You should consult your own certified financial planner if you have concerns before you start travel nursing. *Assumes $20 per hour at 40 hours per week, minus taxes Your total travel nursing pay package will look different than a staff nurse because it’s made up of your “base wage” pay - the hourly rate you earn for your nursing duties - and additional stipends, which are classified as non-taxable reimbursements and not considered income.Īs an example, a standard total pay package could look something like this: Taxable hourly base wage* But, if you take several assignments in a 12-month period, then you could make significantly more in one year than you could as a travel nurse. The average annual travel nurse salary is $108,070 in 2021.įor example, you may make more in a month as a travel nurse compared to a staff nurse, but if you only work one- or two-month-long assignments, your annual pay will be lower. The exact salary you can expect to make as a travel nurse will vary widely based on where you choose to work, what type of nursing position it is, and the length of the contract. That is significantly higher than the average mean salary for staff nurses, $75,330 per year according to the Bureau of Labor Statistics (BLS). The average annual salary for a travel nurse is $108,070 in 2021, acccording to. Because these extra stipends are classified as reimbursements and not income, they’re non-taxable, so a travel nurse can bring home a higher total pay when compared to a staff nurse, who pays taxes on all of the income they bring home. Unlike regular staff nurses, travel nurses are paid a “total pay package” that includes an hourly base wage pay plus additional monetary incentives that include things like sign-on or referral bonuses, travel reimbursements and stipends for housing, food, mileage, or job-related expenses. Travel nurse staffing agencies work specifically with hospitals, clinics, and other healthcare facilities that have a high demand for nurses, which means they are willing to pay more to reach adequate staffing levels or to cover known leave of absences.Ģ) Additional monetary incentives. In general, travel nurses have the opportunity to make more money than a staff nurse for two main reasons:ġ) High need = higher pay. See available high-paying travel nurse opportunities. Though, the exact amount of money you can make as a travel nurse really depends on a variety of different factors.īelow is a breakdown of how much travel nurses make and why travel nurses tend to get paid more. Travel nursing comes with plenty of perks, such as a high travel nurse salary, incentives like sign-on bonuses, and the opportunity to work in glamorous places like Hawaii.īut, do travel nurses really make more money? The answer is yes - usually.
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