When it comes to taxi fares, it should come as no surprise that Oslo’s are the most expensive in the world, according to the UBS Prices and Earnings Report, 2015. Fares in New Delhi, Kiev, Bogota, Mumbai, Bangkok, and Cairo are among the lowest.
The most expensive estimated three-mile (5 kilometers) taxi fares during the daytime are in Oslo at $32, Zurich at $27.59, and Luxembourg at $22.34.
The least expensive estimated three-mile taxi fare is a mere $1.54 in New Delhi and $1.59 in Kiev.
These estimated prices include a five-kilometer ride taken during the day, within the city limits, and include a tip.
According to consumer reports and surveys, cities with a high quality of life and widespread opulence have the world’s highest taxi cab rates.
Taxis are a great way to get around in large metropolises, where parking is often prohibitively expensive and dealing with traffic can be more trouble than it is worth.
However, in some cities of the world, especially affluent Western ones, where the cost of living is through the roof, taxi drivers take the opportunity to jack up their fares to cash in on the transportation needs of the urban populace, whose average income sits well above global norms.
Below is a list of the ten most expensive cities in the world in which to take a taxi, and the financial and economic context that might explain why cabbies can charge such high rates per mile.
10- TORONTO, CANADA ($5.29/MILE)
Toronto is the largest city in Canada, with a population of over two million people. As a so-called “global city,” Toronto plays a major role in the nation’s economic system, as well as being a significant player in regards to international monetary policies.
The city not only serves as the headquarters for many of Canada’s most important and influential companies, but it is also home to Bay Street, the home of the Canadian stock exchange, which lies in the heart of the city’s financial district.
9- AMSTERDAM, THE NETHERLANDS ($5.41/MILE)
Amsterdam is the capital of the Netherlands, as well as its financial and commercial center. A report by Forbes noted that seven out of the world’s top 500 international companies have established their headquarters in the city.
In keeping with its role as a center for economic activity, the Amsterdam Stock Exchange has the distinction of being the world’s oldest such institution, and in 2000 merged with the Brussels and Paris stock exchanges to form Euronext.
A monthly public transit pass totals about $100, and a five-mile cab ride will cost approximately $27.
8- MILAN, ITALY ($5.76/MILE)
The picturesque city of Milan is the second most populous in Italy, with over one million residents living within its urban center. In terms of gross domestic product (GDP), Milan has one of the largest economies of any city in Europe. The city is also home to Borsa Italiana, Italy’s main stock exchange as well as the headquarters for a number of major banks, media outlets, and international businesses.
Milan is also renowned for its vibrant fashion industry, which is made up of an estimated 12,000 companies and six thousand stores.
The city also plays a pivotal role in the automobile manufacturing industry.
Because of Milan’s rich culture, history, artistic traditions, and variety of high-end businesses, the city is an expensive one to call home, and its cab fares are no exception.
7- MONTREAL, CANADA ($5.86/MILE)
Montreal is the largest City in the Canadian province of Quebec. Besides its cultural and historical importance, the city also serves as the industrial and trading hub that fuels the regional economy.
Although French is the official language of Montreal, the city is home to an ethnically diverse population, totaling approximately three million within the urban area, according to a 2011 study conducted by Statistics, Canada.
6- STOCKHOLM, SWEDEN ($6.19/MILE)
Stockholm is the capital of Sweden. This Nordic nation, founded in 1252, is home to an array of corporations and cultural and educational institutions, as well as the seat of the country’s Government.
A significant proportion of Stockholm’s residents are employed in the service industry, including transportation.
According to Expatistan.com, monthly expenses for a 900 square foot furnished residence can range from $1,577 to $2,184, depending on the part of the city one chooses to live in.
5- AUCKLAND, NEW ZEALAND ($6.58/MILE)
Auckland is located on the North Island of New Zealand and is the country’s most populous city, with over a million residents living within the urban area. Auckland is also home to more people of Polynesian descent than anywhere else on Earth.
The city has been named one of the world’s most livable cities, as well as being classified as a “global” or “world” city.
Auckland serves as the economic center of New Zealand, as well as the base for numerous domestic and multinational businesses and financial institutions.
4- GENEVA SWITZERLAND ($6.86/MILE)
With a good deal of affluence to go around, taxi fares are also the fourth highest in the world, with a five-mile trip costing in excess of $34. Switzerland is a country well known for high-quality products, such as chocolate and watches, as well as its prominent banking industry. Geneva is the nation’s second largest city and has earned the status of being deemed an “alpha,” city.
3- LUXEMBOURG CITY, LUXEMBOURG ($7.45/MILE)
Due to the high cost of living, a five-mile cab ride through Luxembourg, on average, costs $37.25.
2- ZURICH, SWITZERLAND ($9.20/MILE)
Zurich also ranks high in terms of citizen satisfaction, in such varied areas as housing, employment conditions, and educational facilities, as well as public safety. A five-mile cab ride in Zurich averages around $46.
1- OSLO NORWAY($10/70 MILE)
Oslo is the second most costly city in the world in terms of average living expenses. The Nordic City was founded in 1040 and has always played a crucial role as a center for trading activities.
A five-mile taxi jaunt through Oslo averages around $53.50.
Here are some other interesting articles you should check out:
(By Donaldo Smith)
- How to spot (and avoid) taxi scams while you are on a trip
- The World’s “AI Measures for Senior Citizens” – Alibaba and Tencent Enter the AI Medical Field, Self-Driving Taxi’s in the United States, and more