How much money do Lyft drivers make in Chicago?
Lyft Pay Chicago – Chicago Lyft driver Salary
How much do Lyft drivers make in Chicago?
This post looks into the question of Lyft driver income in Chicago, Illinois, and estimates that a Chicago Lyft driver’s salary is approximately $43,024 (per year).
Lyft Driver Hours & Expenses in Chicago
It is possible to estimate the earnings of a Chicago Lyft driver, as follows:
- An average trip for a Lyft driver pays out approximately $13.79 in the Chicago area.
- Lyft drivers are able to complete about two full trips per hour (i.e., equating to a total hourly rate of $27.58).
Assuming an average Chicago-based Lyft driver works about 30 hours per week, their total earnings amount to approximately $827.40 per week.
This equates to a yearly salary of $43,024 for a Chicago-based Lyft driver.
Driver Expenses & Lyft Commission
A Lyft driver’s revenue in Chicago is a gross salary estimate. As such, it does not factor in Lyft’s commission (25%), or other operating costs, including fuel, car insurance, or other expenses.
For drivers who target high-demand areas of Chicago, income will likely be higher. Driving a fuel-efficient or hybrid vehicle will almost certainly lower a driver’s operating expenses.
Best Late-Night (9.00pm – 1.00am) Locations for Lyft Drivers in Chicago:
- Belgravia Terrace
- Downtown Chicago
- Gold Coast
- Lincoln Park
- Magnificent Mile
- Near North Side
- Near West Side
- Pine Grove
- The Loop
- Uptown Chicago
- West Town
- Wicker Park
Best Times for Lyft Drivers in Chicago:
Weekend/Friday & Saturday Nights:
- 9:00pm – 1:00am
- Morning: 6:00am – 8:30am
- Evening: 4:00pm – 6:00pm