{"id":556,"date":"2023-01-23T15:45:24","date_gmt":"2023-01-23T15:45:24","guid":{"rendered":"http:\/\/blog.nursefly.com\/?p=556"},"modified":"2024-09-11T17:03:01","modified_gmt":"2024-09-11T17:03:01","slug":"how-to-make-the-most-money-as-a-travel-nurse","status":"publish","type":"post","link":"https:\/\/www.vivian.com\/community\/money-taxes\/how-to-make-the-most-money-as-a-travel-nurse\/","title":{"rendered":"How to Make the Most Money as a Travel Nurse"},"content":{"rendered":"

It\u2019s widely known that travel nurses typically earn more than registered nurses (RNs) in similar staff roles and enjoy other perks, like the flexibility to work where and when they want while earning a substantial paycheck. But what if we told you that you could make even more money as a <\/span>travel nurse<\/span><\/a>? Many factors contribute to a travel nurse\u2019s income, such as specialty, certifications, licensure, location, housing situation and overall flexibility. These and other factors can all impact your take-home salary. We\u2019ve put together the ultimate guide to help you make the most money as a travel nurse.<\/span><\/p>\n

How Much More Do Travel Nurses Make?<\/b><\/h3>\n

Let\u2019s briefly look at <\/span>how much travel nurses make<\/span><\/a> compared to staff nurses. During the second week of January 2023, the average weekly travel nurse salary on Vivian was $2,557 based on active jobs posted over the previous week. This weekly salary breaks down to about $63.93 hourly in a standard 40-hour workweek. In comparison, RNs in permanent positions earned an average of $37.24 per hour, according to <\/span>Vivian\u2019s salary data for staff nurses<\/span><\/a>.<\/span><\/p>\n

RELATED:<\/b> Travel Nurse Careers: Is Travel Nursing Right for You?<\/b><\/a><\/p>\n

10 Ways to Boost Your Travel Nurse Salary<\/strong><\/h3>\n

Everyone likes to make as much money as possible at work. Although travel nurses already start out on top regarding salary, these 10 tips can potentially help boost your travel salary even further.<\/span><\/p>\n

1. Choose a High-Paying Specialty<\/b><\/h4>\n

Whether you\u2019re seeking travel or <\/span>staff nursing jobs<\/span><\/a>, certain nursing specialties pay better than others. Any roles that require extensive training and experience typically pay a bit more, and specialties with consistently higher demand than supply may also offer a slight boost. However, in-demand specialties tend to match those requiring specialized training. You may also find a temporary need in a specific facility or area for a specialty not typically among the <\/span>highest-paying RN specialties<\/span><\/a>, so the highest-paid list for travel nurses frequently changes.<\/span><\/p>\n

Of the <\/span>travel nursing jobs<\/span><\/a> posted on Vivian in mid-January 2023, the following specialties offered the highest wages:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Specialty<\/b><\/td>\nHighest Weekly Pay<\/b><\/td>\nAverage Weekly Pay<\/b><\/td>\nNumber Jobs<\/b><\/td>\n<\/tr>\n
Pediatrics<\/span><\/a><\/td>\n$8,001<\/span><\/td>\n$2,858<\/span><\/td>\n2,541<\/span><\/td>\n<\/tr>\n
Cardiovascular\u00a0 Pediatric Intensive Care Unit<\/span><\/a> (CVPICU)<\/span><\/td>\n$7,611<\/span><\/td>\n$3,907<\/span><\/td>\n39<\/span><\/td>\n<\/tr>\n
Labor and Delivery<\/span><\/a><\/td>\n$6,931<\/span><\/td>\n$2,876<\/span><\/td>\n3,588<\/span><\/td>\n<\/tr>\n
Cardiovascular Intensive Care Unit<\/span><\/a> (CVICU)<\/span><\/td>\n$6,673<\/span><\/td>\n$2,693<\/span><\/td>\n1,172<\/span><\/td>\n<\/tr>\n
Pediatric Intensive Care Unit<\/span><\/a> (PICU)<\/span><\/td>\n$6,584<\/span><\/td>\n$3,288<\/span><\/td>\n2,227<\/span><\/td>\n<\/tr>\n
Neonatal Intensive Care Unit<\/span><\/a> (NICU)<\/span><\/td>\n$6,210<\/span><\/td>\n$2,968<\/span><\/td>\n1,632<\/span><\/td>\n<\/tr>\n
Operating Room<\/span><\/a> (OR)<\/span><\/td>\n$6,008<\/span><\/td>\n$3,029<\/span><\/td>\n6,305<\/span><\/td>\n<\/tr>\n
Intensive Care Unit<\/span><\/a> (ICU)<\/span><\/td>\n$5,868<\/span><\/td>\n$2,552<\/span><\/td>\n8,406<\/span><\/td>\n<\/tr>\n
Telemetry<\/span><\/a><\/td>\n$5,425<\/span><\/td>\n$2,559<\/span><\/td>\n13,385<\/span><\/td>\n<\/tr>\n
Medical Surgical\/Telemetry<\/span><\/a><\/td>\n$5,313<\/span><\/td>\n$2,455<\/span><\/td>\n25,860<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The higher-paying travel nursing specialties include Labor and Delivery (L&D), OR (especially CVOR), Cath Lab, ICU and CVICU (Cardiovascular ICU). This doesn\u2019t mean that another specialty won\u2019t pay higher if the facility has a high need. Those fields of nursing tend to be the most sought-after and have the highest compensation, especially at in-demand locations.<\/span><\/p>\n

