Family Nurse Practitioner Salary Less Than 5 Years Experience
As y'all consider becoming a nurse practitioner, it's probable yous volition be wondering about nurse practitioner salary. Before enrolling in a program, you may inquire yourself:
- How does nurse practitioner salary compare with other wellness care providers?
- Does where you piece of work affect how much y'all earn?
- What's the pay after a decade on the chore?
Obtaining a nurse practitioner degree is an investment. Texas Woman University's online Main of Science in Nursing – Family Nurse Practitioner (FNP) program offers affordability while existence one of the most highly regarded programs in the nation.
It's important to empathize potential earnings as you consider your career path. Read on for answers to normally asked questions well-nigh nurse practitioner salary.
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1. How much practise nurse practitioners earn?
Approximately 72% of U.S. nurse practitioners take home a salary while 26% make an hourly wage. The remaining percentage of NPs are cocky-employed.
Regardless of compensation structure, nurse practitioners can earn a substantial income. Nurse practitioner salary is oft in six figures.
According to the U.S. Bureau of Labor Statistics (BLS), the mean almanac wage for an NP is $110,030, more than double the boilerplate salary for all other occupations.
Actual earnings depend on several factors, such equally geographic location, practice specialty and piece of work setting.
Nurse Practitioner Salary Estimates
| | | |
|---|---|---|
| American Association of Nurse Practitioners | $105,903 | $sixty.02 |
| BLS | $110,030 | $52.ninety |
| PayScale.com | $94,124 | $49.79 |
2. Why do nurse practitioners earn a high salary?
Nurse practitioners are well-compensated because they're rigorously trained to exercise as independent health care providers. Although do authorisation varies by country, nurse practitioners are equipped to do to the full extent of their preparation.
Equally an avant-garde practice registered nurse (APRN), a nurse practitioner must have a available'due south degree in nursing and a graduate nursing education. An NP is besides required to agree a registered nurse license, national board certification and a country nurse practitioner license. These credentials demonstrate avant-garde clinical cognition and expertise.
While nurse practitioner duties vary past specialty, all are trained in diagnosing and treating health conditions, disease prevention and health direction. Unlike other health professionals, nurse practitioners focus on wellness and well-being of the whole person.
Evidence shows nurse practitioners provide high-quality and price-effective patient care. As a event, annual patient visits to nurse practitioners continue to climb.
3. How is nurse practitioner salary irresolute?
Nurse practitioner salaries are rising. Betwixt 2012 and 2018, the average nurse practitioner salary increased from $91,450 to $110,030. That'south a growth rate of approximately 20%.
Salaries for other in-demand health care jobs accept made smaller gains. Registered nurse bacon rose by 11%, while earnings for family/general practitioners and physician administration grew by 17%.
Does nurse practitioner salary increase annually? Co-ordinate to a 2018 survey of APRNs, 61% of nurse practitioners reported their annual gross income increased from the previous twelvemonth.
Rising salaries may be because APRN income corresponds to feel. The aforementioned survey of APRNs showed nurse practitioners with 1-5 years of experience earned an average salary of $106,000. Those who worked for over 21 years received $122,000.
iv. Why is nurse practitioner salary increasing?
Nurse practitioners can await to make more today than a decade ago considering of rising demand for their services.
The nation'due south population of aging adults is growing. As a result, at that place's a severe shortage of doctors. By 2032, the deficit is projected to accomplish approximately 122,000 physicians, including primary care and specialty care.
Nurse practitioners are positioned to fill the gap—specially in the surface area of primary care.
Well-nigh 90% of nurse practitioners are prepared in a primary care clinical focus. They carry out many of the same duties equally main care doctors, such as diagnosing illnesses, conducting diagnostic tests and prescribing medications.
The demand for nurse practitioners likewise stems from high patient satisfaction.
Co-ordinate to the American Association of Nurse Practitioners (AANP), studies prove that nurse practitioner services are safe, effective, patient-centered, timely, efficient, equitable and show-based. Consequently, visits to nurse practitioners exceeded 1 billion in 2018.
Nurse practitioner care is besides of comparable quality to that of physicians.
In fact, patients of nurse practitioners typically accept fewer unnecessary hospital readmissions and emergency room visits than those who see doctors. This means consumers who see nurse practitioners may benefit from positive outcomes and lower costs.
Rise demand for nurse practitioners has created an active job market. BLS information shows that between 2012 and 2018, the employment of nurse practitioners grew past almost 70%.
