Lyft drivers are independent contractors, and their income depends on how much they work. The average ride a Lyft driver accepts per hour significantly impacts their total revenue.
So how many rides can drivers expect per hour, and what impacts their income? Here’s everything you need to know and more.
Table of Contents
How Many Lyft Rides Do You Get Per Hour?
The average amount of rides a Lyft driver will receive per hour dramatically depends on the location, time of day, trip distance, and other factors. However, most drivers will complete between 2.5 and 4 rides per hour, depending on the circumstance.
How Much Does the Average Lyft Driver Earn?
Lyft drivers don’t work on a salary or hourly wage. Instead, Lyft drivers are independent contractors and earn income for the amount they work. Indeed estimated that the average annual earnings for Lyft drivers are around $30,000 to $32,000, which is below the national average.
How Much Do Lyft Drivers Earn Per Hour?
As mentioned earlier, Lyft drivers aren’t on an hourly wage and are considered independent contractors. However, Lyft drivers make an estimated hourly wage of between $15 and $18. This rate is after the Lyft platform takes its cut, which might be around twenty to twenty-five percent.
How Much Do Lyft Drivers Earn Per Week?
Lyft drivers earn between $15 and $18 an hour, depending on several different factors. We can take these numbers and estimate the weekly earnings of the average Lyft driver. Assuming you work 40 hours a week, you can expect to earn between $600 and $720 per week before including taxes and expenses.
How Much Do Lyft Drivers Earn Per Month?
Lyft drivers earn roughly between $600 and $720 per week on average. We can use these numbers and estimate the monthly earnings of the average Lyft driver. Lyft drivers might earn between $2,400 and $2,880 per month on average. However, these rates don’t include taxes or expenses, and your mileage will vary significantly.
What Can Affect Lyft Earnings?
There are multiple factors that can impact how much you’ll earn as a Lyft driver. Your total income can change depending on the hours, location, expenses, tips, and more. Here are some factors to keep in mind.
Your Location
The location you’re working in dramatically impacts how much you can earn. Cities with higher living costs will allow you to make more while working for Lyfts. For example, you’ll probably earn more in San Francisco compared to a small town in Minnesota. City drivers tend to make more than drivers in rural locations.
On top of that, you’ll need to factor in passenger density. More dense locations will have more passengers. If you have to drive into town to start receiving trips, you might not be in a busy area.
Surge Prices
Surge pricing will also impact your income. Surge prices provide extra income for high-demand areas, rush hours, and peak timeframes. Working during these time frames will significantly impact your total income when driving for Lyft.
Bonuses and Promotions
Lyft offers multiple bonus and promotion programs for its drivers. You might receive bonus periods and promotions throughout the week. If you work during these periods, you might be eligible to keep 100% of the earnings, which will positively impact your income.
Lyft Service Tiers
Some cities with Lyft offer different service tiers. Service tiers can vary from high-end vehicles to standard transportation, allowing customers to customize their experience. You’re sure to earn more income if you can offer luxury vehicles and services for your area. The service tiers can include:
- Lyft
- Lyft Preferred
- Lyft XL
- Lyft Shared
- Lyft Lux
- Lux Black
- Lux Black XL
The Hours You Work
As you might expect, the number of hours you drive will directly impact the amount you earn. Working more hours should increase your total income in most cases. However, you’ll need to optimize your schedule for the busiest time frames and locations to get the most out of your weekly schedule.
Average Lyft Rides Per Hour
The average amount of rides a Lyft driver will receive per hour dramatically depends on the location, time of day, trip distance, and other factors. However, most drivers will complete between 2.5 and 4 rides per hour, depending on the circumstance.
Lyft drivers make roughly between $2,400 and $2,880 per month on average. However, these rates don’t include taxes or expenses, and your mileage will vary significantly.