Race Results for the 1934 Indianapolis 500
| Finish | Start | Car Num. | Driver | Car Name/Entrant* | Make/Model | Status | Laps | Led | Winnings |
| 1 | 10 | 7 | Bill Cummings | Boyle Products | Miller/Miller | 104.863 | 200 | 57 | $29,725 |
| 2 | 4 | 9 | Mauri Rose | Leon Duray | Stevens/Miller | 104.697 | 200 | 68 | $14,350 |
| 3 | 20 | 2 | Lou Moore | Foreman Axle | Miller/Miller | 102.625 | 200 | 0 | $6,675 |
| 4 | 19 | 12 | Deacon Litz | Stokely Foods | Miller/Miller | 100.749 | 200 | 0 | $4,250 |
| 5 | 24 | 16 | Joe Russo | Duesenberg | Duesenberg/Duesenberg | 99.893 | 200 | 0 | $3,600 |
| 6 | 8 | 36 | Al Miller | Shafer "8" | Rigling/Buick | 98.264 | 200 | 0 | $2,200 |
| 7 | 18 | 22 | Cliff Bergere | Floating Power | Weil/Miller | 97.818 | 200 | 0 | $1,850 |
| 8 | 9 | 10 | Russ Snowberger | Russell "8" | Snowberger/Studebaker | 97.297 | 200 | 0 | $1,650 |
| 9 | 3 | 32 | Frank Brisko | F.W.D. | Miller/Miller | 96.787 | 200 | 69 | $2,850 |
| 10 | 14 | 24 | Herb Ardinger (R) | Lucenti | Graham/Graham | 95.936 | 200 | 0 | $1,425 |
| 11 | 1 | 17 | Kelly Petillo | Red Lion | Adams/Miller | 93.432 | 200 | 6 | $900 |
| 12 | 29 | 5 | H.W. Stubblefield | Cummins Diesel | Duesenberg/Cummins | 88.566 | 200 | 0 | $880 |
| 13 | 28 | 49 | Charlie Crawford (R) | Detroit Gasket & Mfg. | Ford/Ford V8 | Hd gskt (in pit) | 110 | 0 | $860 |
| 14 | 11 | 31 | Ralph Hepburn | Art Rose | Miller/Miller | Rod | 164 | 0 | $840 |
| 15 | 12 | 18 | George Barringer (R) | Boyle Products | Miller/Miller | Front axle | 161 | 0 | $815 |
| 16 | 6 | 26 | Phil Shafer | Shafer "8" | Rigling/Buick | Camshaft | 130 | 0 | $790 |
| 17 | 7 | 8 | Tony Gulotta | Schroeder | Cooper/Studebaker | Rod | 94 | 0 | $770 |
| 18 | 13 | 1 | Louis Meyer (W) | Ring Free | Stevens/Miller | Oil tank | 92 | 0 | $745 |
| 19 | 22 | 6 | Dave Evans | Cummins Diesel | Duesenberg/Cummins | Transmission | 81 | 0 | $720 |
| 20 | 15 | 15 | Shorty Cantlon | Sullivan & O'Brien | Stevens/Miller | Crankshaft | 76 | 0 | $700 |
| 21 | 5 | 4 | Chet Gardner | Sampson Radio | Stevens/Miller | Rod | 72 | 0 | $675 |
| 22 | 17 | 51 | Al Gordon | Abels & Fink | Adams/Miller | Steering | 66 | 0 | $650 |
| 23 | 23 | 35 | Rex Mays (R) | Frame Miller-Duesenberg | Duesenberg/Miller | Front axle | 53 | 0 | $630 |
| 24 | 25 | 42 | Dusty Fahrnow (R) | Superior Trailer | Cooper/Cooper | Rod | 28 | 0 | $600 |
| 25 | 21 | 41 | Johnny Sawyer | Burd Piston Ring | Miller/Lencki | Rods | 27 | 0 | $585 |
| 26 | 33 | 33 | Johnny Seymour | Streamline Miller | Adams/Miller | Pinion | 22 | 0 | $560 |
| 27 | 27 | 45 | Rick Decker | Carter Carburetor | Miller/Miller | Clutch | 17 | 0 | $540 |
| 28 | 2 | 3 | Wilbur Shaw | Lion Head | Stevens/Miller | Lost oil | 15 | 0 | $515 |
| 29 | 26 | 73 | Doc MacKenzie | Cresco | Mikan-Carson/Studebaker | Accident | 15 | 0 | $490 |
| 30 | 31 | 29 | Gene Haustein | Martz | Hudson/Hudson | Accident | 13 | 0 | $470 |
| 31 | 30 | 63 | Harry McQuinn (R) | DeBaets | Rigling/Miller | Rod | 13 | 0 | $445 |
| 32 | 16 | 58 | George Bailey (R) | Scott | Snowberger/Studebaker | Accident | 12 | 0 | $420 |
| 33 | 32 | 46 | Chet Miller | Bohnalite Ford | Ford/Ford V8 | Accident | 11 | 0 | $400 |
* - complete car name/entrant data not available for all entries
(R) - Indicated Rookie
(W) - Indicates Past Winner
