Hong Kong Taxi Driver Economics

• Cost to have a Hong Kong taxi license (per car): HKD$1.5M, usually held by corporation, not individual drivers
• Cost to driver to rent taxi: HKD$650 for 24 hours (drivers usually work 12 hours per day – sometimes illegally letting a friend use their taxi while they sleep)
• Drivers take home everything above the $650, usually about HKD$350-400 on weekdays (that’s ~USD$50) and up to HKD$1,000 on weekends (~USD$120)
• Drivers generally work 6 days a week (Ours had two kids. Hong Kong is not a cheap city.)