![]() However, that's still a pretty good amount compared to cab drivers' estimated annual incomes. That comes out to a net income of around $75K for NYC and $60K for San Francisco. A 2014 Prius driver in San Francisco, under similar conditions, was estimated to lose just over $14K. In New York City, a 2014 Camry driver is listed as enjoying just over $15k in expenses assuming 40,000 miles driven per year (on a 40-hour-a-week schedule). Uber sent Felix Salmon, senior editor at Fusion, some estimated figures about what these expenses might be. Others will not be so lucky, if they happen to roll the dice poorly and get a not-so-insignificant issue with their vehicles as a result of all that extra driving. Some might have less taken away from their total incomes as a result of their business expenses (perhaps you've found a sweet hookup on gas, or you're getting a great discount on car insurance, or what-have-you). It doesn't take into account all the other fees that eat away at one's seemingly awesome uberX revenue: fuel costs, deprecation on equipment (the car), maintenance, insurance, et cetera.Īnd, obviously, the costs can vary depending on the exact situation of a typical UberX driver. For starters, it's important to note exactly just how Uber is defining its figure: "small business income." That's not a net income that's a gross income. Since said figures are a bit eye-opening, quite a number of others have taken to the Web to criticize (Opens in a new window) Uber's statistical analysis. The company claims that the median "small business income" for an uberX driver in New York City is right around $90K San Francisco drops a wee bit to $74K, but that's hardly a shabby income for ferrying around individuals all day long. And Uber drivers are apparently making quite a decent wage for their services. ![]() Uber's figures are certainly compelling: According to a blog post (Opens in a new window) from the company this week, approximately 20,000 new driver jobs are created each month thanks to Uber.
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