worst paid states for nurses

The highest and best-paying state to work as a Registered Nurse in 2023 is California, with an average annual RN salary of $133,340, followed by Hawaii with $113,220 per year, Oregon with $106,610 per year, Massachusetts with $104,150 annually, and Alaska with $103,310. Johns Hopkins University in Baltimore ranked sixth in a recent evaluation of the most cutting-edge nursing programs. 1. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com, Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment. Dayton, Ohio. You can increase your salary by working as a nurse practitioner instead of a registered nurse. To create our ranking, we first considered the average salaries of nurses in all the states. Not all of the most expensive states to live in are like this, however. Furthermore, nurses are actually paid well, as can be seen in the 10 highest paying states for nurses in America. Nursing is a competitive field with high wages and generous benefits like pensions. Click here for full Linking and Reprinting Policy. Female Nurse Visiting Girl Lying In Hospital Bed. coverage and exclusions. Want to be a nurse working on the Last Frontier? Specialty drugs continue to be a major concern and contributor to growth in health care plan costs. The Evergreen State boasts the second highest pay, but falls behind Texas after a cost of living adjustment, despite nurses averaging over $15K more in annual income in the former. This is particularly true for NPs, who should expect to see the number of available jobs increase by about 52% between 2019 and 2029. Data was sourced from Bureau of Labor Statistics Occupational Employment Statistics, May 2017 State Occupational Employment and Wage Estimates. With growing interest in the industry, we wanted to explore nurse salaries across the country to get a better idea of where the best jobs were. The national average income requires 42.7 hours of work to afford rent. Again, as many other industries exhibit pay gaps between male and female employees, the nursing industry is no stranger to that very issue. The Keystone State ranks eighth for opportunities, with about 19 percent more nursing jobs than the U.S. average 24.7 nursing jobs per 1,000 total jobs. Here's How Much Cash You Need Stashed If a National Emergency Happens, What Is WallyGPT? AI's Newest Personal Finance App, I'm a Financial Planning Expert: 6 Worst Purchases To Make in an Economic Downturn, Jaspreet Singh: Here's How You Can Double Your Wealth Without Quitting Your Job, Here's the Salary Needed to Actually Take Home $100K in Every State. While most nurses tend to operate under physicians or doctors, which in turn has lent credence to the aforementioned myth of nurses being unsuccessful doctors, contrary to popular belief, nurses are allowed to be independent as well. Wyoming; and New Mexico. The state ranks 42nd out of 50 with 17.8 out of 1,000 jobs dedicated to nursing and 15 percent fewer nursing career opportunities overall. The profession of nursing has been much maligned throughout history, especially in TV shows and movies where it is considered to be a degrading choice made by those not good enough to become doctors. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. By understanding and addressing the evolving needs of the talent pool, HR leaders can position their organizations to recruit and retain top talent successfully. Worst -West Virginia, New Hampshire and Vermont tied for the highest number of job openings per capita , while Hawaii has the fewest job openings per capita. Insurance Company, NAIC # 22276. Visit www.simplenursing.com for more information. Arkansas Average RN Salary: $65,810 Average Hourly: $31.64 Number of RNs in Arkansas: 26,320 Two other factors that are included for additional information, but do not influence the ranking, are the employment rate per 1,000 jobs and the Location Quotient. 1 in states with the highest-paid nurses, with an annual mean wage of $106,950. Sebring, Florida, with a cost of living that is lower than the base average, pays its nurses $48,400 per year, on average, and with cost of living factored in, that salary elevates comparatively slightly to $52,000 per year. For your skimming pleasure, here's a high-level summary of the best and worst states for NPs in 2021 across the 5 key metrics. Minnesota just misses the top 10 when it comes to states in the U.S. that pay the most for nursing careers. One of the largest of these is the broader eyecare market which was worth $6.6 billion in 2021 according to aresearch reportfrom Reports and Data. Although some of the highest-paying jobs in the U.S. are in the medical field, GOBankingRates set out to find out how much nurses make across the country. SECURE 2.0: Big changes to 401(k) catch-up contributions in 2024, It's happening: The industry is changing for the better, 10 things your employees might not know about HSAs, Will the doctor see you now? Nursing jobs constitute a mere 15.1 jobs per every 1,000 in the state. Nursing is one of the highest-paying part-time jobs. The Palmetto State has 3 percent more nursing jobs than the U.S. average, with 21.5 jobs in the state out of every thousand total jobs. This article (subject to change without notice) is for informational purposes only, and does not constitute professional advice. Below, weve shared occupational projection numbers from Projections Central to show you how much demand there will be for NPs on a state-by-state basis between now and 2028, both in terms of raw job opening numbers and job growth percentage. She's a freelance writer and editor from Orlando, Florida, and a 10-year news veteran. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Manhattan, New York. Although the mean salary for nurses is $19,120 more than annual mean wage across all occupations in the state, the Bluegrass State ranks in the bottom 10 as far as nursing salaries across the country. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. According to the Bureau of Labor Statistics Occupational Outlook Handbook, employment as registered nurses is forecasted to rise by 12% from 2018 to 2028, much faster than the overall average for all jobs. Nevada might be the best state for nurses considering that theres no state income tax on their sizeable salary. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. Also See: 21 Careers That Are More Likely to Lead to Divorce. Nurses, doctors, EMTs, and others in the industry banded together to serve on the frontlines of the pandemic, functioning as the backbone of the health care industry. Inflation is a key factor to monitor going into next year, as the recent trend in compensation growth is not rising at nearly the rate as are expenses. Maine 6. For every 1,000 jobs in the state, 22.7 are nursing opportunities. California, despite starting from an already-high mean annual salary of $96,980 in 2013, has experienced a 10.3% increase in nurses salaries over the last five years. 