When the actual hourly Uber wage was below minimum wage we determined they would be better working at McDonald’s. The higher the actual hourly Uber wage was than the minimum wage, the better opportunity driving for Uber was. With that in mind, we decided to just compare the actual average Uber hourly earnings by city to the local minimum wage. To account for all of these expenses, we deducted a flat 20% from the hourly earnings of Uber drivers to get the actual hourly earnings drivers.Īfter having the hourly wage, we had to answer another question- would they be better off working somewhere else? Since Uber drivers have different qualifications and backgrounds, we didn’t want to make any assumptions about their earning potential outside of Uber. That $5.80 doesn’t even take into account self-employment taxes. Even in the most congested city, a driver will be hard pressed to drive less than 10 miles in an hour of driving. 58 a mile by the IRS, driving just 10 miles costs a driver $5.80 in actual earnings. However, Uber drivers are responsible for their share of unseen expenses. We used data on hourly Uber driver earnings in 25 of the busiest Uber markets from the RideShareGuy’s survey.Īt first glance, these earnings can look impressive. We have a full breakdown at the bottom, but first here is the breakdown of our numbers: How We Determined The Cities Where Uber Drivers Are Pulling In Decent Cash The better areas to drive are lower cost areas where making minimum wage means making $7.25 an hour. What do the worst cities have in common? Almost unanimously they are expensive areas that have a higher minimum wage than the federal wage. These are the best- and the worst- places to Uber drive. Where Uber Drivers Would Be Better Doing Almost Anything Else
We have a breakdown of all the cities at the bottom, but first let’s examine the cities with the best (and worst) earnings. We examined some of the hottest Uber markets in the country to see if the drivers are making bank, or would be better off doing almost anything else. So, is Uber worth it? Well, the answer has a lot to do with where you’re driving. Some find themselves grinding and racking up car repairs but not much money. While driving for Uber can seem like a sweet way to make some extra cash, not every driver comes away with a fuller wallet. However, while Uber is certainly flexible, the well-paying part is a little bit less clear. Uber touts itself as a well-paying, flexible way for people to earn money on their schedule. The gig economy has become pervasive throughout our society- and it is only growing bigger. Even if you haven’t driven for Uber, you have almost certainly ridden in one or one of their competitors.
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