Thinkstock/Comstock/Getty Images

Do Tow Truck Owners Make A Good Living?

Growth Trends for Related Jobs

Tow truck owners drive their trucks around a specific geographic location to tow cars and other vehicles that have broken down and are immobile. The tow truck owner might drive the disabled vehicle to a repair shop or help someone get it home. They also transport vehicles from one location to another, such as a junkyard or auto dealership. Tow truck owners and drivers are classified by the Bureau of Labor Statistics under the broader career category of "heavy and tractor-trailer truck drivers."

Basic Salary Information

According to the BLS, the mean annual salary for heavy and tractor-trailer truck drivers, including tow truck drivers, was $39,450 in 2010. The median salary was slightly lower, at $37,770. The lowest paid 10 percent earned $24,730 or less, while the lowest-paid 25 percent earned $30,270 or less. The highest-paid 25 percent earned $46,920 or more, while the highest-paid 10 percent earned $57,480 or more.

Hourly Rate

Some tow truck owners and drivers are paid by the hour. According to the BLS, the mean hourly wage in 2010 was $18.97, while the median hourly wage was $18.16. The lowest paid 10 percent earned $11.89 an hour or less, while the lowest-paid 25 percent earned $14.55 an hour or less. The highest-paid 25 percent earned $22.56 an hour or more, while the highest-paid 10 percent earned $27.64 an hour or more.

Industry

Tow truck owners and heavy and tractor-trailer truck drivers in general work in a variety of industries. Different industries pay different salaries. For example, according to the BLS, the general freight trucking industry had the highest level of occupation for this occupation in 2010, and paid a mean annual wage of $41,100 and a mean hourly wage of $19.76. The specialized freight trucking industry paid a mean annual salary of $38,690 and a mean hourly wage of $18.60. The support activities for road transportation industry paid a mean annual salary of $32,630 and a mean hourly wage of $15.69.

Location

The geographic location where a tow truck owner works also affects his salary. For example, Texas had the highest level of employment for tow truck drivers and heavy and tractor-trailer trucks in general in 2010, with a mean annual salary of $37,150 and a mean hourly wage of $17.86. California also had high levels of employment, with a mean annual salary of $41,660 and a mean hourly wage of $20.03. Alaska was the top-paying state for this occupation in 2010, with a mean annual salary of $48,250 and a mean hourly wage of $23.20.

References

About the Author

Chris Newton has worked as a professional writer since 2001. He spent two years writing software specifications then spent three years as a technical writer for Microsoft before turning to copywriting for software and e-commerce companies. He holds a Bachelor of Arts in English and creative writing from the University of Colorado.

Photo Credits

  • Thinkstock/Comstock/Getty Images