NerdWallet put together this infographic based on information from SherpaShare, an income and expense tracking service very popular among ridesharing drivers. NerdWallet crunched the trip data and compared them so the average ride fares, and found out exactly how much income it takes for a driver to actually consider it worth driving.
They then took that data and calculated how many trips drivers would need to take to make $50,000, $75,000, and $100,000 annually. After factoring in expenses such as gas, insurance, and time, the results are surprising.
According to NerdWallet,”To make an annual income of $50,000, the average Uber driver needs to provide 60.21 rides each week, while those working for Lyft need to give 83.76 rides a week and Sidecar drivers would have to provide 72.03 rides in a week.”
I have driven pretty close to full time during a lot of weeks and I can tell you, hitting 72 rides every week, good rides, would be very difficult. In addition, these companies sometimes like to saturate the markets with new drivers so that passengers don’t have to wait long for a driver. At any rate, driving for one of these companies can make you quite a bit of money on the side, so sign up today to see how much you can make!
A summary of the article can be found by referring to the infographic below.
Lyft Pay Infographic
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