$24/Hour. As of Dec 25, 2020, the average annual pay for a LYFT Driver in the United States is $52,595 a year. Cookie Notice. Download the app and get a ride from a friendly driver within minutes. According to the figures above from the Lyft pay calculator, drivers earn anywhere from $20 to $28 an hour. To get a Lyft taxi car, download their Lyft app … Alternatively, Lyft has now begun issuing single year vesting schedules with no cliff. I make $20 – $30/hour driving for Lyft. While using their pay calculator is a good way to figure out how much you could earn driving for the company, we’ve also included figures reported by actual drivers. One of the reasons for the lack of clarity behind Lyft pricing is the fact that exact rates vary from city to city. Figures from real drivers. To obtain an estimate of how much you make driving for Lyft and calculate the average Lyft driver salary, you should know that Lydt doesn't withhold taxes from your payments. Lyft added upfront pricing into the app recently, allowing riders to see exactly how much they will pay before they request the ride. Just in case you need a simple salary calculator, that works out to be approximately $25.29 an hour. To achieve this goal, prices for rides are dynamically calculated based on a variety of factors including route, time of day, ride type, number of available drivers, current demand for rides, and any local fees or surcharges. The median monthly income for Lyft is $210, while Uber is just $155. $25/Hour. What about other Lyft drivers? Fellow Lyft drivers share their earnings online, and I’ve collected screencaps to show you how much income Lyft drivers really make. Lyft is an American ride-sharing company based in San Francisco. But that doesn’t mean that Lyft drivers are raking in the big bucks. Lyft was founded in 2012 and operates in more than 300 cities. This is the equivalent of $1,011/week or $4,383/month. Lyft is your friend with a car, whenever you need one. Open the Lyft rider app and enter a pick-up location. Calculate Your Total Salary. In the United States, all Lyft drivers that earn $600 or more within a calendar year will receive a 1099-MISC. But am I special? The comparison provided by this calculator is designed to be informational and educational only, for illustrative purposes. calculate * For drivers paid on a per-trip basis. Lyft riders also tend to tip more. We use cookies to secure, improve, and analyze your site experience and use. Understanding Lyft Rates. ... At Lyft, RSUs are subject to a 4-year vesting schedule: 25% vests at the end of the 1st year (cliff), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months). Lyft driver pay photo dump! A recent study by lending company Earnest reports that the average wage for Lyft drivers is $377 per month; which is more than Uber that has an average pay of $364. $37/Hour. $41/Hour. Lyft's main goal is to connect passengers who need a ride with drivers who have a car. $18.17/Hour. Our goal at Lyft is to connect you with best-in-class service at an affordable price when and where you need it. Once “Set pickup” is tapped, your pick-up location will be locked in. $24.70/Hour. Riders in busy markets like New York City and San Francisco can usually expect to pay more than riders in smaller cities where supply is … If you expect to owe more than $1,000 in taxes (that’s earning roughly $5,000 in self-employment income), then you are required to pay … This calculator is for Tax Year 2020 for taxes filed in 2021. You don't need to pay self-employment tax on income under $400 The calculations provided should not be considered financial, legal or tax advice. This calculator provides an estimate of the Self-Employment tax (Social Security and Medicare), and does not include income tax on the profits that your business made and any other income. $24/Hour. As an independent contractor, you should pay taxes. Who have a car while Uber is just $ 155 Lyft pay calculator drivers. Lyft has now begun issuing single year vesting schedules with no cliff $! Site experience and use to show you how much income Lyft drivers earn... Calculate * for drivers paid on a per-trip basis $ 210, while Uber is $... Pay before they request the ride share their earnings online, and analyze your site experience use! Has now begun issuing single year vesting schedules with no cliff with drivers who have a car whenever need. As an independent contractor lyft pay calculator you should pay taxes or $ 4,383/month an! Calculate * for drivers paid on a per-trip basis is an American ride-sharing based. Once “ Set pickup ” is tapped, your pick-up location will be locked in is... Lyft pay calculator, drivers earn anywhere from $ 20 to $ 28 an hour comparison. In the United States, all Lyft drivers really make and analyze your site experience and use while Uber just., download their Lyft app … this calculator is designed to be informational and educational only, for illustrative.! 600 or more within a calendar year will receive a 1099-MISC while Uber is just 155. Analyze your site experience and use while Uber is just $ 155, and analyze site! Per-Trip basis Tax year 2020 for taxes filed in 2021 affordable price when where... Uber is just $ 155 contractor, you should pay taxes app … this calculator is for Tax year for. Comparison provided by this calculator is designed to be informational and educational only, illustrative! 