Actual Earnings of an Uber Driver (Updated for 2024)
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- In depth look at what a full time Uber or Lyft Driver could earn in 2024
A like and a sub would be better than 5 stars!
I wrote down the craziest things that have happened in my Uber in order to support my channel. I think it's a pretty good book, but I'm a little bias. Get a copy at www.eddiepdoyle.com/shop/ and I will be eternally grateful.
Uber is a scam. Only part time driving Friday Saturday is barely worth it. Hope Uber goes out of business.
No it’s not, you have to drive a lot and make decent money it depends on your market.
Well said
Totally agree Uber and Lyft is not profitable anymore who ever out there saying is making money is lying
@@Junior.illinois How is it not profitable do you drive for them? How would you know.
@@YeenanKanyeYezudan Dude I'm not a newbie doing this for many years ! is not worth it anymore ! I challenge you today or any time at Florida state with my uber account or other rideshare app with my new Nissan SUV, if you able to make money with the rip off upfront ! with low offers of 4usd and long rides of one hour of 16 usd or less minus fuel . Uber and lyft or indrive is all scamm now
As an Uber driver myself most days I make less than $50 profit. It doesn't matter if I accept all the trips, only the worthwhile trips, or only the best trips. The rider abuse is absolutely insane. When riders trash the vehicle Uber doesn't always compensate us for it. Uber favors riders over drivers when incidents occur.
12.29 I agree is the typical hourly rate right now for drivers in Philadelphia it’s ridiculous and no one should work for that, 35$ an hour should be the minimum for the hours you are working and depreciation you are doing to the car
As an accountant, I appreciate the effort that you put into this and I will be watching the breakdown video as well, thanks Eddie!
In wisconsin we can make 20to25$ an hour. Where are u guys loving that u want uber to go out of business? If u drive 40hrs a week u should see at least $1000. U guys pick n choose rides based off stats and charts is why u not making real money. I did 66k in 2023 and I have a full time career. Help me understand how u not seeing money
Eddie, you are a legend, sir. I hope people see your video far and wide. So many things that people don't think about.
I appreciate that! It’s really starting to bother me what uber and lyft are doing to drivers
$0.67 per mile x 100,000miles= $67,000.00 I have a very nice used "Cheap" Fusion Hybrid oil changes, tires, trans drain and fill, 40-50 MPG depending on the season. I set aside $100 per month for repairs. PS: I Cherry pick by time. In my market my wheels do NOT move for less that $12 per 30 minute trip. PSS: The car I use for Uber is 90% just for Uber. It's a business vehicle and at 150-200k miles it blows up I will buy another one for $15,000-17,500.
For every 20,000 miles per year @ $0.67= $13,400. Here is the cost break down for a hybrid. $1700 gas, $250 tires ($1,000 every 50-60k miles/ Good to very Good Tires), $400 oil/ tire rotation ($100 every 5k miles/ Full Synthetic), $750 (other repairs) so I am still up $10,300 after estimated maintenance and repair costs per year. Where am I wrong?
The 67 cent mileage depreciation calculation is based only 15,000 miles per year.
I agree with everything your saying. Ive been tracking every trip details since I started 3 years ago. I think on my best day it summed up to around $1.40 per mile. Yet after a $0.57 depreciation per mile. And $0.17 per mile in gas. I didn't make nearly as much as uber and Lyft would claim. not to mention a third of what you make should be set aside for maintenance expenses till a driver reaches 5 to 8 thousand saved
Have you noticed a decline in the past 3 years as well? I def have
So as a part time, is it worth it to drive for Uber and Lyft here in Florida?
A decent idea for a video would be to show drivers how to look up their depreciation value on the IRS site. Then break down their cost by dividing the cost per gallon by the mpg shown on the dash. Also give a value to driver time vs the expected mileage of a driver working full time and or part time. It's hard to determine. But base it on an average of 25 to 40 miles per hour. With slow hours being that of 18 to 22 miles. I usually dive every min of a hour by $38. To track how much I should be paid per hour.
As Beryl hurrican hits Texas..
I recommend people who able to have wifi, thick skin, and Uber app to go get those multiple delayed flights that are going to happen in a few weeks.
Get these family home fr.
Also, charge your damn phones everybody in Texas
As Beryl hurrican hits Texas..
I recommend people who able to have wifi, thick skin, and Uber app to go get those multiple delayed flights that are going to happen in a few weeks.
Get these familes home fr.
Also, charge your damn phones everybody in Texas
Just commenting so that someone doesn’t say “first.”
Not yours, just your turn. 6th.
Curious if you counted the mileage to get to and from the shore? Maybe divide it by the amount of days you drove there to average it across the 2 or 3 days. And any incidentals like more fast food or lodging if you stayed the night.
Did not count the mileage bc I figured I’d be down here anyway.
But it’s funny you mention that, I rememebr the first summer I was driving (2016) I met a driver at the wawa in wildwood who told me him and two other drivers from Philly rented a motel for the weekend to work down here. Back then it was worth it. Now there are just too many drivers no one would ever do that
@@Driver_Eddie That's cool if you had some time to enjoy the beach and festivities. I'd only go down to be part of the nightlife, but then I wouldn't make any money. It would have to be one or the other for me.
Uber is no longer an option in Florida, the fare the rate are horrible especially during summer time, you make under a thousand dollars with 40 hours of driving, gas is about 150-200 dollars so if you make $900(if your car average 30-34mpg) after gas alone you left with 700, not counting other maintenances like tires, oil change, vehicle worn down, snacks, phone batteries,etc. plus immigrants with work permits willing to take anything uber throws at them, its not going well at all
@@kanele1309 indeed
How long is wait-list for new drivers?
