It Costs 200,000 Euros To Become A Taxi Driver In Paris

Being a cab driver in Paris, France costs 200,000 Euros, which is one of the interesting facts about Paris. You may now be questioning why and how someone would pay such a significant sum of money for a job that hardly pays so much per year.

To be clear, the 200,000 Euros are for the license cost that taxi drivers must pay in order to work as independent contractors as taxi drivers in the city. In Paris, there are two ways to get a driver's license. First, free from the government organization. However, because to the lengthy waiting period—more than 14 years—no one chooses to go this path. Given that it doesn't take as long, that is worse than attending college to become a doctor. Purchase a license from a taxi driver who has retired or stopped working, which is the second option. Now you know where that ridiculous sum of money comes from. There isn't a predetermined price at which to sell it; instead, determine its worth using the current free market pricing. Additionally, the market price fluctuates between 180 and 200 thousand euros. It makes sense that there are fewer independent taxi drivers in Paris than in other major cities.