Make $40,000-$90,000 per year by becoming an UberX driver or Lyft driver

122. Make $40,000-$90,000 per year by becoming an UberX driver or Lyft driver

Be an UberX driver in NYC for 10 years:

Median income of an UberX driver in NYC: $90,000

Amount drivers keep per ride: 80%

Million-dollar math: According to Uber, the median wage for an UberX driver working at least 40 hours a week in New York City is $90,766 a year and $74,191 a year in San Francisco. That means 10 years of work in NYC could earn UberX drivers $1 million. It'd take 13.5 years in San Francisco. That's without the cost of owning an operating a car built in, however.

Uber the company is only a few years old.

... or become a Lyft driver for life:

It will take you twice as long to make a million dollars as UberX, according to Glassdoor reviews.

Hourly Rate: $22.20, according to four driver responses on Glassdoor. A Lyft driver also told Business Insider's Megan Rose Dickey that he makes $800 a week, working five days a week. That's about $42,000 a year.

Amount drivers keep per ride: 80%. Lyft keeps 20%, just like Uber, unless it's during "prime (busy) time" on the app, in which case the drivers keep it all.

Million-dollar math: Assuming drivers work 40 hours a week, they'd have to work 21 or 22 years to make $1 million.

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Also check out idea nr. 90: $$$ >> Make $2,000+ per month – Become an Make-Money-Become-Millionaire consultant!

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