Growth and Employment in the Taxi Industry
Demand for Various Driver Roles:
- Demand for taxi drivers is expected to increase 6.44 percent annually over the next few years, with 347,820 new jobs by 2029
- Employment of delivery drivers is projected to grow 10 percent from 2022 to 2032
- Ride-hailing services should increase job growth 40 percent from 2016 to 2026
- Wage and salary worker employment is projected to decline by 15 percent
Earnings and Benefits in the Taxi Industry
- On average, taxi drivers in major cities earn $30,000 to $50,000 per year
- Taxi drivers are self-employed, set their own hours, and earnings vary based on location and service quality
- Benefits of being a taxi driver include being your own boss, meeting new people daily, and discovering your city
Market Conditions and Earnings
- Taxi drivers can earn decent incomes, but earnings depend on location and hours worked
- Drivers in larger cities earn more due to higher demand, and most are self-employed
- In Russia, using taxis is cheaper than owning a car for those driving less than 5,388 km per year
Requirements and Opportunities for Taxi Drivers
- Most places require at least a high school diploma or equivalent and a driver’s license
- New job openings in 2024 include taxi, delivery, coach, and airport drivers
- Becoming a taxi driver has low barriers to entry, with minimal educational requirements needed