In most cases, the earnings of travel nurses are comparable to or even higher than those of staff nurses who have the same level of experience and qualifications.Depending on the location in which they work and the specialty they choose, travel nurses can make anywhere from $44,000 to $100,000 per year.Labor and delivery, emergency department, and medical-surgical/telemetry are the three areas of travel nursing that are now seeing the highest levels of demand.
According to the Bureau of Labor Statistics, the annual mean compensation for staff nurses is $75,330. This amount is much more than the average mean salary for staff nurses (BLS). How much money can you make working as a travel nurse?
| Taxable hourly base wage* | $3,200 |
|---|---|
| Monthly mileage stipend | $500 |
| Monthly continuing education stipend | $500 |
| Sign-on bonus | $2,000 |
| Total monthly pay | $8,200 |
The compensation and perks of travel nursing offer several advantages to registered nurses, including the following: Indeed reports that a travel nurse earns a yearly income of $75,109 on average.[Citation needed] On the other hand, due to the fact that remuneration in the travel nursing industry is competitive, some businesses are giving wages of about $100,000 per year for domestic travel nurses.
How does a travel nurse salary compare to other nurses?
There are a lot of individuals who are curious about how the compensation of a travel nurse compares to that of other nurses.The explanation, in a nutshell, is that traveling nurses typically earn higher salaries.It should come as no surprise that the agency or firm that a travel nurse works for has an impact on their salary.Here is a more in-depth look at the compensation of a travel nurse, as well as a comparison to the salaries of other types of nurses.
How do travel nursing agencies pay for nursing housing?
The nurse may have the option of having the agency pay for her room and board if she chooses to stay in one of the agencies’ recommended hotels.Alternately, several travel nursing companies provide their registered nurses a housing stipend that is intended to compensate the expenses incurred by the nurse in the process of securing lodging on their own throughout the course of the assignment.
Why do travel nurses make more money?
- Pandemic Nursing and Crisis Contacts – Due to the pandemic, there is an increased need for traveling nurses than there has ever been before
- Make Arrangements for Your Own Housing – We recommend that you accept a housing stipend and make arrangements for your own housing
- Maintain a Flexible Attitude: If making money is what drives you, maintaining a flexible attitude is essential.
Is travel nursing worth it?
One of the most obvious perks of working as a travel nurse is the opportunity to travel to any location of your choosing.A career as a travel nurse is an excellent way to get started on an extraordinary adventure, whether you’re the type of person who thrives on excitement or you just want to see more of the world and learn about its inhabitants.There is an increased possibility of financial gain thanks to the higher income offered by travel nursing employment.It gives you greater flexibility while while increasing your income.