The average salary for a taxi driver is $22.72 per hour in New York, NY. 3 salaries reported, updated at February 19, 2021.
How much does a TAXI CAB Driver make in New York City, New York? As of May 25, 2022, the average annual pay for a TAXI CAB Driver in New York City is $47,336 a year. Just in case you need a simple salary calculator, that works out to be approximately $22.76 an hour. This is the equivalent of $910/week or $3,945/month.
Along with your application, you must submit an $84 one-year licensing fee and a $75 fingerprinting fee for your criminal background check. You must also provide the TLC with a copy of your state driving record, known as a Certified Abstract, which typically costs about $10 to $15 at your local DMV.
Just four years ago, the cost to purchase a New York City taxi medallion, an essential license needed to operate a yellow cab, hit $1.3 million.
Application RequirementsBe at least 19 years of age.Have a current chauffeur license or New York State class A, B, C, or E issued by the Department of Motor Vehicles, or equivalent from any other state. ... Owe no debts to the Taxi and Limousine Commission, the Department of Motor Vehicles, or the Department of Finance.More items...
As of May 31, 2022, the average annual pay for the Yellow Cab jobs category in New York City is $53,276 a year. Just in case you need a simple salary calculator, that works out to be approximately $25.61 an hour. This is the equivalent of $1,025/week or $4,440/month.
Taxi & private hireApply for a taxi driver licence.Apply for a taxi vehicle licence.Information for fleet owners.Learn the Knowledge of London.Taxi top advertising.Apply for a private hire driver licence.Apply for a private hire vehicle licence.Apply for a private hire operator licence.More items...
The MCTD fee is $1.00 for every 6 months the permit or driver license will be in effect....Driver license renewal fees.Driver License ClassFee+ MCTD FeeD or DJ$64.50$80.50E$112.50$128.50M or MJ$72.50$88.501 more row
After submitting the application, all drivers are required to take a defensive driving course, which is about six hours long and costs $50. You must complete the course within six months of application submission. You must also attend an approved taxi school -- either an 80-hour course or a 24-hour course.
around $100The medallion system regulates the yellow taxis serving New York City: since 1937, each vehicle has needed a medallion in order to legally operate. Few taxi drivers own theirs; most lease them, paying around $100 for one 12-hour shift.
The value of a taxi medallion was more than $1.2 million in 2014, but is now worth about $100,000. The medallions' nosediving worth has sent owners – taxi drivers who thought the medallion was a foothold in the middle class – into financial and mental crises.
The value of medallions soared due to the City's artificial inflation of medallion values to drive up revenue. But since the proliferation of Uber, Lyft, and other rideshare apps beginning in 2011, the medallion value has plummeted. As of September, taxi medallions are a meager $80,000.