Can you really make money with Uber or Lyft?

We’ve all seen the ads, “make lots of cash driving for Uber!” But, how well does it really pay? I’ve recently decided to give Uber and Lyft a try to find out the truth for myself.

I drove for three weeks and saved data for each day (some weekdays I had other plans so I didn’t drive but it will be noted below). I did the math to see how much I was earning per day and calculating my daily and weekly averages. I’m not going to fluff anything here, these are real results I got for driving in Los Angeles for both. I would run both driving apps simultaneously, as soon as I got a request I would set the other app offline while I completed the ride (you don’t want to receive requests on one app while driving on the other as it will kill your acceptance rate). Once the ride was complete, if I hadn’t already received a new pickup request I would turn the other app back on to increase my ride request availability. Doing this, I had rides almost instantly back to back all day. At the very most I was having maybe 5 minutes of waiting downtime between rides.

 

Hours worked were calculated from the time I made myself available on the app for the day to the time of the last drop off and went offline for the day.

Total earned is the total for the day I made with Uber/Lyft fees already subtracted from it, which all goes to me directly.

 

Here are my daily totals for the 13 days worked:

April 4th, 2017

Total Hours Driving: 5h 50min (5.83h)

Total Earned: $87.31

Hourly Wage: $14.97

April 5th, 2017

Total Hours Driving: 4h 03min (4.05h)

Total Earned: $77.69

Hourly Wage: $19.18

April 6th, 2017

Total Hours Driving: 6h 10min (6.17h)

Total Earned: $95.28

Hourly Wage: $15.45

April 7th, 2017

Total Hours Driving: 2h 39min (2.65h)

Total Earned: $50.94

Hourly Wage: $19.22

April 11th, 2017

Total Hours Driving: 3h 41min (3.68h)

Total Earned: $67.15

Hourly Wage: $18.23

April 12th, 2017

Total Hours Driving: 5h 21min (5.35h)

Total Earned: $65.49

Hourly Wage: $12.24

April 13th, 2017

Total Hours Driving: 2h 27min (2.45h)

Total Earned: $30.06

Hourly Wage: $12.27

April 17th, 2017

Total Hours Driving: 6h 51min (6.85h)

Total Earned: $139.31

Hourly Wage: $20.34

April 18th, 2017

Total Hours Driving: 3h 54min (3.9h)

Total Earned: $59.12

Hourly Wage: $15.16

April 19th, 2017

Total Hours Driving: 6h 47min (6.78h)

Total Earned: $88.71

Hourly Wage: $13.08

April 20th, 2017

Total Hours Driving: 4h 37min (4.62h)

Total Earned: $104.44

Hourly Wage: $22.62

April 21st 2017

Total Hours Driving: 5h 29min (5.48h)

Total Earned: $72.00

Hourly Wage: $13.13

April 22nd, 2017

Total Hours Driving: 1h 24min (1.4h)

Total Earned: $25.61

Hourly Wage: $18.29

 

As you can see, I had some really good days and then there we some okay days. What I didn’t see was a horrible day. Each day I made more than minimum wage, and on some of those days I was making $20 or more an hour. This is also not including two bonuses I hit on Uber, that is an additional $115 to the total. On April 20th I completed a 25 ride bonus and got $70; on April 22nd I completed a 15 ride bonus for $45.

So we have a good sample data amount. Let’s get some overall averages now:

Total Earned Driving: $963.11 ($57.00 in tips included)

Promotions Bonuses: $115.00

Grand Total Earned: $1,078.11

Hours Worked: 59.21

 

So what are the final results exactly? On average you’re working at $18.21 per hour, this is with bonuses included. If you’re working full time with Uber or Lyft, you should have no problem hitting at least the tier 1 bonus. If you’re working part time, you possibly could still hit the bonus but let’s assume you didn’t. What is my hourly gain without the bonuses? $16.26 per hour.

 

Based on my driving experience, how much can you earn a week? bi-weekly? monthly? yearly? Well, don’t break your head, I’m doing the math for you!

Part Time (defined as 30 hours a week or less, but using 30 hours a week for projection below) $16.26/hr

Weekly: $487.80

Bi-Weekly: $975.60

Monthly: $1,951.20

Yearly: $23,414.40

Full Time (defined as 32 hours or more, but using a standard 40 hours a week for projection below) $18.21/hr

Weekly: $728.40

Bi-Weekly: $1,456.80

Monthly: $2,913.60

Yearly: $34,963.20

 

So, there you have it. This is what you can really make driving with Uber. Now it’s just a matter of deciding if you want to drive part time and keep your job or drive for Uber full time and have your own schedule. While there is no overtime pay, you can make up for that with the promotional bonuses Uber offers. Not to mention, you can drive for as long as you want and have no boss to report to. I like it as it’s stress free, allows me to have free time when I needed on the whim and I just hate taking orders from someone.

 

Get a $600 start-up bonus with UBER!

Now for the shameless plug, if you’re deciding to drive for UBER. Use my referral code: NFLOO or follow this link: https://partners.uber.com/i/4a66u24hb

Why? Because it helps both of us out, you get $600 bonus signing up from a referral after 75 trips (you get $0 bonus without one) and I get $300 for driver referral. It’s a win-win!

If you’re deciding to drive for LYFT. Use my referral code: FRANCISCO475994 or follow this link: https://www.lyft.com/drivers/FRANCISCO475994 you get $450 bonus signing up from a referral after 260 trips (you get $0 bonus without one)

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