In today's dynamic job market, the rise of the gig economy has significantly altered the way people work and earn money. Whether it's driving for a ride-sharing service, delivering food to hungry customers, or shopping for groceries on-demand, gig work offers flexibility and autonomy that traditional employment often lacks. However, understanding earnings trends within this ever-evolving landscape is crucial for gig workers to maximize their income potential. 

That’s why we’re releasing our first monthly Market Pulse Report for Solopreneurs.

Rideshare Trends:

Ridesharing platforms like Uber and Lyft have significantly altered urban transportation, providing convenient alternatives to traditional taxis. However, earnings in the ride-share sector can fluctuate significantly based on various factors such as location, time of day, and demand. 

Seasonal trends play a significant role, with peak hours during rush periods and weekends often yielding higher earnings due to increased demand.

We also took a look at how rideshare earnings are changing month-to-month in each state. Many states had steady month-over-month per hour, but a few states changed significantly. Take a look at the graph below to see how each state either increased (positive value) or decreased (negative value) from April to May. Wyoming saw the greatest decrease MoM, while New Hampshire and Iowa saw the greatest increases. Virginia, Michigan, and Oregon stayed steady in rideshare earnings

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Food Delivery Trends:

Food delivery services such as DoorDash, Uber Eats, and Grubhub have experienced a surge in popularity, especially amidst the COVID-19 pandemic, as more people opt for the convenience of having meals delivered to their doorstep. Just like rideshare, food delivery earnings can vary based on location and time. Dinner hours and weekends typically see higher demand, resulting in increased earnings potential for delivery drivers. The biggest tip that we saw in the dinner rush for drivers across the country was $990 on DoorDash. 

Understanding regional variations in earnings is essential for gig workers to optimize their income. Below is a comprehensive earnings trend map of the United States. These maps 

highlight the earnings per hour in each U.S. state, allowing you to be informed about the changes in earnings over time in your area. Washington, Alabama, and Nevada were the states with the highest earnings per hour in food delivery, with Washington at $16.30 per hour on average. Missouri had the lowest earnings per hour, at $11.39 per hour.

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We also took a look at how food delivery earnings are changing each month, specifically from April to May this year. Texas saw a near five percent decrease in hourly earnings, while Ohio saw an eight percent increase from April to May 2024.

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Introducing the Author

Shaili is the Business Operations Manager at Solo. With her background in supply chain and operations, analytics, and research, Shaili helps Solo scale and serve as many gig workers as possible.

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Solo

With this blog series, Solo aims to empower drivers to thrive in the gig economy by providing access to the most current and accurate information. By staying informed about seasonal fluctuations and leveraging resources like Solo's earnings trend map, gig workers can maximize their income and achieve financial stability in an ever-changing landscape. Check back next month for another release of Solo’s Market Pulse! In the meantime, you can read other blog posts here.