GITNUX MARKETDATA REPORT 2024

Statistics About The Average F1 Driver Salary

The average salary of an F1 driver is estimated to be around $10 million per year.

Statistic 1

"The average F1 driver salary is approximately $7.7 million per year."

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Statistic 2

"Some F1 drivers earn below the average salary, with Antonio Giovinazzi only earning around $500,000 a year."

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Statistic 3

"The highest earning F1 drivers, such as Lewis Hamilton, can earn significantly above the average with salaries up to $55 million."

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Statistic 4

"The average salary of an F1 driver has increased by approximately 40% over the last five years."

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Statistic 5

"Rookie F1 drivers typically earn far less than the average F1 salary, with estimates around $200,000."

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Statistic 6

"The lowest salary in F1 is estimated to be around $150,000, significantly below the average."

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Statistic 7

"Veteran F1 drivers tend to earn above the average salary, with a salary range between $10 million and $40 million."

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Statistic 8

"The top 10% of F1 drivers earn more than 5 times the average F1 driver salary."

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Statistic 9

"The average salary of a mid-level F1 driver is around $1.5 million to $2 million."

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Statistic 10

"The majority of F1 drivers earn between 1 million and 5 million dollars per year, which is more or less than the average salary."

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Statistic 11

"The average salary for F1 drivers in top-tier teams is reported to be around $10 million."

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Statistic 12

"The median F1 driver salary, which can be a better reflection of a typical driver's earnings, is around $2 million."

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Statistic 13

"F1 drivers also often earn more than their base salary through endorsements and bonuses, which can double their total income."

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Statistic 14

"The average F1 driver salary has almost doubled over the last decade."

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Statistic 15

"Younger F1 drivers like George Russell and Nicholas Latifi earn less than $1 million, which is below the average F1 driver salary."

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Statistic 16

"The top F1 drivers like Lewis Hamilton and Max Verstappen can earn more than 10 times the average F1 driver salary."

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Statistic 17

"The average F1 driver's salary is more than 50 times the average salary of a person in the UK."

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Statistic 18

"The average salary for F1 drivers at lower-ranked teams is reported to be around $500,000."

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