Getting The Most Out Of The Ridester Earnings Calculator
Here are the variables the calculator will figure out for you:
- You tell it the city youll be driving in and it will automatically input Ubers and Lyfts mileage and per-minute rates for your city
- It assumes youll earn 75 percent of the mileage and per-minute rates for your city, but you can change that percentage if you know its different
- It will also automatically calculate your earnings for all the different vehicle types Uber and Lyft have
Here are the variables youll enter on your own:
How Much Can You Earn Driving For Uber The Bottom Line
How much do Uber drivers make? Working as an Uber driver can provide a steady revenue stream.
There are quite a few factors that will influence your daily earnings, and some of them are outside of your control.
Working in an urban area is probably the best way to enhance your earnings as an Uber driver.
But, by targeting opportunities to increase your profits, like working during surge pricing and high-volume periods, you can tilt the playing field to your advantage and earn more money for your time behind the wheel.
And remember, all Uber drivers set their own schedules and priorities.
So, for someone who wants to avoid the demands of an office-based or nine-to-five type job, the flexibility of an Uber schedule can be especially appealing.
If you are thinking about driving for Uber, sign up today and see what you can earn.
How Much Do Uber Drivers Earn Per Hour
This is one of the most commonly asked questions: How much do Uber drivers make? Uber drivers can make up to $25 per hour in some locations according to The Gridwise App. Earnings vary from one driver to another, as it depends on what vehicle you use, where you drive, and how often. Check out this article to see a breakdown of median earnings by location.
Drivers in Fresno are reporting earnings of up to about $25 hourly, while drivers in Los Angeles take in about $17 and drivers in New York at around $23.
But as an example, at $20 per hour, you need to work 10 hours per day 5 days a week to make $1,000. Totally doable!
The best Uber drivers manage to make a lot of money by having the right strategy in place.
For example, Nick Arapkiles earns more than $1,000 a week, and shares his driving experiences on Youtube. Weve listened to his advice and added some useful tips to show you how you can do it too.
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Uber Driver Hourly Earnings With Tips & Bonuses
Across all tiers of service, Uber drivers in 2020 earned an average of:
- Net earnings: $16.95 per hour
- Plus tips: $18.16 per hour
- Plus Uber bonuses: $19.36 per hour
Uber bonuses increased significantly in 2020 compared to 2018. In 2018, drivers pay with bonuses equaled just $14.73. Bonuses given because of the coronavirus can explain at least some of the difference.
How Much Uber Drivers Make In Specific Cities
How much can you make with Uber? It depends on your city, but basically, the busier or more tourist-friendly your city is, the more chances you have for earnings.
Something to keep in mind when looking at earnings by city is also the cost of living by city. Heres a chart showing the cost of renting an apartment in a handful of major cities in the U.S. from 2022:
If drivers are working full-time in any of these markets, the cost of living is an important factor in making sure they can earn enough to make a living and cover basic expenses.
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What About Uber Eats
Uber rideshare drivers also have the option to deliver orders through Uber Eats. This entails opting in, accepting delivery orders and then transporting food and beverages to customers.
Choosing to deliver food can boost an Uber drivers pay, especially on days when rides are slow. Uber encourages its drivers to diversify their payment options, depending on demand.
Uber Eats pays drivers a delivery fare based on pick-up, drop-off and distance. There is also a similar surge pricing for food delivery known as Boost that will increase pay at certain times of the day.
How Much Do Uber Drivers Make
It is impossible to make a blanket statement about how much an Uber driver earns.
There are too many variables that influence a drivers pay.
Its important to remember that many of the factors are outside of a drivers control.
Even drivers who spend many hours behind the wheel may not make as much money as they think they should.
But, we can determine what the average driver earns with Uber, though the data is limited to generalities and based on varying circumstances.
Uber is also very secretive when it comes to releasing earnings information.
There are potential political ramifications to revealing the fact that drivers do not always earn more than the minimum wage in a certain area.
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How To Calculate Depreciation
If you own or finance your car, depreciation will be a big expense for you. In fact, its usually the largest expense of all. If you ignore it, you will be fooling yourself into believing that youre making a lot more than you really are.
Its understandable that you might be tempted to ignore it since its so hard to know what your exact depreciation will be. But there are industry averages that we can go by. Well give you some widely accepted depreciation rates that you can apply to your car. Depreciation varies depending based on the kind of car you have. Higher quality, more expensive cars tend to depreciate less while lower-end inexpensive cars tend to depreciate much more. Below are average annual depreciation rates for different car types:
|Low-End Cars: like the Prius, Civic, Kia, and Volkswagen Golf
Since most drivers drive for Uber and Lyfts lower end service, well assume most UberX drivers have lower-end cars like the Prius and well show you how to calculate the depreciation on it.
