Wondering how much travel nurses make? Then you are probably interested in pursung a career in travel nursing.
As you already know, travel nursing offers a lot of benefits. For starters, travel nurses get to travel in and out of the country. As such, they get to experience different cultures and places.
Travel nurses also have the opportunity of learning more while working on assignments. This goes a long way in making one better in what they do.
So, how much money do Travel Nurses make?
Well, figuring out how much travel nurses earn is a little bit complicated. Unlike registered nurses working on a full-time basis, travel nurses earn according to the duration of an assignment.
Some assignments can last for 8 weeks while others can extend to 20 weeks.
According to the US Department of Labor, the median pay for travel nurses ranges between $42 to $46 an hour. This means the annual salary of a travel nurse can range between $65,000 to $105,000.
When comparing assignments and pay packages, focus on weekly net pay.
Why focusing on weekly net pay?
The weekly net pay is the amount to be deposited in your bank account. This is after working for the contracted hours in a week.
To calculate the net pay, take the weekly taxable pay and subtract the estimated weekly taxes.
Add that value to the total weekly tax-free earnings and that is how you get the weekly net pay.
Good to know
Remember, pay packages for travel nurses differ between states. Take California for instance. Travel nurses in California enjoy the best rates in the whole country. If the staffing agency offers you an opportunity in California, you may end up earning more.
Problem is, assignments in cities such as Los Angeles, and San Francisco means a higher cost of living.
You can choose to work in cities such as Stockton, Bakersfield, and Sacramento. These cities are less expensive, but you get to earn similar rates like major cities.
What are your thoughts on travel nursing? Do you think it’s a great way to get paid to travel for a living, is it overrated, or is it the perfect profession and an effort worth pursuing?