You already have a car. You know how to drive. Why not get into the lucrative Uber game? It’s not an uncommon thought. If you’ve ever spoken to your Uber driver, many of them seem to take up the gig to cover the cost of their car. But can you earn a decent living driving drunk idiots around your hometown?
The website NerdWallet actually crunched the numbers, looking at what it would take to earn $50,000, $75,000 or even $100,000 working for the companies Uber, Lyft and Sidecar.
Here’s the breakdown. The average Uber fare is $15.97. That means to make an annual gross income of $50,000, a driver would need to give just over 60 rides a week. But that doesn’t include the cost of maintaining the car. Using a 2014 Toyota Camry as the base model, it takes 1.32 rides a week to cover insurance and 6.11 rides a week to cover the cost of car ownership.