A 2018 Prius Two Eco is currently retailing for $25,165. So, if we multiply that by 21.4 percent, we come up with $5,385 in yearly depreciation expenses. Then well divide $5,385 by 12 to come up with our monthly estimated depreciation expense figure.
$25,165 x 0.214 = $5,385.31
$5,385 ÷ 12 = $448.75
A depreciation of 21.4 percent isnt an exact figure, of course, but its a best all-around estimate based on industry averages for lower-end cars.
How Much Are You Willing To Put In
As a driver, you have a great deal of control as to how much youll make.
The single biggest factor is how much youre willing to put in.
If you only work a few hours here and there, youll likely not have a large paycheck and potentially a lower per hour rate.
But if you treat your new career as a full-time job, give great customer service, drive in the right locations, and take advantage of surge pricing as much as possible, your driver earnings will be much higher.
The more experience you get as a driver, the more youll understand how to make a higher income and be more satisfied with your new employment in the gig economy.
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Reasons For Earnings Differences
First off, if youre driving in a more popular market like San Francisco or New York City, youll likely have a higher income.
Bigger markets mean there are more opportunities to drive, giving you a better chance to fill every second of your shift.
Smaller markets that are less saturated with potential passengers will yield lower paychecks for drivers.
The fewer opportunities for picking up passengers, the more likely youll have downtime waiting for riders during your shift.
To compare, the median hourly earnings for a driver in New York City is $21.92, while just across the state in Buffalo, New York, the median hourly earnings is only $9.74.
You could be driving in the same state but a different city and make two times more per hour.
Second, the time in which youre driving and how youre planning your shifts also makes a big difference.
Experienced drivers tend to make more money because they know how to play the game.
Youll eventually know when and where you should be driving to maximize your earnings with the help of peak-time bonuses, like surge pricing.
If youre driving during peak hours that pay the highest fares, youll be making a higher hourly wage.
However, this means you must be willing to drive at times when you might not want to, like late nights on the weekend.
What it all comes down to is that youre in control of how much money youll be making.
To give you a better idea of what were talking about, lets look at what goes into each fare.
Drive And Deliver In The Same Uber App
Here at The Rideshare Guy, we are huge fans of using multiple apps at the same time. My favorite option for delivery? Uber Eats.
Best of all? No need to app switch! You can drive and deliver all in the same Uber Driver app.
If youre not already delivering, just go to Preferences in the Uber app and you can turn delivery on and start getting requests right away.
My strategy is to give some rides with the Uber app, then when I get close to a busy area with lots of restaurants, turn on Uber Eats deliveries for any pings.
Why do I check for Uber Eats deliveries if Im already Ubering? Uber Eats typically has drop offs that are close by, so Im usually guaranteed not to be taken too far out of my drive zone when I make a delivery.
Driving and delivering is a little trial and error, but once you get the hang of it, youll never go back to just doing one!
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How Much Does Uber Pay Per Mile: Uber Pay Rate
The answer to this question varies by market and has changed over the years.
From a self-reported list compiled on Reddit in 2021, it can range anywhere from $0.54/mile to $1.55/mile .
The entire list provided on Reddit averages $0.817 per mile. You can check your local rate card when youve signed up to drive.
How Much Do Uber Drivers Get Paid
There are two main components drivers often overlook when figuring out how much drivers earn.
The first is how much an Uber ride costs for the passenger.
Higher-end Uber rides cost quite a bit more than other Uber rides, such as UberPOOL.
Due to these widely different prices, drivers may earn far more or less depending on which type of ride request they are accepting.
Another issue is business expenses.
This umbrella category covers a lot of different aspects of an independent contractors costs.
Business expenses include vehicle maintenance, gas, and insurance costs.
Although these factors vary based on location, the general concept remains the same.
Having to pay for each expense out of pocket eats away at a drivers profit.
Before we take an in-depth look into the factors that make up the earnings, lets first take a look at how much Uber drivers actually earn.
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Uber Driver Income Varies By City & Region
Right now, Uber estimates that a driver working forty hours per week will earn $1,309.
But that figure is drawn from data obtained in the suburbs of New York City, where driver supply tends to be high, and there are large population centers near one another.
That figure also includes an estimate of $72 in tips provided by customers and excluded the costs for which a driver is responsible.