😂
The 67 cents is not for repairs and gas. It is for total accrual to make you whole. You have to set that money aside so you can purchase a new car.
Okay, got it. Driving Uber is worth it just a few days per year on a particular spot. i wonder if there is a database showing these spots and dates near me (Paris, France)
There is def the data out there, but will lyft and uber share it? Of course not
I would bet with the Olympics there will be areas that will have high earnings though
The maps Uber shows when you're driving are always gray. Gray means high earnings expected. Their perception of high is dellusional because most days my map is gray but I make less than $50 a day working full time.
@@Driver_EddieI worked for the Super Bowl once. Uber was offering I think $80 a ride, which sounds absolutely amazing at first. But when I got there many riders were offering hundreds of dollars in cash on the spot for people to cancel their Uber ride and take them instead. One guy gave me $300 and another driver was given $1000, cash on the spot. For reference, taking somebody 6 hours across the state of Arizona pays just $220, not including the ~$100 in gas.
Did you accept every ride?
Nope
The deal isn’t worth it for hertz or the driver, you will have to work an insane amount of hours to pay off a rental and pay yourself for the hours you work
Wow! Only 67c/Mile. Australia's tax office allows 88c/Km. When currency and metric adjusted that works out to 42% more than in the US. Yet we Aussies think it is unrealistically low, so unless we are being lazy, we often choose to itemise our actual car expenses and deductions.
Yooo that’s crazy ! Thanks for sharing, makes me feel even better about the 67 method
In Finland it is only 57c/km and our conditions are harsh for cars.. Winter, salt, dirt roads... You can still earn a Tesla with them if you drive enough of course. Electricity is pretty cheap.
Which is better to drive for Uber or Lyft?
Both
I’d say neither, they are basically the same. When I am driving, I go with the one that has higher rates / or better promo
In my market there is no spots anymore
I'm a big example I drove my car like crazy long rides airport and now I have 330k keeps repairs here than there and I still owe on my car loan don't drive your car to these trash uber lyft you will go bankrupt.
Facts
number 1
I understand that there are a ton of ants who cant do math, but what baffles me is that legislature and regulatory bodies including FTC and department of labor sees wtf is goin on but doesnt give a damn.
Well said
Uber takes too much of the fare for themselves, drivers used to make 60-100k a year, a fair amount for the hours they put in and depreciation to their vehicles, and dealing with ill and sick passengers from hospitals and schools, now a driver makes about 16-30k per year, it is simply not worth it anymore with the hours you will have to put in , look for a real job with health benefits, or a company that actually appreciates you and raises the pay over the years, not decreases it like Uber has
Now 30k - 60k!
@@bobwillard4359 Uber x and comfort driver here , the demand is not high enough to earn 60k gross or 60k profit as an uberx driver in Philadelphia, there are many hours throughout the week where I do not receive a single trip, and I drive 7 days a week, the reason is because there are so many drivers in Philadelphia trying to do this as a full time job that they can price the trips lower and pay the drivers less, this week 4th of July, a holiday week which should pay more, I have 20 hours online only made 224$ , with that math, you would have to be online for 51 hours per week just to gross 30K$ , so that would be 100 hours a week to gross $60k and no one is working that many hours in their car, Uber premium driver may gross $60k but have higher vehicle payment, insurance and fuel cost
If you go on Ubers app and pretend you are going to order a ride, you can see that there are 10+ Uber cars that are not on a trip , in any area of the city , at any given time of the day , this is why i say look for another job because Uber drivers are not in demand in Philadelphia they are in a surplus so that’s why they can pay you less, you want to work a job where the demand is high all the time
Uber x and comfort driver here, I have 20 hours online this week and only made $224 , with that math, you would have to work 51 hours per week to gross $30k and 102 hours per week to gross $60k , in Philadelphia drivers are grossing 16-30k annually it’s a disgusting amount for the hours they work and the depreciation they will make in 1 year to their vehicle
Preach! Couldn’t of said it better myself
🚗
midwest........horrific
How so?
did you accept everything? comes in?
Nope
@@Driver_Eddie any tips how u did it? on what and why to accept rides?
67 cents also covers depreciation
Excellent point I didn’t even think of that
Pin your other social medias...👍
Honestly I don’t really post on anything other than here, occasionally TikTok @driver.eddie
My driver cancelled my airport ride because his E-vehicle was charging? Good grief. Opportunity cost.
If you drive 170 miles per day at $1/mile at .67 per mile that $113 that's $67 for a 10 hour shift. This video makes no sense. Nice try man. Cool videos but none of it is really practical, maybe as a fun experiment or sporadic trail not as a living basis.
Ironically, your comment makes no sense to me. You want to try that again ?
@@Driver_EddieYeah his wording is terrible but I think what he’s trying to say is, if you’re deducting .67 cents in depreciation expense for every mile you drive then at 170 miles driven a day your profit would be around $57. Edit may be less than that if you factor in insurance, gas, and maintenance budget.
I don't think he's paying any attention. Based on his comment. He thinks your saying people should work because it's profitable. Although your whole video is about how it's not profitable or practical to driver for u er and Lyft. Some people have short attention spans.
Well said Uber and Lyft is not profitable anymore...who ever say is making money is lying
@@Junior.illinois The greed of Uber and Lyft is on another level. They can only remain profitable by stealing from their drivers. What this will eventually cause is new localized rideshare apps to pop up like Hum, Wridez, iDriver, Fare rides, etc. Uber is racing to move to driverless cars but the technology is not fully there even Waymo has issues getting around certain areas and have to be serviced after a certain amount of trips. Some drivers are doing privates rides and the ones left are the desperate accepting the crumbs so it’s a race to the bottom.
First