Former Liverpool captain Gerrard, who plays with LA Galaxy, brings in $6.3million (£4.3m) per year while Chelsea icon Lampard (New York City FC) is just behind his former England teammate on $6m (£4.1m)
In third position is Toronto captain and USA international Michael Bradley on $6.5m before Gerrard and Lampard.
Former Premier League stars Robbie Keane (LA Galaxy), Tim Howard (to join Colorado Rapids in July) and Didier Drogba (Montreal Impact) come in at 11th, 12th and 13th respectively while former top flight defender Liam Ridgewell, who captained Portland Timbers to the MLS Cup last season, is 19th on the list.
1. Kaka (Orlando City) - £4,873,900