✨ Fill and validate PDF forms with InstaFill AI. Save an average of 34 minutes on each form, reducing mistakes by 90% and ensuring accuracy. Learn more

Discover the High Earning Potential of Being an Owner-Operator Truck Driver

February 02, 2023 · 5 min read

As an owner-operator truck driver, you are self-employed and responsible for all the expenses of operating your own truck, including fuel, maintenance, and insurance. You also have to pay for your own health insurance and other benefits. Because of these additional expenses, owner-operators typically earn more per mile than drivers who are employed by a trucking company.

The typical salary for an owner-operator truck driver can vary widely based on factors such as the number of miles driven, the type of cargo being transported, and the driver's level of experience. According to the website Indeed.com, the average salary for an owner-operator truck driver in the United States is $100,000 per year. However, it is not uncommon for experienced, successful owner-operator truck drivers to earn significantly more than this.

Additionally, as an owner-operator, you have the flexibility to choose your routes and negotiate your rates with shippers, this can help you to increase your earning potential. However, this also means that you have to bear the risk of not getting enough loads or not getting the rates you want.

Furthermore, the earning potential for an owner-operator truck driver can also depend on the type of cargo you are hauling. For example, hauling hazardous materials or refrigerated goods typically pays more than hauling dry goods.

The earning potential for an owner-operator truck driver can vary depending on the state. In general, states with higher costs of living, such as California and New York, tend to have higher average salaries for owner-operator truck drivers. Additionally, states with more industries that rely on trucking, such as Texas, may also have higher average salaries.

Here are some examples of average salaries for owner-operator truck drivers in different states, according to Indeed.com:

  • California: $115,000 per year
  • Texas: $110,000 per year
  • New York: $105,000 per year
  • Florida: $95,000 per year
  • Illinois: $90,000 per year
  • Ohio: $85,000 per year
  • Pennsylvania: $80,000 per year

Keep in mind that these are average numbers, and the actual salary can be impacted by various factors, such as location, experience, and the type of cargo being transported.

Considerations for Becoming an Owner-Operator Truck Driver

It's also important to do your research and understand the costs and responsibilities involved in being an owner-operator truck driver before making a decision. There are some points to consider:

-Taxes: As an owner-operator, you are responsible for paying your own taxes and it's advisable to set aside money for taxes throughout the year.

-Equipment costs: Owning and maintaining your own truck and trailer can be expensive, and you will need to factor in these costs when considering your earning potential.

-Lifestyle: Being an owner-operator truck driver can be demanding, with long hours on the road and extended time away from home. It's important to consider the lifestyle changes you will have to make, and whether this type of career is suitable for you and your family.

-Load availability: The amount of work available can vary depending on the time of year, economic conditions, and other factors. It's important to research the market and find reliable sources of loads to ensure a steady income.

-Insurance costs: As an owner-operator, you will need to have insurance coverage for your truck, cargo, and liability. These insurance costs can add up, so it's important to shop around and compare rates to find the best coverage at the most affordable price.

-Fuel costs: Fuel is one of the biggest expenses for an owner-operator truck driver, and prices can fluctuate depending on various factors such as oil prices and supply and demand. To maximize your earning potential, it's important to stay informed about fuel prices and adjust your routes and load choices accordingly.

-Maintenance and repairs: Regular maintenance and repairs are necessary to keep your truck and trailer in good condition. This can add up quickly and it's important to budget for these expenses and set aside money to cover them.

-Health insurance: Owner-operators are responsible for their own health insurance, which can be a significant expense. It's important to compare plans and find a policy that provides adequate coverage at an affordable price.

-Competition: The trucking industry is highly competitive, and there are many owner-operators and trucking companies vying for the same loads. To succeed as an owner-operator, you will need to be diligent about marketing yourself, building relationships with shippers, and finding ways to stand out from the competition.

-Regulations and compliance: The trucking industry is heavily regulated, and owner-operators must comply with various laws and regulations regarding hours of service, vehicle maintenance, and insurance requirements. Failure to comply with these regulations can result in fines, penalties, and other legal consequences.


In conclusion, being an owner-operator truck driver can be a financially rewarding career with earning potential well above the national average salary. However, it also involves more responsibilities and risk compared to being a company driver. It's always recommended to research the market in your area to get a better idea of what you can expect to earn as an owner-operator truck driver.

by Yevheniia Osmakova

Was this helpful?