Taxi Cab Driver Salary

Average Taxi Cab Driver Base Salary in the United States

Average Base Salary

$60,339 Per Year

Salary Range: $39,792 to $191,112

Taxi Cab Driver Salary

$39,792

10%

$45,212

25% 

$ 60,339

AVERAGE

$144,547

75%  

$191,112

90%  

How Much Does a Taxi Cab Driver Make Per Year in the United States?

The national average salary for a  Taxi Cab Driver is $60,339 per year in the United States. It can vary depending on the employer and the skills required for that position, but generally, it will be about $60,339 or more annually for a gross salary. Taxes impact salaries, so to get the net salary we’ve crunched the data and gotten the tax information on what the take-home pay would be after the effective income tax rates. 

Technology Used

Microsoft Excel – Spreadsheet software

Facebook – Web page creation and editing software

Actsoft Comet Tracker – Data base user interface and query software

Digital Dispatch – Mobile location based services software

TSS Wireless Fleet Management Suite – Mobile location based services software

Piccolo Software PiccoloTaxi – Mobile location based services software

PC Dispatch – Mobile location based services software

Mobile Knowledge Cabmate – Mobile location based services software

Knowledge and Expertise

Soft Skills

What is the salary range of a Taxi Cab Driver?

Taxi Cab Driver salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $60,339 but a Taxi Cab Driver can earn a base salary anywhere from $39,792 to $191,112 per year with some companies paying more than others.

Pay ranges on average for a Taxi Cab Driver job title only vary a good amount, which may mean that there are many opportunities to earn more income in the future regardless of the employers or your location, industry, and experience.

A salary range that varies also means there is ability to move up within the company, as there may be as many opportunities for advancement or to change your job title. This opportunity for  advancement can help with can increase their job satisfaction and motivation.

What are the Highest Salaries for a Taxi Cab Driver?

The highest Taxi Cab Driver salaries in the top 10% earn more than $191,112 per year. The salary range for the top 75% – 90% is between and $144,547 and $191,112 annually.

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What are the Lowest Salaries for a Taxi Cab Driver?

The lowest Taxi Cab Driver salaries are in the bottom 10% of earners who make less than $39,792 per year. The salary range for the lowest 10% – 25% is between $39,792 and $45,212 annually.   

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What is a Good Salary for a Taxi Cab Driver?

If we only look at the data for Taxi Cab Driver salaries and we don’t compare it to any other jobs, a good salary for a Taxi Cab Driver job would be over $60,339 per year. This is the average salary for this position in the United States. An excellent pay for a Taxi Cab Driver would be anything over the top 75%, which is $144,547 annually.

How Can I Increase My Salary as a Taxi Cab Driver?

There are a few ways you can increase your average salary for a profession as a Taxi Cab Driver. One way is to get promoted to a higher level and take on more duties within your employer. Another way is to gain more experience and skills in your career. You can also try negotiating higher compensation next performance review, when you are up for renewal or starting a new contract with a business.

Finally, you can look for a new job at a different employer that pays more. One thing not to overlook is companies often give their employees incentives and benefits outside of salaries. The total compensation, like healthcare, paid vacation days, 401k matches, bonuses, overtime, professional development, a career path in the company, and other benefits, need to be considered, which can add up to a lot more money than just a salary increase.

What are the Top Paying Industries for a Taxi Cab Driver?

The top paying industries for a Taxi Cab Driver job vary depending on the position’s specific responsibilities, employers, and qualifications. However, some common reported high-paying industries for include the following:

  • Professional, Scientific, and Technical Services
  • Transit and Ground Passenger Transportation
  • Taxi and Limousine Service
  • Health Care and Social Assistance
  • Management of Companies and Enterprises
  • Finance and Insurance

Does a Taxi Cab Driver Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, a Taxi Cab Driver would pay 15.63% of their monthly take-home pay towards rent. That’s $1,310 per month or $15,720 yearly for a two-bedroom apartment.

The rent is less than 30% of the monthly take-home pay for an Taxi Cab Driver, which can helps lessen a financial burden and impact their quality of life.

This is because a high rent-to-income ratio would leave less money each month for other expenses, such as food, transportation, recreation, and activities. It can lead to financial stress, impacting overall job satisfaction and motivation.

Considering the cost of living in a city when considering whether to accept a job offer is essential. If the cost of living is too high, it might not be worth it, even if the salary is good.

Does a Taxi Cab Driver make good money?

 In general, a Taxi Cab Driver can make a good salary. The national average salary is $52,632 annually which is less than the average Taxi Cab Driver salary, meaning most earn a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Taxi Cab Driver pay is above the median salary.

However, salaries can vary depending on the company you work for, what you are responsible for, education, college degree, work experience, job market, and your experience level. The highest-paid can earn upwards of 191,112 per year, while the lowest-paid income is less than 39,792 annually.

If you want to maximize your earnings as a Taxi Cab Driver, take on more responsibility, and gain more experience in related skills. Also, build interpersonal skills and strong leadership skills, get a certification in your field and then negotiate for a higher salary next performance review, when you are up for renewal or starting a new contract with a business.

The best thing you can do is develop yourself and gain knowledge. Many courses, additional training, and professional development opportunities in your area can help increase your skills and development in your job or related field.

You can also get your resume reviewed and look for a new employer that will hire and pay more or look for a career change that is hiring and may interest you more.

Salaries are also relative to the cost of living in different parts of the country. For example, the compensation for a Taxi Cab Driver will need to be higher if it is in or closer to larger cities like New York City or some states like California. The increase in pay in these areas is because of the higher than average cost of living and more interested applicants for employment versus someone living in a small town. With the cost of housing increasing and medical care premium costs, it is essential to ensure you are getting paid what you are worth.

How do I know I’m being paid fairly as a Taxi Cab Driver?

The easiest way is to see how close your current salary is to the average pay for your position in your state and city. If your income is below the estimated average wage in your area, you can try to negotiate for a raise.

You can use our research and tools to discover the average salary for a Taxi Cab Driver in your city or region to see if you are being compensated fairly. You may also compare your income to similar jobs and careers to determine whether you are underpaid or overpaid. Lastly, you can set up job alerts to see how the job market trends.

A few other ways you can research whether you’re being paid fairly as a Taxi Cab Driver is to do a job search to look at job postings for similar positions and see the estimate for the listed salary range. You can also talk to people in your network who have similar jobs and ask them what they earn. Finally, you can try negotiating a higher pay when you are up for renewal, having a performance evaluation, or starting a new contract.

What Factors Determine the Salary of a Taxi Cab Driver?

The money a Taxi Cab Driver can make each year greatly depends on a few components that determine an average base salary.

The company you work for is one of the main factors that affect how much a Taxi Cab Driver earns.

The compensation will also depend on the location, as some states and cities have a higher cost of living than others. Other factors that affect compensation are the number of hours worked, company size, job type, level of experience in your career, and location.