How Much Does An Average Owner Operator Make What is actual average owner operator net take home pay I ve been reading online that most owner operators gross around 150 000 200 000 but only bring home 55 000 to 65 000 of that money Is that right I ve seen job postings of non OTR and OTR jobs that pay even more than that
Software Engineer Teacher Truck Driver Administrative Assistant Firefighter Real Estate Agent Nursing Assistant Electrician Server Dental Hygienist Licensed Practical Nurse Delivery Driver Customer Service Representative Data Analyst Medical Assistant Welder Front Desk Agent Surgical Technician Substitute Teacher Dental Assistant Flight Attendant 1 How they select their loads How owner operators select their loads can have a big impact on how much they bring home because many of the methods have costs associated with them For example using a broker or dispatcher could mean losing 5 25 of the revenue on the load you haul in order to pay them for their services
How Much Does An Average Owner Operator Make
How Much Does An Average Owner Operator Make
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In reality many owner operators will only take home 45 000 80 000 per year with a 1st year average of 52 500 Of course this will vary depending on how much they gross and their actual expenses Why do owner operators take home less than half of what they gross One word expenses What kind of expenses do owner operators have to deal with The average salary for an owner operator is 167 288 in the US The average owner operator salary ranges between 105 000 and 264 000 in the US Owner operators hourly rates in the US typically range between 50 and 126 an hour Owner operators earn the highest salaries in Oregon 188 607 Alaska 182 238 and Rhode Island 181 529
Owner Operator Truck Driver Salary Weekly 644 1 279 8 of jobs 1 279 1 923 2 of jobs 2 403 is the 25th percentile Wages below this are outliers 1 923 2 558 20 of jobs 2 558 3 202 6 of jobs 3 202 3 837 5 of jobs The average wage is 4 395 a week 3 837 4 481 12 of jobs 4 481 5 115 12 of jobs 5 115 5 760 The estimated total pay for a Owner Operator OTR is 158 249 per year in the United States area with an average salary of 139 731 per year These numbers represent the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users
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Overview Salaries Interviews Insights Career Path How much does an Owner Operator make Updated Dec 5 2023 Experience All years of Experience All years of Experience 0 1 Years 1 3 Years 4 6 Years 7 9 Years 10 14 Years 15 Years Industry All industries All industries Legal Aerospace Defense Agriculture Arts Entertainment Recreation Total compensation will depend on load types experience business management skills and other factors but the average owner operator salary according to Indeed is 167 969 Learn all about the many factors that come together to affect an owner operator s salary
Also it s recommended to have physical damage insurance Your expenses on insurance may amount from 3000 5000 a year or 250 to 400 per month on insurance 5 Fuel Fuel is one of the biggest expenses of owning a truck for an average owner operator An average owner operator spends 50 000 to 70 000 per annum or 4000 to 6000 each month According to industry estimates annual earnings for owner operators can range from 50 000 to 150 000 or more depending on factors such as experience geographic location industry segment and business efficiency Here is a chart showing the average annual income of an owner operator truck driver vs the cost of living index in each state
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How Much Does An Average Owner Operator Make - The average income for an owner operator comes out to around 140 000 However it should be noted that this does not take expenses into account How much profit does an owner operator make After expenses an owner operator s net income is generally between 45 000 to 80 000 a year