Employment is expected to expand an additional 28% between 2018 and 2028—a growth rate over five times the national average.
5. How does nurse practitioner salary compare with other health care workers?
Nurse practitioner is one of the most lucrative jobs in wellness care. The average salary is considerably higher than in other occupations.
For case, the average nurse practitioner earns 37% more than registered nurses and 21% more than physical therapists.
Average Salary by Health Care Occupation:
- Registered Nurse: $75,510
- Physical Therapist: $88,880
- Nurse Midwife: $106,910
- Physician Banana: $108,430
- Nurse Practitioner: $110,030
- Nurse Anesthetist: $174,790
- Family/General Practitioner: $211,780
Salary is just one component of job satisfaction. Nurse practitioner as well beats other wellness care jobs in areas like job market and hereafter growth.
U.Due south. News & World Report weighed these factors and others to compile its 2020 Best Jobs lists. Nurse practitioner outranks most other wellness intendance jobs as the:
- No. 4 Best Health Care Job
- No. v Best Job
- No. 5 Best Stalk Job
6. How does nurse practitioner salary vary by location?
Where you practice can significantly touch on your income equally a nurse practitioner. Sure regions, states and metropolitan areas pay higher salaries than others.
Top-Paying Regions
Co-ordinate to an analysis of BLS data, nurse practitioner bacon differs by region.
Collectively, states in the West award the highest salary to nurse practitioners. Nurse practitioners tin can wait to earn an average of $113,629 in places like California, Alaska, Hawaii, Washington and Wyoming.
The Northeast pays slightly less, with an boilerplate salary of $112,227.
The Midwest has the third-highest average nurse practitioner salary of $105,223, and the South closely follows with $104,491.
Top-Paying States
The average income in the top-ten paying states ranges from $116,000 to $134,000, higher than the average salary nationwide. Most of these states are located on the nation's coasts.
Average Salary by Land:
| | |
|---|---|
| California | $133,780 |
| Alaska | $122,880 |
| Massachusetts | $122,740 |
| New Jersey | $122,100 |
| New York | $120,970 |
| Hawaii | $120,570 |
| Minnesota | $119,160 |
| Connecticut | $118,020 |
| Washington | $117,650 |
| Wyoming | $116,030 |
Peak-Paying Metropolitan Areas
Similar the top-paying states, the metropolitan areas with the largest nurse practitioner bacon are located on the East and West Coasts. Nurse practitioners earn approximately $40,000 to $47,000 more than than the average nurse practitioner bacon in these places.
Income ranges from $141,000 to $157,000 in some metropolitan areas of eight states: Massachusetts, California, Washington, South Carolina, Texas, Arizona, Minnesota and Florida.
Boilerplate Bacon past Metropolitan Area:
- New Bedford, MA: $156,980
- San Francisco-Oakland-Hayward, CA: $150,790
- Spokane-Spokane Valley, WA: $148,440
- Sumter, SC: $145,890
- Vallejo-Fairfield, CA: $145,400
- Leominster-Gardner, MA: $145,020
- Large Thicket Region of TX: $143,480
- Yuma, AZ: $142,650
- Rochester, MN: $142,640
- Palm Bay-Melbourne-Titusville, FL: $141,800
7. How do land practice regulations change nurse practitioner salary?
At that place are three levels of regulations that guide nurse practitioner practise in the U.S. – full, reduced and restricted.
Nurse practitioners working in states with total practice authority are allowed to operate equally independent providers. States with reduced or restricted laws restrict some form of nurse practitioner practice. These states may also require nurse practitioners to be supervised by another health care professional.
Nurse practitioner bacon varies but slightly past practice environment.
On boilerplate, states that permit nurse practitioners to practice to the total extent of their grooming pay more than states that reduce or restrict practice.
Interestingly though, the most restrictive states don't pay NPs the least. This may be due to the cost of living in these states, amongst other factors.
For instance, California pays nurse practitioners the about nationwide, and is a restricted do land. It is also ane of the near expensive states to alive in the land.
Average Salary by Country Practice Surroundings:
| | |
|---|---|
| Full | $110,633 |
| Reduced | $105,530 |
| Restricted | $107,769 |
8. How does the work setting bear on nurse practitioner salary?
Nurse practitioners take flexibility to work in a variety of health intendance facilities.
