Nursing and healthcare pay 2021; nursing salary predictions for nursing students
Nursing salaries for registered nurses in the United States earn some of the highest salaries in the world. How much do nurses, on the other hand, earn? You’ll find the answer to this question, as well as a wealth of other information on nursing pay, here. For 2020-2021, we look at average nurse wages as well as registered nurse salaries by state. After that, we go over a few other elements that determine the compensation you can expect. Or it could influence your decision about where to study and application for jobs.
This nurse salary guide will provide you with an overview of what the statistics says about nurse salaries and how you may bargain for higher compensation and advance your nursing career!
What were the most significant nursing salary changes since the last BLS survey?
Registered nurse salaries increased by 3.29 percent on average last year, the greatest yearly increase since 2008. However, there were significant disparities in average salary increases across states. For example, in California, registered nurse salary climbed by 5.8%, but in Delaware, they increased by only 0.3 percent.
According to Payscale.com, the wage gap between associate degree and BSN qualified nurses has widened by 1.4 percent.
LPNs (3.17 percent) and advanced nurse practitioners (3.2 percent) had similar salary increases as registered nurses. Nurse anesthetists’ average salaries, on the other hand, climbed by 4.2 percent. Surprisingly, the national average wage grew by 2%.
Registered Nurse Salary
According to the most recent data, the national average compensation for a registered nurse is $80,010 per year, or $38.47 per hour. According to the Occupational Outlook Handbook published by the United States Bureau of Labor Statistics (BLS) in March 2021, this is the case.
There was an increase in the average hourly wage of over one dollar between 2019 and 2020. The average annual salary of the 10 percent of RN’s who earned the least was $53,410, and the top 10 percent earned an average of $116,230.
Registered Nurses’ Wages are growing
According to BLS data, registered nurse salaries increased by 1.66 percent each year on average from 2011 to 2020. The data collected in 2020 revealed an above-average growth rate of 3.29 percent, which could be connected to a nationwide nurse shortage during the COVID-19 outbreak. As the need for nurses develops, nurse pay are likely to continue to rise consistently.
Higher demand for preventative care, the retirement of the baby boomer population, improved medical technology, and expanding health coverage for more Americans are all predicted to fuel development.
Nursing Salary Comparisons
Registered nurses’ average earnings are quite competitive with the national average income of $56,310 per year ($25.72 per hour) in the United States. Registered nurses, on the other hand, make slightly less than the average for all health-care workers, which is estimated to be $85,900 per year, with an hourly average of $41.30.
Licensed practical or vocational nurses (LPN/LVN) made an average of $50,090 per year, or $24.08 per hour. Nursing aides, on the other hand, earn an average of $32,050 per year.
Nurse practitioners (NPs) earn an average of $114,510 per year or $55.05 per hour (excluding nurse anesthetists). NPs are skilled RNs that diagnose and treat acute, episodic, and chronic illnesses on their own or as part of a healthcare team. Nurse practitioners in the top 10% earn $156,160 per year.
Nursing Salary Structure by Employer
Registered nurse pay varies significantly based on where and by whom they work. The single largest category (31 percent) of the 2,986,500 registered nurses in the BLS study is working in general medical and surgical institutions, with an average income of $81,680. Registered nurses in outpatient care clinics make more money than those in hospitals, with an average salary of $89,300. Registered nurses who work at physician’s offices, residential care facilities, and school or college health services earn significantly less than the national average. Nurses who work in school or college health care earn an average of $69,180 per year.
Academic Preparation and Salary by Educational Level
The type of schooling you receive to become a registered nurse has an impact on the pay you will earn. The average salary for a Diploma in Nursing is $66,220, while the average salary for an Associate Degree in Nursing (ADN) is $71,091. Between an ADN and a Bachelor of Science in Nursing, there is a large pay difference (BSN). According to Payscale.com, you may earn an average of $86,900 with the latter.
Depending on their expertise, nurses with a Master of Science in Nursing (MSN) might earn anywhere from $96,000 to $100,000. Nurses with a Doctor of Nursing Practice (DNP) or a Ph.D. in Nursing Science earn an average of $102,600 a year and $97400 respectively.