How to Calculate Rideshare Driver Earnings
What is Rideshare Driver Earnings?
The Rideshare Driver Earnings Calculator reveals true net hourly pay after gas, depreciation (IRS standard $0.67/mile), and extra commercial insurance. Most Uber/Lyft drivers earn $22-28/hr gross but only $9-14/hr net — many gig studies show drivers underestimate costs by 50%+.
Formula
Net = Gross − (Miles × $0.67) − Gas Cost − Insurance Extra
Step-by-Step Guide
- 1Enter required inputs
- 2Calculator outputs key result and related metrics
- 3Review and compare scenarios
Worked Examples
Input
30 hrs, $22/hr gross, 18 mph driving, $3.80 gas, 28 mpg
Result
~$340/wk net = $11.30/hr true hourly
Common Mistakes to Avoid
- ✕Forgetting to include all relevant inputs
- ✕Using outdated reference values
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