Some of the highest-paying registered nurse specializations include family health, acute/critical care, and emergency/trauma nursing. Data for people whose ethnicity was unknown is included in the averages for all ethnic groups (‘All’ in charts and tables). Data is aggregated for each of the black, mixed and other ethnic groups, which means estimates are shown for these groups as a whole.
The National Center for Education Statistics3 has provided interesting data that highlights how education level impacts earning potential. Individuals aged 25 and above who have a bachelor’s degree earn a median salary that is 76.24% higher than those who only have a high school diploma. This substantial difference emphasizes the value of pursuing higher education and the long-term benefits it can yield in terms of career growth and financial stability.
- Again, a salary range grants both sides a certain amount of flexibility.
- According to a Glassdoor analysis, job seekers’ expectations for how much they’ll make in a new role have grown by 43% over the past year.
- California and Hawaii, which rank among the most expensive states for cost of living, attract nurses by paying the top salaries in the country.
- RNs earn competitive salaries that can lead to rewarding and financially stable careers.
- Mississippi, Arkansas and West Virginia sit at the other end of the salary spectrum, with Mississippi reporting the lowest average salary across the U.S. at $45,180.
For sure, full-time jobs consume much more of your time, the level of responsibility is higher, but they offer a possibility to develop your career. What might be motivating is a feeling of stability, thanks to the same amount of money you receive every month. One of the crucial drawbacks of that kind of work might https://g-markets.net/ be not being paid for overtime, meaning you will not be compensated for any extra activities (but as mentioned above, that may vary between countries). The gender pay gap is a nationwide issue, but it’s one that’s less pronounced in Vermont, where men earn a median salary that is only $3,872 more than women.
Compensation by industry
The high average salaries in these states reflect not only the states’ economic strength, but also add to their allure as top destinations for career growth and opportunities. With an average salary of $89,010, registered nurses (RNs) earn 44% higher salaries compared to the average for all U.S. occupations. RNs earn competitive salaries that can lead to rewarding and financially stable careers. The demanding nature of the profession can contribute to RNs’ high earning potential, along with the extensive education and training required and nurses’ critical role in healthcare. Nursing students can become RNs in 2-4 years and earn salaries exceeding the U.S. average.
If the motivation is intrinsic, you have time to prepare, but if a situation forces you to immediately change job – it is more complicated. Keep in mind that it’s not always a good time to look for a new job. When your work conditions rapidly change to much worse, you might be “forced” to look for a new job immediately.
Bureau of Labor Statistics
However, when you take a first look at different job offers, where salary is presented in various ways, the whole issue may confuse you. To have a clear view, first, you need to do some math with the numbers. If you have many offers to recalculate, that will take a long time, and if you make a mistake the consequences could be dire. A much nicer and easier way is to use this paycheck calculator and have all the results immediately. Economists surveyed by Bloomberg estimated that average wages would grow by 0.4% over the month in April.
RN salaries range from $61,250 for the lowest-paid 10% to $129,400 for the top 10% of earners, according to the BLS. The highest-paid RNs typically possess advanced degrees and have worked in the field for 10 or more years. Generally, the higher the degree, the greater the compensation level. RNs with master of science in nursing (MSN) degrees can earn an average of $23,000 more than individuals with BSNs. Ever wondered how your earnings compare with others on a national scale? Using data from a number of sources, we’ve mapped out the landscape of average salaries across the United States.
How Do Registered Nurse’s Salaries Compare to Other Nurses?
See Download the data for the number of people who completed the survey, adjusted to represent the whole population (labelled ‘Weighted denominator’ in the data file). This analysis uses the median average, which is the middle point of a range of numbers arranged in order. If you have decided to change job, start looking for the new one when things are still going well at your current workplace.
Midcareer RNs with 5-9 years of experience earn an average of $34 an hour, including bonuses, overtime, and other compensation. Gender and its impact on compensation is a topic of ongoing discussion and analysis. In our exploration of average salaries across the U.S. by state and gender, we analyzed data from the American Community Survey,4 which uses median salary data rather than averages. This approach avoids skewed numbers from outlying high and low figures, providing a more accurate picture of the gender pay gap. Factors determining RN pay rates include specialization and types of certifications, workplace setting and location, and experience level. The salary range for RNs is broad, allowing for growth and advancement based on education, certification, and experience.
US Average Hourly Earnings is at a current level of 34.55, up from 34.36 last month and up from 33.07 one year ago. This is a change of 0.55% from last month and 4.48% from one year ago. Whether you’re looking to get your pre-licensure degree or taking the next step in your career, the education you need could be more affordable than you think. Nursing training has become more specialized, with a growing emphasis on technology and preventive care. As advanced graduate nursing degrees become more common, RNs can move into senior leadership roles with higher salaries.
It also suggests a strategic focus on attracting and retaining top teaching talent and an acknowledgment that competitive salaries are a key factor in building a strong education system. Answering this question takes us into the heart of the American workforce, for a look into the interplay between where you work and what you do. Whether you live in a bustling city or the rural heartland, your occupation and location can play a key role in your earnings.
We took a closer look at the data for average salary by age in the United States and broke down the insights we found. RN salary rates have climbed significantly in recent years, with APRNs receiving the highest increases. Nurse practitioners, nurse midwives, and nurse anesthetists all earn six-figure average annual salaries. Advanced practice registered nurses (APRNs) rank among the highest-paid nurses. APRNs, such as nurse anesthetists, nurse midwives, and nurse practitioners, can earn over six figures depending on their certifications, employment settings, and experience.
The West comes next with an average salary of $60,579, followed by the Midwest at $56,114 and the South at $54,718. These regional differences highlight the economic diversity across the country and underscore the influence of local industries and cost of living on average salaries. The top five states by median annual salary for registered nurses are California, Hawaii, Oregon, Alaska, and Washington.
According to a Glassdoor analysis, job seekers’ expectations for how much they’ll make in a new role have grown by 43% over the past year. Over half of Americans who quit in 2021 and are currently working are making more than they did in their old job, according to a survey from the Pew Research Center. In April, the average employee made $31.85 an hour, according to the latest employment data release from the Bureau of Labor Statistics. Average Hourly Earnings is the average dollars that a private employee makes per hour in the US. This metric is a part of one of the most important releases every month which includes unemployment numbers as well. The data serves as a stark reminder that the journey towards gender pay equality is far from over.
Again, a salary range grants both sides a certain amount of flexibility. From the perspective of a potential employee, they can choose the job position which will be financially satisfying; moreover, it gives them some room for negotiating the salary. On the other hand, the employer knows if the offer they make is reasonable and has a good benchmark to assess whether they can afford hiring that kind of worker. In fact, all of them sum up to the same value, if considered over the same period of time.
In the age group of 16 to 19, the gender pay gap is the smallest, with the median annual wage for males at $32,188 and for females at $31,096. This amounts to a difference of $1,092 or a 3.5% wage disparity in favor of males. Employees give their hourly pay as part of the Annual Population Survey (APS). This is less precise overbought vs oversold than asking their employers for their payroll records. As a result, the APS is known to underestimate pay rates, but it is used here because other sources do not collect people’s ethnicity (for example, data on earnings and working hours). There is a significant difference in payment between hourly and salary employees.