Tl;dr

It depends. But if you want it as a full-time job for a stable income, then no.

Competition

If you live in a high traffic city or states like San Francisco or New York, it’s not worth driving in. In those type of high traffic areas, you have to deal with Taxi’s, private drivers and then Uber/Lyft. Taxi’s/Yellow Cabs take up the majority of these cities high traffic cities. No matter how cheap these other companies are, a cab is always near you. An Uber/Lyft isn’t.

Even in West Palm Beach, FL… It’s nuts. The city is mostly in a medium traffic size. Not too busy, and not too slow. It does though get busy for concerts or events like Sunfest.

The Uber/Lyft competition are the drivers. Most of these drivers are full-time drivers. They have the Bluetooth earpiece in the ear, car cleaning materials in the trunk, 2 phones (1 for Uber and 1 for Lyft) and almost every driver has a Suburban or an Explorer. Then, of course, they have side amenities like drinks, etc to bribe you for a 5-star rating.

These full-time drivers, they’re always at airports. They have 2 phones, 1 for Uber and the other for Lyft depending which queue is shorter that day, etc and they keep that service on. The downside of this is that these drivers depend on long drives to pay for that downtime of waiting for…