There are a lot of opinions out there about driving for Uber and Lyft, but I’ve never tried to convince anyone that they should or shouldn’t do this job. Driving for rideshare services isn’t for everyone, but one thing I do know is that there are hundreds of thousands of people doing it and thousands more signing up every month. And if you’re considering it or you’re already a driver, my job is to provide the best information possible and serve as a resource to help answer all of your questions.
A few years ago, I posted about the earnings potential of a driver in the Los Angeles/Orange County area, but a lot has changed since then. Although that article extensively broke down my earnings, I figured it was time to update it.
So during a recent week of driving, I decided to track all of my rides and analyze my total income and driving strategy. I’m always looking for ways to earn more by working smarter, not harder and I think it’s important to take a break from driving every once in a while to reflect on ways to improve your driving strategy and increase your bottom line.
If you’re just in it to get in the car and drive, great. But if you’re like me, you probably want to maximize your revenue and figure out what the best strategies to drive are that fit in with your lifestyle. And since not everyone has the time to analyze a week’s worth of rides, I’ve done it for you!
The Takeaway: I tracked all my rides for a full week of driving in Los Angeles and averaged around $24 per hour before expenses. During the slower weekdays, I was closer to $15-$20 per hour but during a busy Saturday night, I made $262 over 8 hours of driving ($33.16 per hour) plus an extra $80 for hitting my 20 trip incentive. I also calculated how much I earned after expenses and taxes, since that’s something that drivers often overlook.