Highest Paying Nurse Practitioner Specialties – Our contributing writers come from a variety of academic and professional backgrounds to create content. This section was created in collaboration with one or more of our authors.
With an average annual salary of $118,040, NPs are among the highest paid nurses in the field. Along with expanding job opportunities, NPs saw a median salary increase of 8.1% from $111,680 to $120,680 in 2022.
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Based on the most recent NP salary data published by the US Bureau of Labor Statistics (BLS), this guide provides information on current compensation trends. Nurses looking for NP careers can learn about NP salaries by state, cost of living, and states with the largest NP earnings disparities.
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This section provides an overview of NP salary distribution across the United States using the latest BLS data. Readers will find annual salary figures for all 50 states and a list of the highest paid states for nurses.
NP salaries vary widely across the country. Western and northeastern states dominate this list of top NP salaries. Conversely, southern states tend to offer the lowest wages. California tops the list, with NPs earning an average annual salary of $151,830, more than $56,000 more than the lowest-income state, Tennessee.
Urban centers pay more than rural areas. For example, Northern California is the top five regions for NP in the country.
Cost of living plays an important role in compensation. Areas where the demand for NPs is increasing due to the retirement of nurses and the growing health care needs of the aging population also provide lucrative opportunities. In states with a high cost of living and high demand for NPs, these nurses can earn well over six figures.
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Southern states with a lower cost of living, such as Tennessee, Alabama, and South Carolina, typically offer lower annual salaries, ranging from $95,000 to $103,000.
Another factor that can help increase income in some states is nursing unions. Trade union movements have developed more strongly in the western and northeastern states than in the southern states. Nurses’ unions have successfully strengthened compensation rates and negotiated pensions and other benefits.
Most states grant NPs full license to practice, which is reflected in higher reimbursement rates. However, low-income states, including Tennessee, Alabama, South Carolina, Missouri and West Virginia, have only authorized limited or reduced practice mandates. States like California that have passed nurse-to-patient ratio laws to improve patient safety and quality care also offer higher NP salaries.
The cost of living where an NP intends to practice affects their overall earning potential. This chart shows the top ten states for NPs, adjusted for cost of living.
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According to the US Bureau of Economic Analysis (BEA), cost of living (or local price parity) measures how much your income would increase based on the local price of goods and services across the state. This index, which is the 100th national average, includes the costs of basic necessities such as food, housing, utilities, healthcare and transportation.
Even when adjusting for the cost of living, NP earnings are in the six figures in all fifty states. Adjusted wages in the top ten states ranged from $124,504 to $136,040. California and Oregon have a higher cost of living than the national average. NPs in states with higher costs of living may adjust their salary expectations based on how much they need to maintain their desired standard of living and personal and family responsibilities.
Based on average annual salary adjusted for the cost of living, California and Oregon still rank among the top ten states for NPs, with California leading the way for highest NP salaries. maintains its top ranking in the country.
Overall, NP reimbursement has increased in nearly every region of the country, most notably in Iowa and South Dakota. States with large rural populations, including Idaho, Tennessee, Wyoming, Missouri and Utah, report the largest wage declines.
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Many of the same factors that have driven the increase in demand for NPs account for the increase in wages. Nursing shortages, demand for more health care services by an aging population, and rising nursing pensions are contributing to higher compensation rates. As more states experience physician shortages and try to reduce health care costs, they are giving NPs broader practice powers, making them more valuable to employers.
The COVID-19 pandemic has had a negative impact on both employment and wages in some areas. The 2020 Medscape Nurse Compensation Survey reports that 20% of advanced practice nurses, including NPs, have worked less during the pandemic. Inpatient care for emergencies and outpatient visits for routine medical problems have both decreased during the pandemic, resulting in overtime, vacation time, and layoffs for some NPs.
If you’re looking for more information on nursing salaries in all 50 states and the District of Columbia, the chart below is a helpful resource that includes cost-of-living adjustments. Find your state, the state you’ve lived in before, or the state you’re planning to move to, and find information tailored to your personal financial reality, desired lifestyle, and what the state has to offer you and your family. do it .
Information on salaries for nurses by state was compiled from the BLS program of employment and wage statistics, published on March 31, 2022. The data shows the salaries of nurses in May 2021. The highest paid states for nurse practitioners are ranked by average annual salary.
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Cost of living data compiled from the US Bureau of Economic Analysis Real Personal Income by State and City published on December 14, 2021. The adjusted nursing home salary is calculated by multiplying the RN salary in each state by its region. Price Parity (RPP). RPP measures the difference in the cost of goods and services in a region relative to national prices.
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Gail Morris, BSN, MSN has over two decades of nursing experience with a clinical focus in rehabilitation medicine. He has published and lectured throughout his career. Morris founded Indiana’s first conference for school teachers, focusing on media …
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Rebecca Munday joins after serving as editor-in-chief of The George-Anne Inkwell at Georgia Southern University. He’s never met a type of writing he didn’t like, and he’s especially dedicated to helping the health care industry understand…
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This article attempts to provide a comprehensive understanding of some of the top nursing professionals. Both experienced and new sonographers will find advice on how to find rewarding careers that suit their interests in this article.
Below are some fields that pay well for nurses and are in high demand:
Take a look at some of the most popular nursing jobs to help you choose the career path that’s best for you. The salaries listed below are only a baseline to help you with your studies, as salaries vary significantly by job and location.
Compared to other types of nurses or nursing specialists, registered nurse anesthetists (CRNAs) earn more money. According to the American Association of Nurse Anesthesiologists, this highly specialized job involves working with surgeons, anesthesiologists, dentists, pediatricians, and other medical professionals to prepare and administer anesthesia to patients.
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According to the U.S. Bureau of Labor Statistics, registered physicians have an average annual compensation of $195,610, making them among the highest paid professionals. CRNAs typically work 40 hours per week, earning an average of $94.04 per hour.
The lowest and highest 10 percent of incomes were below $79,870 and above $200,540, respectively. The BLS predicts that CRNA employment will grow by 40% between 2021 and 2031.
A doctorate degree will soon be required to become a CRNA, although it is not currently required. The admissions board said that by 2025 a doctorate will be required.
You have the option to start your own general nursing practice or work in different positions
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