Furthering your education to take on advanced practice registered nurse (APRN) roles can substantially boost your travel nurse salary. Some of the <\/span>highest-paying APRN roles<\/span><\/a> include assistant chief nursing officers, certified RN anesthetists, clinical nurse specialists, nurse midwives and nurse practitioners in various specialties, especially acute care, oncology, emergency care, obstetrics\/gynecology and urgent care.<\/span><\/p>\n

2. Seek Professional Certifications<\/b><\/h4>\n

Professional certifications validate your advanced knowledge and skills in a specific nursing field and often position you for advancement and a bump in pay. <\/span>Getting certified<\/span><\/a> in areas that require heightened vigilance and nursing care, such as ICUs and emergency departments, can be especially beneficial. According to the Association of Critical-Care Nurses, three out of four Americans are more likely to choose hospitals employing a high percentage of nurses holding specialty certifications.<\/span><\/p>\n

Hospitals pursuing Magnet status to demonstrate their excellence in nursing especially strive to increase nurse specialty certification. Although this typically has more bearing on permanent staff nurses, these facilities may also prefer travel nurses with specialty certifications to keep a level playing field.<\/span><\/p>\n

3. Obtain a Compact License<\/b><\/h4>\n

As of January 2023, 36 states have fully <\/span>implemented the Enhanced Nurse Licensure Compact<\/span><\/a> (eNLC), and one more state and two territories have enacted legislation and are awaiting implementation. With so many states as members of the Compact, the odds are good that you already live in an eNLC state. You may even have your compact license. If so, you\u2019re ahead of the game on this tip.<\/span><\/p>\n

A compact license increases the number of states you can work in without further licensure requirements, making you a popular travel nurse candidate. You also save yourself the trouble and potential expense of getting and maintaining multiple licenses in the 36 states already actively participating in the Compact.<\/span><\/p>\n

If you want to take contracts in non-eNLC states, consider <\/span>obtaining single-state licenses<\/span><\/a> ahead of time to prepare. Many travel nurse staffing agencies reimburse you for state licensure, so work with your recruiter to see when you can seek these licenses and how reimbursement works.<\/span><\/p>\n

Unfortunately, if you permanently reside in a non-Compact state, you can\u2019t apply for a multistate license in another state. You must apply for a single-state license in your home state and licensure by endorsement in every state where you want to work.<\/span><\/p>\n

Keeping track of individual licenses eats up a lot of time (and possibly money) for initial licensure fees and maintaining those licenses at appropriate intervals if you don\u2019t receive reimbursements for these fees. If you plan to make travel nursing a career, you should seriously consider moving to a Compact state. A move now could really work in your favor financially over the long term.<\/span><\/p>\n

4. Work in Higher Paying Locations<\/b><\/h4>\n

\"Make<\/p>\n

California consistently pays significantly more than most states for nearly all types of travel nursing roles. <\/span>Working in the Golden State<\/span><\/a> likely sounds like a fantastic idea, both for the money and the environment. However, you might be cautious about taking some <\/span>travel nursing jobs in California<\/span><\/a> due to the state\u2019s astronomical cost of living. Although your weekly salary and housing stipend should reflect those higher costs, you could end up taking home much less than anticipated.<\/span><\/p>\n

