Nursing Top Salaries Overview
September 8th, 2008 By Online Nursing Category: Nursing InformationOverall, nursing salaries vary depending on a number of factors:
* Level of education (degree type)
* Years of experience in a chosen field
* State and city where you work (cost of living)
* Type of work you do
* Type of specialty you pursue
To help give you a holistic view on nursing salaries, take note of the following statistical information from PayScale compiled in 2006. These statistics offer only general guidance to help you to assess options for your nursing career.
RN Median Hourly Rate by State (2006)*
* California: $31.88
* Florida: $23.26
* Georgia: $23.83
* Illinois: $25.00
* Pennsylvania: $25.00
* Tennessee: $22.25
* Texas: $25.00
Additionally, according to 2004 data from the Bureau of Labor Statistics, registered nurses earned an average of $52,330 per year. The middle 50 percent averaged between $43,370 and $63,360. The bottom 10 percent earned under $37,300, while the top 10 percent made more than $74,760.
According to the US Census Bureau’s 2006 national salary survey, Registered Nurses (RN) can earn approximately $15,000 more per year than Licensed Practical Nurses (LPN). If you are an LPN with 15 years until retirement, this translates to an additional $225,000 if you simply invest 12 months to complete an online LPN to RN program.
RN Median Annual Salaries
The Bureau of Labor Statistics (BLS) reports that the median annual salaries in the industries employing the highest number of registered nurses as of May 2004 are:
* Employment services: $63,170
* General medical and surgical hospitals : $53,450
* Home health care services: $48,990
* Offices of physicians: $48,250
* Nursing care facilities: 48,220
Nurse Practitioner (NP)
NP Median Salary by State (2006)*
* California: $80,000
* Florida: $70,000
* Texas: $71,000
* Pennsylvania: $70,000
* Georgia: $65,000
* New York: $70,000
* Tennessee: $65,000
The 2005 National Salary Survey of Nurse Practitioners shows that the average annual full-time salary for a nurse practitioner has reached $74,812. That’s an 8.1 percent increase over the average just two years ago when the last survey was conducted.
Nurse Anesthetist (CRNA)
Median Salary by State (2006)*
* California: $100,000
* Florida: $105,000
* Texas: $112,500
* Pennsylvania: $105,000
* Illinois: $100,000
* Georgia: $108,000
* North Carolina: $110,000