Gig Pay

Gig Pay
Photo by Joshua Lawrence / Unsplash

Uber

  • Uber has stated that its drivers can earn $55,000 per year, but independent analysis shows that the hourly earnings of a typical Uber driver are less than fifteen dollars an hour.
  • Uber estimates that a driver working forty hours per week will earn $1,309. This figure is drawn from data obtained in the suburbs of New York City, where driver supply tends to be high, and there are large population centers near one another.
  • Uber’s estimates show that a driver working about twenty hours per week will make just over $600, including about $40 in tips.
  • The average Uber driver earns between $8.55 and $11.77 per hour.
  • Full-time UberX drivers can expect to earn nearly $590 per week after tips when working 40 hours in a week.
  • One online earnings calculator shows that the average Uber driver’s annual salary in the United States is approximately $29,000.

Please note that these are averages and actual earnings can vary based on factors such as location, time of day, and the specific Uber service provided.

Other Gig Apps

Gig PlatformAverage Hourly Pay (USD)Source
TaskRabbit$35source
FiverrVariessource
UpworkVariessource
DoorDash$23source
Instacart$16.87 (approx. based on annual salary)source
UberEats$18.19source
Grubhub$18.19source
Postmates$18.19source
Freelancer$24.42source
Etsy Seller$15.85source

Please note that these are average figures and actual earnings can vary based on a number of factors including location, time of day, and the specific terms of each gig. The pay for Fiverr and Upwork varies greatly depending on the type of gig and the experience level of the freelancer.

Lyft

According to the information from the article on Ridester.com, Lyft drivers' earnings can vary significantly based on several factors. Here are some key points:

  1. Hourly Earnings: Lyft reports median earnings to be $29.47 an hour nationally and $31.18 an hour in their top 25 city markets during the time when drivers are actively engaged in rides. However, when considering the time spent waiting for rides, the hourly earning estimate drops to $18.83 an hour nationally and $21.08 an hour in their top 25 markets.
  2. Expenses: Rideshare drivers incur many expenses while driving, typically around $3–$5 an hour. However, this can vary based on the market. In more expensive cities such as Washington, D.C., Boston, or Seattle, expenses could be higher.
  3. Top-Paying Cities: The top-paying cities for Lyft drivers are the Bay Area ($23 per hour), Seattle ($22.67 per hour), San Jose ($22.27 per hour), New York City ($21.68 per hour), and Boston ($21.39 per hour).
  4. Annual Earnings: Using the $17 per hour figure and a full-time schedule, drivers can make about $35,360 a year. However, Salary.com reports that drivers make $36,603 per year on average. Drivers in the bottom 10% make about $24,758 in a year, and in the top 10%, they can make $52,078 annually.
  5. Tips and Bonuses: Lyft offers multiple types of bonuses to drivers. For example, drivers may earn a bonus if they drive during a prime time when more passengers are waiting for rides. Tips from passengers are another way to increase earnings.
  6. Tax Liability: Since Lyft drivers are independent contractors, they are responsible for paying their own taxes. The self-employment tax rate is 15.3%, and most states also charge a state income tax.

Remember, these figures are averages and actual earnings can vary based on factors like location, hours worked, and individual driver performance.

Gig Economy Apps
1. Uber - A ride-hailing app that also offers food delivery and courier services. Source 2. Lyft - Another ride-hailing app that operates in the US and Canada. Source 3. DoorDash - A food delivery service that operates in the US, Canada, and Australia. Source 4. Instacart - An app