To make the most money as a travel nurse, you must be 100% flexible in your location. Consider smaller towns that might not be as appealing as Southern California, New York City or most of Florida. Small towns and rural areas often have a difficult time attracting travel nurses because they\u2019re less appealing, but they may offer enticing pay packages to reel you in.\u00a0<\/span><\/p>\n

Many smaller or more rural states also have lower costs of living, allowing you to save more of your paycheck. For example, <\/span>travel nursing jobs in Oklahoma<\/span><\/a> pay less than those in California, but the cost of <\/span>living in Oklahoma<\/span><\/a> is 18% less than the national average, while California\u2019s is 50% higher. No matter where a contract takes you, chances are you can find fun attractions and nearby areas to explore for the short time you\u2019ll likely be working there.<\/span><\/p>\n

5. Don\u2019t Be Afraid of Overtime<\/b><\/h4>\n

If you have the energy to squeeze in extra shifts, working overtime (OT) as a travel nurse can really help you rake in the cash, especially if you don\u2019t <\/span>qualify for tax-free stipends<\/span><\/a>. You should earn 1.5 to 2 times your base rate for overtime pay, but the amount of your actual overtime can differ based on your travel nurse contract and state tax rules.<\/span><\/p>\n

For example, if you receive tax-free stipends, your base rate only includes the taxed hourly salary rate you receive. This amount may only be $20 because you get the bulk of your pay untaxed as stipends, so your OT rate may only be $30 without any additional stipend money. If you anticipate working lots of extra hours, negotiate your OT rate with your staffing agency to ensure you make the most money as a travel nurse.<\/span><\/p>\n

If you\u2019re really trying to get on the money train, look for contracts offering 48 hours per week, but make sure the additional 8 hours are paid a decent OT rate to make it worth it. For example, California pays 1.5 times the base rate for hours worked over 40 in a workweek but double time for any hours worked over 12 in a 24-hour period.<\/span><\/p>\n

In California, you may earn 1.5 times your base rate for any hours worked over 8 in a workday, but <\/span>exceptions exist for healthcare employers<\/span><\/a>. They don\u2019t always have to fully comply with all of California\u2019s OT rules if they\u2019ve adopted an alternative schedule that includes workdays exceeding 10 but not 12 hours in a 40-hour workweek.<\/span><\/p>\n

Always keep a close eye on your paycheck to ensure you\u2019re getting paid for all the OT you\u2019ve earned. Even if you only worked over by 15 minutes or you received a shorter lunch break, keep track of those minutes because they can add up.<\/span><\/p>\n

If you receive per diems for meals and other incidentals, make sure your check includes the correct amounts. Agencies do their best but can make mistakes like any person. Ultimately, it\u2019s your responsibility to know how many hours you worked and how much you should have been paid.<\/span><\/p>\n

6. Work Weekends and Holidays<\/b><\/h4>\n

Everyone wants off on the weekends and holidays, especially if they have a family. If you\u2019re working away from home, having weekends off might not be that important to you. Unless you\u2019ve worked out your travel contracts to be off during the holidays and\/or plan on flying home temporarily, you may also find yourself stuck out of town on major holidays. If so, it\u2019s an ideal time to pick up some potentially lucrative shifts and make a staff nurse\u2019s day who now gets to take a weekend or a holiday off while you work.<\/span><\/p>\n

Holidays often pay higher rates, sometimes 1.5 to 2 times your base rate. They also present an opportunity to take on shorter travel contracts if you don\u2019t want to be stuck somewhere for the average 13-week contract. Healthcare facilities may offer short-term contracts of 4 to 6 weeks just to cover staff vacations during holidays and often pay a premium for the limited number of travelers willing to work through particularly popular holidays.<\/span><\/p>\n

7. Be Smart About Housing to Make the Most Money as a Travel Nurse<\/b><\/h4>\n

When possible, share housing with someone else. Rent a single room in someone\u2019s house instead of an entire apartment, condo or house. Find a nursing friend to travel with and share expenses or ask your travel nurse agency if they know of anyone in the area looking for a roommate. Splitting housing costs can save travel nurses a lot of cash, allowing them to make the most money possible.<\/span><\/p>\n

