Price Difference: Uber vs Lyft
Update: 2025-11-23
Description
A recent study reveals a significant price disparity between Uber and Lyft, with an average 14% difference in fares for the same trip. This research, conducted for the National Bureau of Economic Research, estimates that New York City ride-hailing customers overpay by $300 million annually due to lack of price comparison. Both Uber and Lyft attribute price variations to factors like driver supply and demand, while Lyfts executive vice president encourages riders to check their app for better deals. The study finds no consistent price leader, suggesting that minor barriers to price checking may weaken competition and benefit the platforms.
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