Lucy Nicholson/Reuters There's been a disparity between how much ridesharing companies like Uber, and. NerdWallet, a startup focused on financial education and empowerment, to figure out how many rides drivers would have to give to earn $50,000, $75,000, and $100,000. After looking at the numbers, NerdWallet had a few big takeaways: • Based on their data, drivers can, on average, make more working for Uber than for Lyft and Sidecar in most places. Uber drivers make an average of $15.97 per ride with Uber, as opposed to Lyft ($11.48) and Sidecar ($13.35). • In order to make $50,000 a year, an Uber driver must provide 60.21 rides every week.
I used Uber this time to go to the Phoenix airport approximately 6. An Uber driver charged me a $80 cleaning fee for a liquid on one of the cars seats.The. How much do Uber drivers really make in 2017? We've compiled data and figures to show you exactly how much Uber drivers are making on the front lines.
A Lyft driver would have to provide 83.76 rides, and a Sidecar driver would have to provide 72.03 rides. To put that in perspective, 60.21 rides each week equates to between 20 and 21 hours of driving per week for an Uber driver. • To make $100,000 a year, drivers have to give 120.42, 167.52, and 144.05 rides every week on Uber, Lyft, and Sidecar, respectively. Here's a summary of NerdWallet's findings. Via: NerdWallet used data from which lets drivers track their expenses and income, to figure out how many rides drivers have to accept in order to make $50,000, $75,000, and $100,000 in pre-tax income. The study looked at 14 of the biggest US markets for the three ridesharing services: Boston, Charlotte, Chicago, Dallas, Denver, Detroit, Los Angeles, Orange County, Phoenix, Salt Lake City, San Diego, San Francisco, Seattle, and Washington, D.C.
This is what NerdWallet has to say about how drivers can make $50,000. It all has to do with where and when you're driving: 'Driver utilization” for New York City’s yellow cabs is about 50%, which means that for each hour drivers work, they are ferrying passengers 50% of the time. SherpaShare’s per trip fare data for Uber shows that the average driver would have to drive 20. Anolis Arc Power 36 Manual Muscle more. 47 hours each week to make $50,000 a year. However, and, it is likely that the average driver utilization for ridesharing is much less than 50%.
Of course, the study has some caveats. NerdWallet chose to focus only on UberX and ignore UberBLACK or Uber SUV. And the information from SherpaShare — trip fare, distance and time data — comes from just a fraction of all Uber, Lyft, and Sidecar drivers on the road. But nonetheless, it's an interesting glimpse into what drivers need to do in order to in order to make a livable wage.