Actual Earnings of an Uber Driver (Updated for 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!

[Darlene-zwki]

It's actually possible to make more money on YouTube explaining why you shouldn't drive for Uber than you would driving for Uber

[kanele]

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

[kgreene]

As an accountant, I appreciate the effort that you put into this and I will be watching the breakdown video as well, thanks Eddie!

[Puffy]

I got interested in Uber when I got an Uber with someone who went from being a high-level Amazon manager to working the Uber. Rather than working at it like a typical 9-5, he made sure to min-max his pay per hour, ensuring he was making decent money to support his lifestyle (which was very modest, his car was a 15 year old toyota) while having tons of time to relax and live life.

He'd working only the most in-demand hours and figure out where to work for each hour. I.E. he'd work airports at 8am and 5pm, he'd work the downtown bar areas at around midnight, etc. When considering all of his expenses and the like, he was making a profit of like $30 an hour.

[notorious]

Uber sucks.. earnings are way down from 5 years ago. I quit after 1 week. It’s a total scam now.

[james-hpp]

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

[ayasinsk]

Uber is a scam. Only part time driving Friday Saturday is barely worth it. Hope Uber goes out of business.

[henrysir]

90% of drivers who are sharing there experience's on YouTube videos, are hardly making 50%of what uber is advertising. A lot of news stations are showing $8 an hour after taking all expenses out.UBER seems to have a big credibility problem! this is way below minimum wage.

[elishamorgan]

Eddie, you are a legend, sir. I hope people see your video far and wide. So many things that people don't think about.

[james-hpp]

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

[trayel]

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.

[kevonb]

Nobody can tell exactly how much you make on uber and lyft.

1 day i made $1, 000.

Another day u made $100.

Everyday is different. Every season is different.

People go different places. Peoole want different rides.

Some days I drive 10mins. And get a $50 tip.

You never know. Nobody has a accurate number.

[james-hpp]

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

[mmuhamme]

I used to do for extra money, but now get a regular job. My friends and I wanted a second job so we both sign up. We were disappointed with the paid. I had a trip from rocky hill CT to New Jersey for $78 +$40 for tolls. So in reality I made $78 for a 3:30hrs. I was so disappointed. Me and friend quite. I will rather get a job making $25 an hrs than driving Uber

[trayel]

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

[mikehenkes]

$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.

[mikehenkes]

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?

[nolva]

People stick to Uber eats picking up people is a risk and you don’t have to deal with people just delivering food you make about the same amount of money and if you work late you won’t have to risk picking up drunk people 🤷🏾‍♂️👊🏽💯

[Samwise]

Best explanation of the ride sharing nowadays thanks for the video man

[GinaGentil]

Thank you. For this info, I Quit. I appreciate your video.