How much do Travel Nurses earn?
How do a Travel Nurse salaries compare with the salaries of staff nurses in the United States? You’ll be happy to know that most Travel Nurses earn higher pay than their full-time, staff nurse counterparts.
Let’s Dig-In: Travel Nurse Salaries, Benefits & More
The future for Registered Nurses continues to look bright and is projected to grow 15 percent from 2018 to 2026, exceeding the average for all occupations. According to the Bureau of Labor Statistics, the median pay of a Registered Nurse (RN) is approximately $70,000 per year.
On the other hand, Travel Compensation packages tend to be significantly higher than those associated with staff nurse positions and salary estimates reach as high as $107,161 a year according to Payscale.com. In addition to these high paying salaries, which can edge into six figures, travelers receive perks including Housing Stipends, Day 1 Premium Healthcare, PTO, Guaranteed Stipends, Extra Hours Bonuses, and 401K Retirement benefits.
Travel Nurse Compensation Packages Can Exceed $107K!
Yes, Travel Nurses can make more money, however, the better news is that it’s not just compensation that makes travel so attractive. Travel Nurses have the opportunity to increase their earnings in a short time with bonuses, extra shift compensation, and comprehensive benefits.
Travel Nurse compensation is enhanced by Stability Healthcare incentives and benefits:
- Day 1 Premium Insurance
- $15,000 Company-Paid Life/ADD Insurance
- PTO for All Travelers
- Travel Reimbursement
- Extra Hours Bonus
- Referral Bonuses
- Guaranteed Stipend
- Paid Compliance Costs
- 401K Plan
Travel Nurse don’t have to give up benefits when traveling with Stability. Stability Benefits!
Travel Nurse Salary FAQ
What states pay the most?
Like most other industries, compensation varies based on location. The two primary factors determining the compensation of a Travel Nurse in a given city are supply and demand. Additionally, while the average travel nurse salary in California or New York might be higher than those in Arizona or Texas, part of this is to offset the higher cost of living. The average salary for Nurses in the West was $105,000 with the Northeast coming in at $87,000. When looking at your compensation in a particular location, it’s important to weigh cost-of-living with opportunity, competition, and work environment.
How can I earn more money on an assignment?
There are many reasons why nurses travel. In addition to adventure and flexibility, gaining the ability to make more money as opposed to a typical full-time staff position. While it is true most travel assignments provide higher than full-time/staff assignments, the real determining factor regarding pay is decided by how much you want to make. Take advantage of your new location and everything it has to offer, but making your assignment a priority is a true difference. Here are ways to earn more:
- Extra Hours Bonus
- Referral Bonuses
- Work Holidays
- Sign Up for Additional Shifts
- Travel to Places with High Demand
- Take Charge
- Work Night Shift
- 26+ Week Contracts
- Find Your Own Housing