According to our data, in 2019, the average rates of an UberX or Lyft standard in the US are as follows: UberX: Minimum Fare $6.67 Base Fare: $3.87 Cancel Fee: $5.08 Cost Per Minute: $0.18 Cost Per Mile: $1.16 Lyft Standard: Minimum Fare $4.24 Base Fare: $1.36 Cancel Fee: $7.21 Cost Per Minute: $0.18 Cost […]
According to our data, the average cost of an Uber ride at the end of 2019 was $50.41. In contrast, the average cost of a Lyft ride was $49.14. The most expensive states for Uber rides were Kansas (average of $100), Missouri (average of $83), and Wyoming (average of $86). The least expensive states were […]
According to our data, the average cost of a Lyft ride at the end of 2019 was $49.14. In contrast, the average cost of an Uber ride was $50.41. The most expensive states for Lyft rides were Kansas (average of $100), Missouri (average of $97), and Wyoming (average of $85). The least expensive states were […]
Uber and Lyft drivers are independent contractors who operate as sole proprietors for tax purposes. This tax status means that a driver incurs self-employment tax and pays Social Security and Medicare taxes typically paid by employers. Drivers should keep track of all expenses incurred while driving for Uber and Lyft to reduce their tax burdens. All of the […]
Uber and Lyft add airport rates on each trip from airports to comply with local regulations. These rates are comparable to the rates applied to traditional taxi companies. There isn’t a standard rate charged by Uber and Lyft because the rates are dependent on local regulations. By looking at a few examples, you can find out […]
Uber and Lyft tend to be cheaper than taxi services regardless of location. You can compare services in San Francisco, Minneapolis, and Atlanta to confirm this conclusion. In San Francisco, the average taxi ride from the San Francisco International Airport to Fisherman’s Wharf is $51.40. The same ride with Lyft is approximately $38, while Uber estimates a $40 fare for this trip. A taxi […]
Uber and Lyft may be subject to municipal, county, or state sales taxes on services. The companies do not charge sales tax of their own.
Uber After selecting a ride, an Uber rider can choose the Split Fare feature on the ride screen. This screen allows the user to add names and phone numbers of fellow passengers to evenly distribute the fare. The Split Fare feature adds a 25 cent processing fee per passenger to the fare. Lyft Lyft offered an in-app fare […]
The fare for each ride on Uber or Lyft is charged per trip rather than basing prices on the number of passengers. Each fare is based on the distance and time required to complete each trip. Uber offers an in-app feature to split fares among multiple passengers, while Lyft was working on a new split fare feature as of April 2019.
Using the price estimators for Uber and Lyft, drivers can make slightly more on Uber than Lyft rides. In New York City, an UberX driver receives 75% of each ride with a minimum fare of $8 and rates of $0.74 per minute and $1.62 per mile. Lyft drivers in New York City receive 75% to 80% of each […]