How much money do Lyft drivers make in Newark?
Lyft Pay Newark – Newark Lyft driver Salary
How much do Lyft drivers make in Newark?
We examine the question of Lyft driver incomes in Newark, New Jersey and estimates that a Newark Lyft driver’s salary is approximately $30,888 (per year).
Lyft Driver Hours & Expenses in Newark
It is possible to estimate the earnings of a Newark Lyft driver, as follows:
- An average trip for a Lyft driver pays out approximately $9.90 in the Newark area.
- Lyft drivers are able to complete about two full trips per hour (i.e., equating to a total hourly rate of $19.80).
Assuming an average Newark-based Lyft driver works about 30 hours per week, their total earnings amount to approximately $594.00 per week.
This equates to a yearly salary of $30,888 for a Newark-based Lyft driver.
Driver Expenses & Lyft Commission
A Lyft driver’s revenue in Newark 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 Newark, income will likely be higher. Driving a fuel-efficient or hybrid vehicle will almost certainly lower a driver’s operating expenses.
Best Times for Lyft Drivers in Newark:
- Morning: 5:00am – 8:00am
- Evening: 4:00pm – 6:45pm