DollarSprout Side Hustle Report 2024: Side Hustle Statistics and Industry Overview

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More people are side hustling than ever before. Explore the evolving landscape of gig work and its relationship with the traditional job market.

Written by Jeff Proctor Last Updated: April 1, 2025 Reviewed by Ben Huber

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In a world where inflation is here to stay, the allure of side hustles seems to be at an all time high.

With insights from individuals across the United States, our latest study peels back the curtain on the inner workings of the side hustle economy.

It reveals not just the economic motivations driving people towards these additional income streams, but also the personal aspirations and challenges they encounter along the way.

From the time committed each week to the variety of side gigs pursued, and the tangible impact on participants’ wallets, the 2024 Side Hustle Report by DollarSprout offers a comprehensive look into the hustle culture that’s reshaping the American dream. (See Methodology)

Overview of the top side hustle statistics in 2024

Rising living costs, inflation, and economic uncertainty have prompted individuals to seek additional income streams at an astonishing rate.

• 69.6% of Americans now report having a side hustle.
  • 115.9 million Americans 16 and older report having a side hustle.
• 68% of side hustlers earn less than $500 per month.
  • 12% report earning $1,000 or more per month.
• 72.4% of men and 66.8% of women report pursuing a side gig.
  • Millennials make up 55.4% of all side hustlers; Baby Boomers 18.40%.
  • Black or African Americans are more likely to side hustle (15.2% participate vs. 13.6% of U.S. population).
  • Hispanic Americans are significantly less likely to side hustle (3.2% participate vs. 19.1% of U.S. population).
• Reselling or flipping items (39.40%) and online freelance work (29.80%) were the most side hustles, outside of market research (paid surveys).
• 77.2% of side hustlers are somewhat or highly dependent on earned income.

Survey data

Americans from all walks of life were asked 11 questions about their participation in the side hustle work. Here’s what their responses revealed.

How much are side hustlers earning?

Source: DollarSprout 2024 Side Hustle Report

Monthly earnings can vary widely but are generally correlated with how numerous hours each week someone is putting in.

• $0 - $100: 32%
• $101 - $500: 36%
• $501 - $1,000: 20%
• $1,001 - $2,000: 8%
• More than $2,000: 4%

18% of side hustlers are spending more than 15 hours per week on their side hustle(s).

Source: DollarSprout 2024 Side Hustle Report

More than 1 in 4 side hustlers depend on that income for everyday expenses

Source: DollarSprout 2024 Side Hustle Report

27% of side hustlers are “highly dependent” on the extra income, while 23% are “not dependent at all”.

Money is still the motivating factor for most side hustlers

Source: DollarSprout 2024 Side Hustle Report

“Earning extra income” remains the primary motivation for 80% of side hustlers. “Passion and personal interest” were the primary motivation for only 8% of side hustlers.

The impact of AI on side hustlers

Source: DollarSprout 2024 Side Hustle Report

AI tools like ChatGPT have been taking the world by storm over the past year, and side hustlers have definitely started to take notice. Here’s what they had to say about the rise of AI and automation tools:

• 40% say that AI has created more opportunity
• 30% reported increased efficiency
• 24% say it has made their side hustle more competitive
• 42% report that the impact of AI has not yet been significant

How has inflation affected side hustlers?

Source: DollarSprout 2024 Side Hustle Report

It should come as no surprise that gig workers are also feeling the pinch from inflation. However, there is also a small portion of workers (8%) that say inflation has actually improved profitability for their side hustle.

• 26% of side hustlers report significantly increased costs and reduced profitability
• 30% report somewhat increased costs
• 36% claim that inflation has had no impact on their side hustle yet
• 8% say inflation has improved profitability for them

On the impact of proposed gig work regulations:

Source: DollarSprout 2024 Side Hustle Report

The survey’s findings on proposed regulations for gig work, such as for ride-sharing and delivery services, reveal a wide range of opinions. A notable 39% of respondents believe these regulations will positively impact their side hustles by providing more rights and protections. However, 12% anticipate a negative effect, fearing increased costs and reduced flexibility. The remainder either see no impact or are unsure, reflecting the uncertainty in how regulatory changes could shape the gig economy’s future.

• 39% anticipate a positive impact
• 12% expect a negative impact
• 34% say there will be no impact
• 15% of respondents are unsure

How has the trend of remote work impacted side hustling?

Source: DollarSprout 2024 Side Hustle Report

A significant portion of those surveyed (43%) found that the shift towards remote work not only opened up more hours in the day for their side hustles but also enhanced their ability to juggle multiple income streams more effectively. This suggests a positive correlation between the flexibility afforded by remote work and the growth of side hustle activities.

On the other hand, a smaller group (7%) discovered that the benefits and freedoms of remote work diminished their need or desire to pursue additional work.

Outside of surveys, online freelance work and selling goods online are the most popular side hustles

Source: DollarSprout 2024 Side Hustle Report

It’s key to note that these results are somewhat skewed since this question was asked in a survey.

Online freelance work and selling goods online have emerged as the most popular side hustles among Americans. This trend clearly shows a growing preference for digital platforms that offer flexible earning opportunities outside of traditional employment.

• Online freelance work (e.g., writing, graphic design): 29.80%
• Ride-sharing/delivery services: 23.20%
• Selling goods online (e.g., Etsy, eBay): 39.40%
• Real estate (e.g., Airbnb): 9.00%
• Investing/Trading: 23.20%
• Surveys: 72.6%
• Other: 10.20%

Note: Respondents were allowed to pick more than one selection in the above question.

Side hustles and the post-pandemic economic recovery

Source: DollarSprout 2024 Side Hustle Report

In the context of the post-pandemic economic recovery, our survey found some illuminating statistics: 40% of respondents were encouraged to start or continue their side hustle as a financial safety net, while 31.4% saw it as an opportunity to capitalize on new possibilities emerging from the recovery phase. This indicates a significant portion of the workforce turning to side hustles not only to navigate the uncertainties left in the wake of the pandemic but also to take advantage of the evolving economic landscape. Moreover, a smaller segment, 5.2%, reconsidered or stopped their side hustle activities, possibly reflecting adjustments to new job opportunities or shifts in personal priorities as the economy began to rebound.

An optimistic (or depressing) look into the future, depending on how you look at it

Source: DollarSprout 2024 Side Hustle Report

This enthusiasm points to the dual nature of side hustles: they’re not just a way to earn extra money, but also an avenue for pursuing personal passions and interests. However, this growing trend also prompts a deeper examination of our work lives. On the positive side, it showcases a proa

Final Thoughts

The bottom line: a little research on dollarsprout side hustle report goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is one click away.

Originally published at dollarsprout.com.