What is the average salary for owner-operators?
How much can owner-operators make per year?
If you're interested in becoming an owner-operator, you're probably wondering how much you can earn in this career path. According to O*Net, the average salary for a tractor-trailer driver in the United States is $38,700 per year. This includes salaries for company drivers and owner-operator trucking salary estimates.
In many cases, owner-operator truck driver salary ranges are higher than company driver salaries. This is because per-mile pay tends to be higher for owner-operators. Many O/Os report earning between $0.60 and $1.00 per mile, with a rough average of $0.85 per mile. Comparing pay rates among different companies in your area can help you find the best option in your city. That’s why we work to give you a list of all the jobs available in your area.
However, you must also keep expenses in mind when you're considering becoming an owner-operator. As an O/O, you must pay for the upkeep of your truck, travel expenses, gas, tolls, and other expenses. These expenses may lower your take-home pay, so it's important to include them when you are calculating your income. If you have a loan out on your truck, you may also need to include your weekly or monthly truck payment in your budget. Though there may be many expenses for owner-operators, you may be able to write off some of it as a business expense on your taxes.