How do taxi prices compare to Uber fares?

How do taxi prices compare to Uber fares?

Taxi prices can vary significantly based on location, time of day, and demand. Uber fares are typically calculated using a base fare plus a per-mile and per-minute rate, which can fluctuate based on surge pricing. Would you like a detailed comparison for a specific city?

Yes, can you compare prices in New York City?

In New York City, a typical taxi fare starts with a base rate of $2.50, plus $0.50 per additional 1/5 mile and $0.50 per minute of waiting time. Uber's base fare is around $2.50 as well, but the per-mile and per-minute rates can vary. During peak hours, Uber may implement surge pricing, which can increase fares by 1.5x to 3x. Would you like to see a specific example of a trip?

Yes, what would a 5-mile trip cost for both?

For a 5-mile trip in a taxi, the fare would be approximately $15, considering the base fare and additional charges. For Uber, the cost could range from $12 to $20, depending on the time of day and whether surge pricing is in effect. Would you like to know more about factors that influence these prices?