How much money do Lyft drivers make in Minneapolis?
Lyft Pay Minneapolis – Minneapolis Lyft driver Salary
How much do Lyft drivers make in Minneapolis? Below, we explore the question of how much Lyft drivers earn in the Minneapolis – St. Paul area (annually).
Our estimate for an Lyft Drivers’ salary in Minneapolis is $39,655.20.
Lyft Driver Hours & Expenses in Minneapolis.
Assuming that an average Minneapolis-based Lyft driver works around 30 hours per week, it is possible to estimate the yearly income of a typical Lyft driver in the Minneapolis – Saint Paul region:
- An average trip for a Lyft driver pays out approximately $12.71 in the Minneapolis area
- Lyft drivers are also able to complete about two full trips per hour (equating to an hourly income total of $25.42)
And, since an average Lyft driver works about thirty hours per week, the total per-week earnings for a typical driver amount to $762.60 — making a year’s salary for a Minneapolis Lyft driver $39,655.20.
Minneapolis Lyft Driver Salary – Expenses & Commission Costs
A Lyft driver’s revenue in Minneapolis is a gross salary estimate (*, i.e., it does not factor in Lyft’s commission, or other operating costs, including vehicle maintenance, taxes, fuel).
However, costs differ significantly by vehicle (and driver) – income also depends, to a large degree, on when & where Lyft drivers choose to drive.
For drivers who target high-demand areas of Minneapolis, income will be higher. Driving a hybrid or electric vehicle will help lower a driver’s operating expenses.
Best Locations for Lyft Drivers in Minneapolis:
- Downtown Minneapolis
- Downtown St. Paul
- Minneapolis – Saint Paul International Airport
- Minneapolis Community & Technical College
- North Loop
- TCF Bank Stadium
- University of Minnesota
- Uptown Minneapolis
Best Times for Lyft Drivers in Minneapolis:
Weekend/Friday & Saturday:
- Noon – 7.00pm;
- 9.00pm – 3.00am
- Morning: 5.30am-9.00am
- Evening: 4.00pm-8.00pm