How Much Do Nurse Practitioners Make?

In Nurse Practitioner, Salary
October 18, 2016

How Much Do Nurse Practitioners Make

If you’re asking “how much do nurse practitioners make?”, then you’re likely considering the occupation as a career. This article takes an in-depth look at job growth and salaries of nurses over the next decade.

Nurse practitioners play a critical role in the healthcare field by filling the gap between support staff, like registered nurses and physician assistants, and medical doctors. NPs must complete further education than any other type of nurse, and are capable of performing many of the same duties as a physician. With the expansion of healthcare coverage and an aging population, more nurse practitioners are sought after today than ever before.

If you’re considering a career in healthcare, now is a great time to consider becoming a nurse practitioner. As new patients gain coverage and flood hospitals, the demand for NPs will continue to rise over the next decade to fill the gaps in care left by the current physician shortage.

How Much Do Nurse Practitioners Make?

How much a nurse practitioner is paid can vary dramatically depending on several factors, including location, age, experience, education, skill-level, type of position and several others.

As represented in the graph below, nurse practitioners without any further specialization can expect to earn a median hourly wage of $47.40, or $98,600 per year.

How Much Do Nurse Practitioners Make

However, you can directly influence your income directly by specializing in a particular area, doing consulting work, or working as a contract or self-employed NP.

Return on Investment for Nurse Practitioners

In order to become a nurse practitione, students must pursue bachelor of science degree in nursing (BSN) which will generally take 2-4 years of your time and follow its completion with a Doctor of Nursing Practice degree, or D.N.P. The return on investment for NPs will ultimately vary based on the individual, their circumstances, and whether they intend to complete a specialized degree program.

Best States for Nurse Practitioner Salaries

A major factor in determining what your salary may look like is the location in which you plan to work. However, this principle applies to nearly all occupations largely due to the varying cost-of-living rates across the country.

Employers must pay workers residing in states like Alaska more than those in Mississippi as are willing to pursue a career which requires years of education only to make a lackluster wage for their area.

The Bureau of Labor Statistics collects salary and employment data for nearly all positions, nationwide. The following table ranks all 50 states from the highest to lowest paying for nurse practitioners:

*Location quotients serve as a statistical representation of the concentration of a resource, like jobs, with a broader base area.

StateEmploymentEmployment per thousand jobsLocation quotientHourly mean wageAnnual mean wage
California10,7200.690.70$58.14$120,930
Alaska3901.191.21$56.29$117,080
Hawaii3300.540.55$54.91$114,220
Massachusetts5,6901.671.70$54.26$112,860
Oregon1,5000.860.88$53.47$111,210
New Jersey3,6700.940.95$53.41$111,090
Rhode Island5201.101.12$52.38$108,950
New York11,2601.251.27$51.36$106,830
New Hampshire8301.311.33$51.06$106,210
New Mexico9601.211.22$51.04$106,170
Connecticut2,6001.561.59$50.89$105,840
Texas8,1000.700.71$50.59$105,220
Colorado2,3700.970.98$50.26$104,540
Arizona2,1600.830.85$50.21$104,440
Minnesota3,2901.191.20$50.19$104,390
North Carolina3,9500.960.97$50.15$104,310
Washington2,4600.820.83$49.96$103,910
Wyoming2300.810.82$48.77$101,440
Delaware5501.281.29$48.77$101,440
Washington DC5200.770.78$48.68$101,260
Nevada5800.470.48$43.80$100,690
Virginia4,0701.111.12$47.58$98,960
Mississippi2,3402.112.14$47.54$98,880
Indiana3,5901.221.23$46.65$97,030
Louisiana1,6500.851.86$46.45$96,620
Maine1,1701.982.01$46.44$96,590
Ohio6,3001.191.21$46.40$96,520
Maryland2,7501.061.08$46.25$96,200
Florida8,3201.051.06$46.05$95,780
Utah1,4701.111.13$45.77$95,200
Kentucky2,6201.431.44$45.74$95,140
Montana4601.031.04$45.54$94,720
South Dakota4301.041.05$45.52$94,680
Wisconsin2,1900.790.80$45.51$94,660
Idaho5700.890.90$45.47$94,570
Michigan3,2100.770.78$45.46$94,560
Georgia3,9200.950.97$45.39$94,420
Iowa1,2900.840.85$45.34$94,310
Arkansas2,1601.161.17$45.13$93,870
Alabama2,0201.071.08$45.11$93,820
Tennessee4,5301.611.63$44.96$93,520
North Dakota4501.011.02$44.59$92,750
Pennsylvania4,3800.770.78$44.55$92,670
Kansas1,5201.111.12$44.23$91,990
South Carolina1,6000.830.84$43.96$91,440
West Virginia8901.251.27$43.88$91,270
Nebraska1,0701.121.13$43.80$91,100
Illinois4,2500.730.74$43.57$90,620
Missiouri3,3201.221.24$43.47$90,410
Oklahoma1,1100.690.70$39.31$81,750
Vermont5201.721.74No dataNo data

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