How much money do Lyft drivers make in Miami?
Lyft Pay Miami – Miami Lyft driver Salary
How much do Lyft drivers make in Miami?
Below, we investigate the subject of Lyft driver earnings in Miami, Florida, and project that a typical Lyft drivers’ salary is in the range of $41,028 per year.
Lyft Driver Hours & Expenses in Miami
Assuming that an average Miami-based Lyft driver works thirty hours per week, it is possible to estimate the earnings of a Miami Lyft driver, via the following calculations:
- An average trip for a Lyft driver pays out approximately $13.15 in the Miami area.
- Lyft drivers are able to complete about two full trips per hour (i.e., a total of $26.30).
Since an average Miami-based Lyft driver works about thirty hours per week, total revenue equals $789.00 per week.
This equates to a yearly salary of approximately $41,028, for a typical Lyft driver operating in and around the Miami, Florida area.
Driver Expenses & Lyft Commission
Our projection of a Lyft driver’s yearly salary in Miami is a gross salary estimate (and does not factor in Lyft’s commission, or other operating costs, including vehicle maintenance, taxes, fuel, etc).
However, it is worth noting: costs differ significantly depending on driver, and vehicle. Driving a fuel-efficient or hybrid vehicle may greatly lessen a driver’s operating expenses, and allow drivers to keep a larger share of their revenue.
And, for drivers who specifically target high-demand areas of Miami, income will likely be higher.
Best Locations for Lyft Drivers in Miami:
- Bay Harbor Islands
- Biscayne Park
- Downtown Miami
- Fort Lauderdale
- Fort Lauderdale – Hollywood International Airport
- Miami Beach
- Miami Shores
- Oakland Park
- South Miami
Best Times for Lyft Drivers in Miami:
Friday & Saturday Evenings:
- 9:00pm – 2:00am
Weekday High-Demand Hours:
- Morning: 6:00am – 8:00am
- Evening: 4:00pm – 6:00pm