Here's How Much You Could Make As an Uber or Lyft Driver in 20 Major US Cities
While there's a huge disparity between how much ride-hailing services like Uber and Lyft say their drivers can make and how much drivers say they're making, we should arrive at a more accurate picture by looking at the data.
Thanks to SherpaShare, a financial-analytics site that allows drivers who work for on-demand companies to track their earnings, that picture just became clearer.
According to Uber, in 2014 the median wage for an UberX driver working at least 40 hours a week in New York City averaged to about $43 an hour. A more recent report from Uber, however, put that number closer to $30 an hour.
By aggregating data from more than a million drivers tracking their trips between January and May 2015, SherpaShare was able to average fare per trip in 20 major US cities.
While SherpaShare didn't reveal the average number of trips per hour drivers could make, we now know that the average fare for a New York City Uber or Lyft driver is close to $29.