Compared to many professions, especially one that can be obtained in as little as two years of schooling, a Registered Nurse’s salary is highly competitive. Many hospitals are adding significant sign-on bonuses-ranging anywhere from $2,000 to $20,000-in addition to other incentives such as paid moving expenses, according to the Bureau of Labor Statistics. As the population continues to age the competitive compensation and benefits are likely to continue for those in the nursing field.
Like other professions, a registered nurse’s salary can vary for many reasons, including level of experience, education, position, shifts worked and geographical area. According to the latest data, the mean hourly wage of a registered nurse is $30.04, or an annual salary of $60,480. Below is a list of median salaries of registered nurses, published by the Bureau of Labor Statistics in May 2007. The varying criteria is listed:
|Setting||Median hourly rate|
|Home health care||$28.43|
|Nursing care facility||$27.12|
Top paying cities:
|Major city||Median Hourly rate|
|San Jose, Ca||$45.95|
Top Paying States:
|State||Median hourly rate|
Hourly rates can increase significantly if you work overtime, extra holidays, or per diem (on-call), sometimes even doubling. With further education and training registered nurses have the potential to make well over $100,00 per year in areas such as Nurse Practitioner, Nurse Anesthetist, and administrative positions.