Can a truck driver rake in a cool $100,000 annually?

Dec. 19 2023 News By Hi-Point Truck Sales

Could a truck driver, with enough hustle and grind, hit that golden six-figure mark, the revered $100,000 annually?

Truck driving, no doubt, comes with its allure, but as our folks would say, (money is key)! Now, let's channel our inner Jerry Maguire, or should we say Rod Tidwell, as he dropped the famous line: "Show me the money!" Tom Cruise's character might have echoed it, but the real deal is in the cash.In the quest for financial enlightenment, we've taken a stroll through the numbers to unravel the mysteries surrounding the earning potential of those eyeing a career behind the wheel. Here is the question, can a trucker truly ascend to the coveted six-figure throne, boasting a princely sum of $100,000 per annum?

Our findings, based on the intel we gathered, might not be a resounding "yes," but it's a bit of a twisty road. According to Indeed.com, the supposed numero uno job site globally, the average base salary for truckers in Canada hovers around $78,000 per annum. Now, before you let disappointment settle in, let's unpack this a bit.

Sure, $78,000 falls short of the coveted six-figure mark, but let's put it in perspective. It's still a hefty sum, especially when you compare it to the average annual household income in Canada, straggling at about $75,000. Truck driving not only puts bread on the table but also outpaces many other gigs in the earning department

Now, here's the twist. That $78,000 is the average BASE salary. Hold on, because there are exceptions, my friend. Indeed.com spilled the beans that in Fort McMurray, the average base climbs to a tantalizing $99,703 annually. So, variables do play a role in this game.

But wait, there's a road less traveled that could lead to a fatter paycheck—become an owner operator. Shift the gears on Indeed.com from "Truck Driver" to "Owner Operator Driver," and voila! The average annual income for owner operators in the Great White North dances around $176,000.

Now, before you jump into the driver's seat of excitement, remember this route comes with its own bumps. Being an owner operator means taking charge, running your own show, and yes, managing those pesky expenses. From vehicle maintenance to insurance and fuel, it's a business venture.

However, even with these costs factored in, the bottom line is clear— it is still highly plausible for owner operators to earn well above the salary of a truck driver. So, while hitting that six-figure sweet spot might be a tad elusive for truck drivers, the industry offers a road of substantial earning potential. 

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Keywords: Truck Driving, Truckers, Owner Operator, Truck Industry, Truck Sales, Used Trucks, Fleet Upgrade,, Hi-Point Trucks, Quality Vehicles, Canadian Truckers