Since Uber first launched in Chicago in 2011, taxi companies have been furious that the startup was able to sidestep some requirements that cab drivers must adhere to, and they worry that Uber’s low cost will run them out of business. Uber says it’s innovating an industry in need of change, and economists overwhelmingly support taxi/ride-sharing competition.
Regardless of whether you’re pro-Uber or pro-cab drivers, one thing is clear: UberX is really cheap in Chicago. In fact, it’s cheaper here than anywhere else in the country, Chicago Inno has found. We took pricing data from all of Uber’s U.S. cities and found that a 10-mile, 20-minute UberX trip in Chicago was $14.70, 30 cents behind Houston, the second cheapest city in America.
UberX charges a $1.70 base fare, $0.20 per minute and $0.90 per mile in Chicago. Also factored into the Chicago rate is a $1 safe ride fee and $0.30 City of Chicago Transit Tax and Accessibility fee. Cancellation fees are $5, and a the minimum fare is $2.70.
Looking at the U.S. as a whole, UberX rides in Chicago fall well below the national average with rides as short as 5 minutes or as long at 25 minutes.
On the opposite end of the spectrum, the most expensive market for UberX is the Hamptons, followed by New Orleans and the Jersey Shore. The same 10-mile, 20-minute trip in Chicago that runs $14.70 costs $63.50 in the Hamptons, $49.50 in New Orleans, and $38 in Jersey.
In Chicago, Uber had cut its prices by 25 percent as a summer promotion, but in August it announced that prices would be permanently 15 percent lower city-wide. (Also this summer, Uber promised hundreds of jobs if Gov. Pat Quinn vetoed a controversial ridesharing bill. Quinn did and the ride-sharing giant scooped up a 58,000 square foot office space in the West Loop, announcing it will bring 420 jobs to the city by 2016). You can check how other U.S. cities compare by clicking on the interactive map below.
Chart by Brian Warmoth, National Data Editor. Featured Image via Uber.