So, after an Uber driver pays all their fees, insurance, and taxes, plus the costs for owning, maintaining, and cleaning their vehicle, their earnings will be substantially lower than the figure estimated by Uber.
Also, consider that if an Uber driver has to perform significant maintenance on their vehicle that takes them out of service they will be unable to complete trips and earn wages.
And, if you move that same driver to another area with less volume, the average drivers salary will drop substantially.
For instance, the median earnings of a driver in San Francisco are almost 30% more than a driver working the same hours in Kentucky.
How To Start An Uber Business In New York
Before you start working with Uber, there are several factors that you need to have to make you eligible for the job.
Apart from your own evaluation, the car must also meet Uber requirements. Here are the vehicle general requirements
- Must be a 4-door car or minivan.
- Be a 2006 model or newer unless otherwise stated.
- Have working doors and air conditioning.
- Have no commercial branding.
- Be in good condition with no cosmetic damage.
There are four main categories of Uber vehicles, each with its special requirements.
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How Much Do You Make As An Uber Driver Overall
In our experience, you can earn up to $50 per hour with Uber depending on your location and strategies. Many Uber drivers make between $15 and $25 per hour. The difference between a typical earner and a higher earner comes down to how the driver takes advantage of Ubers driving promotions. The other important factor is the city or town where youre driving.
Can drivers earn $100,000 a year? Its definitely possible! Check out our article on how you could potentially earn $100,000 or more as an Uber driver.
How Much Do Uber Drivers Make In New York City
If you are from New York, you might be wondering, how much do Uber drivers make in New York City? Well, besides Uber being a ride-sharing company, it has also been a job-creating company that has employed lots and lots of people.
It has given a lot of people the opportunity to be ones, own boss. Well, before looking at how much Uber drivers make, why dont we first look at how you can start an Uber business.
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The Number Of Trips Youll Drive Per Hour
This one is a little tricky and will take a lot of care on your part to get it right. If you do get it right, youll get a very solid earnings estimate from the calculator. If you dont, the estimate could be way off.
To best way to get the most accurate figure for this variable will be to talk to other drivers in your city. And one easy way to do that is to find an online forum where your citys drivers meet up and discuss things. Facebook has a lot of driver forums for different cities around the country and might be one place you could get this information.
Uber Driver Salary In Yonkers New York
How much does a Uber Driver make in Yonkers, NY? The average Uber Driver salary in Yonkers, NY is $42,902 as of June 28, 2022, but the range typically falls between $35,702 and $52,402. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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|10th Percentile Uber Driver Salary
|25th Percentile Uber Driver Salary
|50th Percentile Uber Driver Salary
|75th Percentile Uber Driver Salary
|90th Percentile Uber Driver Salary
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How Much Money Do Uber Drivers Earn Per Hour
Johana Bhuiyan, a BUZZFEED reporter took on the offer of Josh Mohrer, New Yorks UBER General Manager, who stated that hed go on record with any reporter who would take 10 rides. Each should be taking into account how much the driver is making. Heres what she discovered .
The average and combined hourly wage at that time were $31.61, working between 5.78 and 42.65 hours a week.
Heres thecopy of aggregated driver payment information from BUZZFEED News. However, the net wages from the experiment did not include car insurance, wear and tear, and bridge tolls in the case of other drivers.
$3987 / $1231735 = 0323 Or 323%
For this RSG Reader, Uber took 32.3% of their earnings for the month of April. Keep in mind, it is not a flat rate that Uber will take. It will vary from ride to ride and from market to market. It also seems to depend on how long the ride is and how far you were from pickup.
If you dont have access to your monthly tax summaries , you can also calculate this information ride over ride.
For your individual rides, youll need to go into your earnings and click on the ride in question. Again, youll need two numbers: Paid to Uber and Customer Payments. The reason for this is because the Customer Payments is equivalent to Your Gross Earnings, or what you would have earned if Uber hadnt taken their cut.
For example, on a minimum fare this driver recently completed:
Paid to Uber = $4.57
Customer Payments = $7.98
This calculation would be the same as above. You take Paid to Uber and divide that by Customer Payments. This would make Ubers take rate 57.2%. While that seems awfully high, it all seems to average out over the long run to be much lower.
One RSG reader sent us information from their 2018, 2019 and 2020 tax summaries that show its been fairly consistent over the years, and was actually a little lower in 2020 than in the previous two years.
In fact, between Uber and Lyft, it seems like in their case, Lyft takes a larger portion overall.
This drivers market is State College, PA, and they tend to do a lot of shorter trips.
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