Approximately 24% work in private practice, xv% in infirmary outpatient clinics and 12% in inpatient hospital departments. Others are employed in urgent care, community health and other wellness centers.
Salary depends partly on where a nurse practitioner decides to work. Each environment has different working weather and may require various duties.
For example, nurse practitioners in emergency rooms may work long shifts and aid with procedures. Therefore, their salary might be higher than those who work in outpatient clinics.
By and large, nurse practitioners can make a college income in residential facilities and outpatient care centers, while those working in dr. offices and academia earn relatively less.
High-Paying Nurse Practitioner Work Settings
Average Salary by Work Setting:
- Residential Facilities: $117,440
- Outpatient Care Centers: $116,550
- Specialty Hospitals: $114,880
- General Medical and Surgical Hospitals: $113,900
- Offices of Other Health Practitioners: $111,520
- Offices of Physicians: $107,530
- Colleges, Universities and Professional Schools: $100,770
ix. What do nurse practitioners earn in each clinical focus expanse?
Every nurse practitioner is trained to serve a specific population, such equally pediatrics or neonatal. Depending on the population they choose, nurse practitioners can focus on a clinical area.
For example, a pediatric nurse practitioner can specialize in oncology or surgery. Graduates of Texas Woman's are prepared to become licensed family nurse practitioners. They specialize in primary care and serve individuals beyond the lifespan.
Nurse practitioner salary differs past clinical focus. A specialization in emergency, psychiatric or surgical exercise comes with a relatively higher average bacon than in main care, health promotion or OB/GYN.
Guess Average Bacon by Top 10 Clinical Foci:
| | |
|---|---|
| Emergency | $130,000 |
| Psychiatric | $122,000 |
| Surgical | $119,000 |
| Pain Medicine | $118,000 |
| Cardiology | $112,000 |
| Oncology | $111,000 |
| Urgent Intendance | $110,000 |
| Primary Care | $108,000 |
| Health Promotion | $102,000 |
| OB/GYN | $100,000 |
ten. How do male and female nurse practitioner salaries compare?
In 2019, American women made 79% every bit much every bit men, according to a report from PayScale.com. This trend too applies to nurse practitioners.
Though approximately xc% of nurse practitioners are female person, male nurse practitioners earn more. Women received an average bacon of $108,000 in 2019, while men collected $116,000. In other words, women earned 93% every bit much as men or 93 cents to the dollar.
To help close the gap, the American Association of University Women (AAUW) plans to railroad train x million women in salary negotiation by 2022.
11. How does nurse practitioner salary compare with the cost of education?
Comparing the lifetime earnings of a nurse practitioner to the toll of obtaining a nurse practitioner degree is 1 mode to evaluate the render on the investment.
The cost of completing a nurse practitioner program depends on the type of degree. Principal's degree, post-chief's certificate and doctoral degree programs crave different credit hours and, therefore, the tuition fluctuates. On boilerplate, the cost of an online principal's in nursing programme is $35,000 to $threescore,000.
A nurse practitioner would achieve lifetime earnings of $2,200,600 if they earned an average salary of $110,030 over a 20-twelvemonth career. Compare that figure to $i,510,200, the lifetime earnings of a registered nurse with an average salary of $75,510.
For an educational investment of $35,000, a nurse practitioner stands to earn an additional $690,400 in their health intendance career.
12. What benefits do nurse practitioners receive?
Salary is simply one component of a nurse practitioner compensation package.
Nurse practitioners earn an impressive salary as well every bit solid benefits. About receive paid time off, health insurance, retirement contributions, educational activity reimbursement and professional liability coverage.
Some nurse practitioners have additional benefits, including travel allowances, membership in professional organizations and sick exit. If these benefits are not part of the bounty package, AANP advocates for nurse practitioners to negotiate for them.
Are you lot set to become a nurse practitioner?
Texas Woman's is ranked as one of the nation's top nursing graduate programs. The university provides the educational foundation to meet the growing need for main care nurse practitioners. FNP students receive ongoing back up throughout the program, including clinical placement help.
As a family nurse practitioner, you lot'll be equipped to leverage the bright outlook for nurse practitioner salary. Texas Woman'due south graduates are prepared to deliver high-quality, holistic main intendance in a variety of work settings across Texas and 30 other states.
Read our blog on the 10 All-time Places to Piece of work as a Nurse Practitioner.
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Source: https://onlinenursing.twu.edu/blog/nurse-practitioner-salary
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