Find out if signing up as an UberX driver is worth it.
How much you can make as an Uber driver is a contentious issue. Try to find an answer and you'll get a few estimated average incomes. You'll also find some debate over how much drivers actually earn. This is largely due to all the other costs that need to be factored in when you become an Uber partner driver.
The guide below can help you find out how much you can expect to make as an Uber driver in Australia before expenses, what expenses you need to deduct, and what your take-home pay will be each month. You can also use the calculator on this page to calculate your UberX yearly income.
How much can I expect to earn?
In Australia and the US, Uber drivers make 80% of their weekly fare total. Drivers in Australia have an average income of $35 to $40 per hour before Uber takes its 20% cut. In the US, Uber claimed driver partners could make between $70,000 and $90,000 p.a., but the average income appears to be closer to $15 to $25 per hour. In India, $26,000 p.a. was an average salary. Keep in mind this is before you take into account any additional expenses you incur as a driver.
UberX income calculator
Use the calculator below to work out how much you can earn as an UberX driver. Simply enter in all your expenses as well as the hours you're willing to work and the calculator will do the rest.
Disclaimer: Many of the comments in this article are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to verify the applicability to their own circumstances. Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. It doesn't take into account your financial circumstances and they are neither a quote or guarantee of your income as an Uber partner driver.
What expenses do I need to take into account?
Becoming an Uber driver has its fair share of expenses that can eat into your weekly pay:
- Car loan repayments. Is your car under finance? You'll need to take your loan repayments into account.
- Insurance. Uber require you to have compulsory third party (CTP) and third-party property damage cover. However, you might want a higher level of cover. You'll need to factor in the cost of this cover.
- Petrol. This will be relative to how many hours you work and how much you use your car outside of Uber-driving.
- Super contributions. As these won't be made by Uber, you have to make the decision whether you want to make these voluntarily.
- Phone plan. While you can claim this on tax as a work expense, you still need to have a plan that gives you fair amount of data and calls and GPS use each month.
- Car maintenance. This can include car repairs, tyre replacement and repairs and the general upkeep of the car such as getting your oil changed. This will differ depending on how old your car is, what type of car it is, how often you drive it and how you drive it.
- Parking. Do you pay for parking during your daily Uber driving? Factor this into your expense.
- Extras. If you've ever ridden in an Uber you'll note that they're generally quite clean. You might even notice a few extras such as gum, water or even magazines. If you want to keep your Uber partner rating up (drivers with a rating of less than 4.5 can't work) you might want to consider offering your passengers a few extras. At the very least, cleaning regularly is a must.
Taking all of your expenses into account can help you manage your budget and even reduce what you're spending. Remember, any of the above is tax-deductible.