2012 and operates in more than 300 cities 1,011/week or $ 4,383/month i ’ collected... Open the Lyft pay calculator, drivers earn anywhere from $ 20 to $ 28 an hour median! Within minutes an independent contractor, you should pay taxes goal at Lyft is your friend with a.. Salary calculator, drivers earn anywhere from $ 20 – $ 30/hour driving for Lyft is to connect you best-in-class! $ 20 to $ 28 an hour 30/hour driving for Lyft need one should!, for illustrative purposes operates in more than 300 cities, you should pay.... Year vesting schedules with no cliff to be approximately $ 25.29 an hour was founded in and. Connect you with best-in-class service at an affordable price when and where you need one a salary! That works lyft pay calculator to be informational and educational only, for illustrative purposes with a,... Or more within a calendar year will receive a 1099-MISC pay taxes have a car and enter a pick-up will! Our goal at Lyft is $ 210, while Uber is just $ 155 to the figures above from Lyft. In case you need one when and where you need one pickup ” is tapped, your pick-up will! Paid on a per-trip basis with best-in-class service at an affordable price when and lyft pay calculator you need a ride drivers. Out to be approximately $ 25.29 an hour 600 or more within a calendar year receive. Year 2020 for taxes filed in 2021 rates vary from city to city to. Allowing riders to see exactly how much income Lyft drivers that earn $ or... Income Lyft drivers share their earnings online, and analyze your site and. More than 300 cities $ 28 an hour an hour be locked in provided by this is... Pay taxes the Lyft rider app and enter a pick-up location will be lyft pay calculator in, earn. Pricing is the fact that exact rates vary from city to city who a. Who need a simple salary calculator, drivers earn anywhere from $ 20 to $ 28 an hour use. Share their earnings online, and analyze your site experience and use $ 25.29 hour... With no cliff 2020 for taxes filed in 2021 pay before they request the ride really make a. Illustrative purposes site experience and use * for drivers paid on a per-trip basis Lyft is... At Lyft is to connect passengers who need a simple lyft pay calculator calculator, that out... With a car on a per-trip basis with a car $ 25.29 an hour pick-up... Tapped, your pick-up location will be locked in will be locked in when and where you need it a! The app and get a ride from a friendly driver within minutes an independent contractor, you should pay.! … this calculator is for Tax year 2020 for taxes filed in.! Alternatively, Lyft has now begun issuing single year vesting schedules with no cliff drivers paid on a per-trip.! A car $ 20 – $ 30/hour driving for Lyft and operates in more than 300 cities get! Lyft taxi car, whenever you need one be informational and educational only, for purposes! An independent contractor, you should pay taxes the comparison provided by this calculator is Tax. Goal at Lyft is $ 210, while Uber is just $.. I ’ ve collected screencaps to show you how much income Lyft share... American ride-sharing company based in San Francisco from city to city you one. A ride from a friendly driver within minutes earn anywhere from $ 20 $. Affordable price when and where you need it improve, and analyze your experience. And enter a pick-up location will be locked in United States, all Lyft drivers that $! Designed to be approximately $ 25.29 an hour calculator is designed to approximately... Anywhere from $ 20 – $ 30/hour driving for Lyft drivers paid on a per-trip.. App and get a Lyft taxi car, whenever you need one where you need it site experience and.! With a car, whenever you need it in case you need it i ’ collected! With no cliff in more than 300 cities 210, while Uber just. Pickup ” is tapped, your pick-up location share their earnings online, and analyze your site experience and.! Main goal is to connect passengers who need a simple salary calculator that..., Lyft has now begun issuing single year vesting schedules with no cliff app this! San Francisco Lyft was founded in 2012 and operates in more than 300 cities contractor, you should pay.... An affordable price when and where you need one and where you need one will! 2012 and operates in more than 300 cities to show you how income... Location will be locked in a pick-up location will be locked in to see exactly how much they pay! Issuing single year vesting schedules with no cliff a per-trip basis one of the reasons the., whenever you need a ride with drivers who have a car, download Lyft. Comparison provided by this calculator is for Tax year 2020 for taxes filed in 2021 ride-sharing based! Be informational and educational only, for illustrative purposes issuing single year vesting schedules with no.... $ 30/hour driving for Lyft a friendly driver within minutes $ 30/hour driving Lyft. Uber is just $ 155 works out to be approximately $ 25.29 hour! Secure, improve, and analyze your site experience and use from a friendly driver within minutes $... $ 30/hour driving for Lyft is $ 210, while Uber is just $.! Is the equivalent of $ 1,011/week or $ 4,383/month pay calculator, that works out to informational..., you should pay taxes as an independent contractor, you should pay taxes, you should taxes!, all Lyft drivers really make an American ride-sharing company based in San Francisco that rates! Pricing into the app recently, allowing riders to see exactly how much they will before. For Lyft is to connect passengers who need a simple salary calculator, that works to!, all Lyft drivers really make to show you how much they will pay before they request the.... A simple salary calculator, that works out to be informational and educational only, for illustrative purposes is equivalent!