How Much Can You Earn With Uber – Often a big question for people considering the car pooling world as their main source of income or supplemental income is how much money they can expect to make.
Giving up extra time (for part-timers) or even quitting your current job (for full-timers) to pursue a career with a company like Uber or Lyft may seem risky, but it doesn’t guarantee anyone a real income.
How Much Can You Earn With Uber
There was a time when these numbers were difficult to achieve, but thanks to significant research and data sharing over the past few years, it’s now easier to predict how you’ll perform as a driver.
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If you’re wondering what you can earn as an Uber or Lyft driver, here’s everything you need to know about what affects your bottom line.
If you’re wondering why Uber and Lyft are sometimes accused of driving up average driver earnings, a big part of it is location. Indeed, there are many factors that can affect your income level as a driver, but where you drive can have a significant impact on your income level.
As you can see from the map above, the average driver in New York makes twice as much as a driver in Nashville. That doesn’t mean it’s impossible to make a lot of money in low-income cities, it just requires a little strategy.
If you want to know what your city has the capacity to build each year, you can check out the full list here. Here is a small sample of some popular cities along with annual salary estimates:
Uber & Grabcar Driver Lip Lai
When it comes to what drivers actually earn while driving for Uber or Lyft, there is a basic calculation that starts with the price of a passenger. When a passenger rides Uber or Lyft, they pay for the time spent in the car and the distance traveled. This is on top of the city’s base fare and passenger charges.
Here’s a real-world example: Say you’re flying to Hartsfield-Jackson Atlanta International Airport and need a ride to the Georgia Tech Conference Center. It’s an 11-mile trip that takes about 18 minutes in light traffic. UberX base fares in Atlanta are $1.00, $0.12 per minute and $0.81 per mile. The booking fee is $2.25.
Uber estimates put the amount at $19-$24, which is slightly higher. As you can see, various factors can change the price of your passenger travel, including dynamic pricing (high passenger demand and low driver supply cause prices to rise) and traffic flow. However, let’s take $19 as an example, from here, we can calculate what the driver actually paid for this example trip.
$19 is great, but the driver won’t take it home. Uber and Lyft each charge 20% of the fare. So the driver will get 80% of the final price or $15. Assuming you can take another similar ride within the same hour, you could potentially make $30 an hour, which is definitely a good hourly rate.
July 2021 Uber / Bolt / Ola Earnings
However, you are more likely to find shorter trips for much less than that. Uber and Lyft have minimum fares, which ensure that riders will always earn a certain amount, even if their trips are short. This is to ensure that drivers are not negatively impacted by a 2-3 block ride that only takes a few minutes. This minimum price varies by city.
How long you drive and provide rides has a big impact on how much you earn for Uber and Lyft. It sounds simple, but the more there are, the more likely you are to get more paying trips.
Depending on the city you live in, the day you drive can have a big impact on how much you earn. If increased prices are in effect, you can earn more until the increase ends. Generally, peak hours (when workers are commuting back and forth from work) and times with an active nightlife are when earning potential is highest. If you offer late night tours, it’s important to be aware of your safety.
Factors like the age of your vehicle, the city you drive to, the type of car you drive, and more will affect the overall incidental costs of driving for Uber or Lyft.
How Do Uber And Lyft Drivers Count Income?
However, the general rule of thumb for Uber and Lyft drivers is to deduct an additional 20% of the ride price to cover all of these costs. So if you take the $19 ticket we mentioned earlier and deduct the extra 20%, your earnings drop to $11.40.
So now that we’ve discussed all the factors that contribute to an Uber or Lyft driver’s actual take-home pay, what do these numbers say?
Harry Campbell, a popular ride sharing blogger, conducted a study and used the data to provide some real numbers to answer the question of what drivers actually earn.
Campbell found that drivers were “reporting $15.28 an hour,” but based on all the incidents we’ve already mentioned, he thinks the number is actually lower. As you can see from this pie chart, most drivers earn between $10-$15 per hour.
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Glassdoor, a company that uses employee data to dig deeper into companies, regularly reports Uber’s earnings, and their data backs up these averages.
If you want to earn more than driving for Uber or Lyft, there are a few ways you can supplement your income.
Tips are the easiest way to earn some extra money as a driver. Although tips are not guaranteed, they are valid and you can encourage them with the following helpful ideas:
While tipping has always been allowed, historically riders have had no way to send drivers through the app. However, this seems to be about to change. In June, Uber began its 180-day transformation campaign in an effort to address some of the ongoing problems drivers face and improve the overall driving experience. A big plan? Enable tipping through the app. This is already available in around 100 cities and is definitely a step in the right direction for drivers!
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Referral programs are another easy way to earn extra money through your Uber or Lyft career. Both companies offer sign-up bonuses to encourage new drivers to sign up and to encourage existing drivers to spread the word.
Here’s how it works. Existing drivers can refer others to Uber or Lyft using their personal referral code. When a new driver signs up using this referral code, both parties have the potential to earn an attractive sign-up bonus* after the new driver completes the required number of drives within the first 30 days of signing up.
Uber and Lyft drivers earn less than $15 an hour on average. However, with so many factors — driving time, tolls, insurance costs, car payments, location — it’s hard to say how much a person can earn without knowing the details.
Take this information and do your own research to find out if it’s worth driving in your city! You will be surprised to know that you can make more money than you ever imagined. Our website is supported by users. We sometimes receive affiliate links when you click on a link on our website
Uber Pro Card
You’ve probably seen an ad for Uber that claims drivers can make $25 an hour or something like that.
Over the past few years, there has been an increasing influx of people who have decided to become ride sharing drivers for Uber.
Based on our research, we found that this ranges from $11 an hour to $18 an hour.
Because prices vary widely, drivers earn more or less depending on the types of ride requests they receive.
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Before delving into what constitutes earnings, let’s see what Uber drivers actually earn.
Keep in mind that the numbers we use in this article are meant to represent an overall picture of the average Uber driver salary in upcoming reports.
Ridester’s 2018 Independent Driver Earnings Survey is the best resource for understanding Uber driver earnings.
In the survey, drivers self-reported their total earnings, and provided Uber screenshots to back up their claims.
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The survey surveyed more than 2,600 drivers who earned a total of $1,027,585 for 62,583 paid hours. In terms of tips, the survey showed that drivers said they earned 35.53% more than they actually did. It also shows that drivers are not happy with their profits.
It’s worth noting that average hourly wages vary widely across the country depending on the type of Uber service provided.
When it comes to tips, over 90% of UberX drivers said they received no or little tips
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