1 in states with the highest-paid nurses, with an annual mean wage of $106,950. [emailprotected] Source: Bureau of Labor Statistics (BLS) - "Occupational Employment and Los Angeles-Long Beach-Anaheim: $99,930. Just missing the bottom 10 states for lowest nursing wages across the U.S., Nebraska offers more opportunities than average. Michigan was found to have the highest annual nursing salary adjusted for cost of living, while Hawaii had the lowest. It shares that the intraocular lens product segment constituted the largest part of the market in 2019, and it will continue to do so by the end of 2030, as it will account for 45.2% of the overall market. One-size-fits-all approach doesn't work: A Q&A with Melanie Langsett, How HR leaders can recruit and retain top talent in a market with a growing talent pool. Of the top 100 metropolitan areas in the U.S. by population, many areas with the highest cost of living also have some of the highest average RN salaries. GOBankingRates determined the average salaries of registered nurses from 1998 to 2018 with data from the Bureau of Labor Statistics occupational employment statistics and found the places where nurses are paid the most and least. Just 17.1 jobs out of every thousand jobs in the state are for nurses, a number thats 18 percent lower than the national average. To determine the best and worst states for. All policies are underwritten by Berkshire Hathaway Specialty Cost of Living Demand/Job Growth Quality of Life For each metric, we pulled the latest data from sources like the Bureau of Labor Statistics (BLS) and U.S. News & World Report. Alabama might have one of the lowest salaries for nurses in the nation, but it also has one of the lowest costs of living. California: $113,240 2. Which states pay the least for car insurance? Aspiring or current nurses might want to double-check a city before they decide on a state in which to practice to ensure theyre getting paid properly. Here are some topics for you to choose from. The average nurses salary in Ohio is still below the national average for nurses of $70,226. There was an unknown error. 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Copyright 2022 SimpleNursing.com. There are 19.5 nursing jobs per thousand in the Empire State, just under the national average. Using multiple criteria allows us to cancel out the inherent biases present in any method or criteria and hence, create an accurate ranking. Last updated on It might be harder than you think. Some states offer job opportunities that may pay much higher (or lower) wages than the national average. Meanwhile, the five worst states for nurses in 2021, according to the report, are: Maryland; Delaware; Vermont; New Jersey; and Alabama. Sign up for our monthly newsletter below! 20% of the U.S. working population is made up of women of menopausal age and the impacts are far-reaching for your clients companies: 1 in 3 will consider reducing hours, not taking a promotion, or quitting work because of their menopause symptoms. The state also boasts two of the most cutting-edge nursing degree programs across the nation, according to Nursing School Hub. The state has essentially the same number of nursing positions as the national average 21 jobs out of every 1,000 are nursing jobs. For this project, we incorporated data from the IPUMS-CPS (Integrated Public Use Microdata Series Current Population Survey) conducted by the United States Census Bureau. The bottom five states are nowhere near the mean wage for California: While South Dakota is the state with the lowest average nurse salary, the South hosts a majority of the states in the bottom five. Georgia came in as the highest paying state with a standard-of-living adjusted hourly rate of $45.54. District of Columbia. 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A Flourish map Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Employment Statistics, April 1st, 2022 Source: Bureau of Labor Statistics, March 31st, 2022 The Highest-Paying States for RNs California ($125,340) Hawaii ($111,070) Oregon ($99,410) Alaska ($99,910) Washington ($96,980) The Lowest-Paying States for RNs 5 as a state. For example, Hawaii has the highest cost of living of any state in America. All Rights Reserved. The views expressed in this article are those of the author and do not necessarily reflect those of Berxi or Berkshire Hathaway Specialty Insurance Company. Client Tool: 6 Steps to Support Colleagues Going Through Menopause. 10 highest paying states for nurses in America, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Again, bigger salaries dont necessarily mean quite as much in places like Washington. Rochester, New York. Originally published on Naturally, some states will see higher rates of job growth than others. Request academic re-use from Use this white paper as a tool to help educate your clients on the importance of having a menopause policy for their workers. Here's a look at the worst-paying states for registered nurses: 1. With a state mean wage of $56,970, nurses in New Jersey enjoy an average salary that is 44 percent higher. Who is the most 'overpaid' CEO in healthcare? Copyright © 2023 Becker's Healthcare. California dominated the top locations for nurses, with seven of the top 10 spots going to metro areas within the Golden State. This means nurses pay is actually less significant today due to rising inflation. Some of the staff has now walked off the job in . Job opportunities for Arkansas nurses are 2.9 percent lower than the national average there are 20.3 nursing jobs per 1,000 jobs in the state. Alaska: $89,310, Worst1. Then, we researched to determine if their consensus share price target estimates are higher than the current share price. Below, we've provided you with a high-level summary of the best and worst states for NPs in 2021 across those 5 key metrics. Wyoming has 12 percent fewer opportunities than the national average for nursing. Heres how it breaks down: Originally published on August 23, 2019. Georgia ranks 45th out of 50 states when it comes to nursing employment per thousand jobs. Texas, New Jersey, South Carolina, Georgia, and South Dakota are expected to experience shortages as well. The state with the greatest growth in nurse incomes is North Dakota, where they rose by 17.3% from 2013 to 2018. OVERALL SCORE: 56.35. 47 when it comes to opportunity. Indiana isnt a top-paying state for nurses, but the salary tops the mean annual salary of $43,950 in the state by 42 percent, according to the BLS. 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