how much money can you make with uber in boston?
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Uber drivers in Boston made a median of 1.67 trips per hour. 34 percent of Uber Black drivers in Boston worked 16 to 34 hours per week and made an average of $22.55 per hour. About 30 percent of UberX drivers work between 16 and 34 hours per week and make $20.41 an hour or a maximum of $693 a week.
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Uber drivers make an average of $364 a month and a median of $155 a month driving for the ride-sharing company, according to the analysis. The average Uber driver in New York City takes home $25 an hour after commission and sales tax, Uber said in 2014.
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Below is a breakdown of the earnings in each of the major cities. Some Splend members in Sydney and Melbourne, who are professional drivers, are earning over $40+ per hour at peak times and making up to $1,500 – $2,000 per week with Uber.
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This is based on average earnings (after the Uber fee) of $25-$35 per hour. During special events and busy periods drivers sometimes make substantially more than that. Expenses to come off drivers earnings will be anywhere from approx 25-50% depending on individual circumstances.
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Surveys report that about 25 percent of American adults use the service, which works out to 50 million people. Uber could charge riders $5 per month for the right to log on to the service—a third of the price of a hipster's cocktail—and Uber would earn over $3 billion a year. That makes it profitable.
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The average trip for an Uber driver pays out $15.01, and drivers reportedly complete about 2 full trips per hour (i.e., an hourly earnings total of $30.02). Since an average Uber driver works about 30 hours per week, the total per-week earnings are $906.00 — making a year's salary for a driver $46,831.
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Driving an Uber or Lyft simply isn't as profitable as it once was. A recent study from the JPMorgan Chase Institute found that monthly earnings for Uber and Lyft drivers dropped 53 percent between 2014 and 2018. To be more precise: Drivers pocketed an average of $1,469 per month in 2014 but only $783 by 2018.
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Turns out the magic number for Boston is a household income of $120,900. That makes Boston one of the pricier big American cities in which to live comfortably (see chart below). From the study: "A Boston apartment with a couple of bedrooms will cost you $2,821 per month, on average.
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In the US, Uber claimed driver partners could make between $70,000 and $90,000 p.a., but the average income appears to be closer to $15 to $25 per hour. In India, $26,000 p.a. was an average salary. Keep in mind this is before you take into account any additional expenses you incur as a driver.
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The average trip for an New Jersey Uber driver pays out $12.93, and drivers reportedly complete about 2 full trips per hour (i.e., an hourly earnings total of $25.86). Since an average Uber driver works about 30 hours per week, the total per-week earnings are $775.80 — making a year's salary for a driver $40,341.
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Potential earnings “Owner income averages at around R2,500 per week for an UberX, and around R2,700 per week for an UberXL.” “This business model is becoming a major trend in Cape Town as a way to augment your salary with additional passive income.”
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Uber drivers typically collect $24.77 per hour in passenger fares. From that, Uber takes $8.33 in commissions and fees, about a third of all passenger fares. Vehicle expenses like gas and maintenance cost drivers about $4.87 per hour, Mishel determined, even after taking into account their tax deductibility.
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An analysis by the loan company Earnest has estimated that Uber drivers make an average of $364 per month and a median of $155 per month.
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Uber claims that on average drivers could make around £565 for a 35-45 hour week, and that's after it takes its 20% 'service fee' (though drivers who signed up after April 24 2016 have to pay 25%). For Stephen, driving for Uber provides him with a full-time wage.
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Uber Eats drivers can expect to make around $8 – $12 per hour after factoring in vehicle expenses.
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Uber takes a commission out of the $16.86. After a deduction of the $1.65 Rider Fee, Drivers keep 75% of the total fare price for a given ride. Uber takes 25% of the fare. This is the approximate net income from the 30 minute-ride.
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Average Uber Driver hourly pay in Canada is approximately $25.88, which is 34% above the national average.