,” Rachel Holt, Uber’s regional general manager for the East, told The Washington Post.

An ECOnorthwest study, commissioned by Uber, found that Uber now has a $2.8 billion annual impact on the United States economy.

The Uber app connects drivers with people looking for a ride, with Uber taking a 20 percent cut of the fare. For drivers, that's still a cheaper option than having to pay the city for an expensive taxi medallion. Medallions in New York, which operate as a taxi driver permit, can now cost around $1 million.

Uber drivers also have less downtime. The app enables them to go from fare to fare, which means more profit. Traditional cab drivers often have to scour the streets for a fare, or depend on dispatchers.

UberX is the cheapest option offered by the taxi-hailing app. Its drivers use their own cars, as opposed to yellow or green cabs, or black towncars.

Although all UberX drivers have to go through extensive local, state, and federal background checks before they're allowed to start picking up fares, a report last month found that some of the background checks were faulty. The report found that the company had approved applications from people with criminal backgrounds, including arrests for assault and driving under the influence.

Around the Web

Hearing near on regulations for UberX, Lyft

Uber, UberX Want to Be Jersey Shore's Designated Driver

Colorado expected to pass the first state law regulating uberX and Lyft

Uber's remarkable growth could end the era of poorly paid cab drivers

Arlington Cab Drivers Rally Against UberX

Faulty Background Checks May Put UberX Passengers at Risk, Report Says

UberX, Lyft drivers risk tickets in Columbus

uberX, Where (Almost) Anyone Can Be A Livery Driver

UberX Drivers Protest Outside Uber Headquarters

Life as an Uber Driver: It's Just Not Fare - Huffington Post

Here's How Much Uber, One Of Silicon Valley's ... - Business Insider

Salary, Risks, and Costs of Driving for UberX and Lyft | Running For ...

What Is It Like To Drive For Uber? - Forbes

Uber Says Its Drivers Are Making $75000 - $90000 A Year

Uber driver weighs in on compensation