If you absolutely must live alone, try to <\/span>find your own travel nurse housing<\/span><\/a> as cheaply as possible while ensuring you\u2019re still in a safe situation. If you\u2019re offered agency housing, the agency usually comes out ahead on this, not you. Consider an extended stay hotel, which may be cheaper than traditional housing, especially if the franchise offers <\/span>healthcare worker discounts<\/span><\/a>. Your agency may have a deal with a hotel chain that offers its travelers discounts.<\/span><\/p>\n

Some travel nurses have also bought an RV or travel trailer and stayed in campgrounds. Many campgrounds offer discounts for extended stays that make them a much cheaper housing alternative. However, some of them have stay limits. Finding a camping spot at the height of the camping season might also be challenging in some locations.<\/span><\/p>\n

The smartest housing move is to take the tax-free stipend if you qualify for it. Taking the tax-free housing stipend decreases your tax liability, which keeps more money in your pocket. If there\u2019s any way for you to qualify, take the stipend. If you take the stipend, you must find your own housing and can\u2019t rely on any agency housing that might be available. While securing your own accommodations can be more stressful, it\u2019s one of the best ways to make the most money as a travel nurse. If you do NOT qualify for any tax-free stipends, be sure to negotiate your rate as high as possible.<\/span><\/p>\n

RELATED:<\/b> 10 Best Websites for Travel Nurse Housing<\/b><\/a><\/p>\n

8. Watch for Rapid Response and Strike Assignments<\/b><\/h4>\n

If you\u2019re very flexible and able to act spontaneously, you can earn much higher sums of money taking on rapid response and strike assignments. These assignments often require you to act quickly and move to a new location on very short notice to cover staffing emergencies. Ideally, these assignments not only provide a huge salary but also cover travel expenses and accommodations.<\/span><\/p>\n

The major downside to these assignments is that they aren\u2019t guaranteed, especially strike contracts. Strikes can end at a moment\u2019s notice should both parties come to an agreement, so you could arrive and learn you don\u2019t have an assignment after all. <\/span>Another potential con is that you usually don\u2019t have many options for the unit you work in or the shifts you work. You must be willing to work anywhere within your scope of practice and during any shifts required.<\/span><\/p>\n

9. Take a Contract Extension<\/b><\/h4>\n

If you want to make the most money as a travel nurse, plan on taking an extension if the facility offers one. You can usually negotiate for a bit more money for an extension and dictate the length of time for the extension. An extension doesn\u2019t necessarily have to be for another 13 weeks.\u00a0<\/span>However, moving around about every three months can get exhausting. If you like the location and the facility, why not stick around a bit longer and get paid more to do it?<\/span><\/p>\n

If necessary, you can ask for a week off before beginning your extension to give yourself a short break. This may be especially essential if it\u2019s a fairly lengthy extension. If you\u2019re going to need any time off during the extension, be sure to inform the facility and your travel nurse agency before signing the new contract.<\/span><\/p>\n

10. Use Vivian as a Resource<\/b><\/h4>\n

Vivian Health advocates for nurses<\/span> and makes it easier and quicker for you to find travel nursing assignments. We work with multiple travel nursing agencies, meaning you\u2019ll always have a large selection of jobs in a variety of locations around the country. Vivian is unbiased towards any agency or healthcare facility and arms you with all the information you need to make informed decisions. <\/span>Our commitment to transparent pay means you\u2019ll see pay rates posted with every job an agency and hospital posts directly through Vivian. <\/span><\/p>\n

Stay informed of salary trends and easily research pay rates with our <\/span>salary calculator<\/span><\/a>. It uses the most up-to-date job market data to let you compare pay rates for various nursing disciplines in locations nationwide.<\/span><\/p>\n

Browse Jobs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Use these great tips to make the biggest paychecks doing the job you love.<\/p>\n","protected":false},"author":7,"featured_media":6317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[326,12],"tags":[290,294,75,90],"class_list":["post-556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-taxes","category-travel-nursing","tag-discipline","tag-employment","tag-rn","tag-travel"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.vivian.com\/community\/wp-content\/uploads\/sites\/3\/2021\/06\/Money2-Resized-scaled.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/comments?post=556"}],"version-history":[{"count":0,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/posts\/556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/media\/6317"}],"wp:attachment":[{"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/categories?post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vivian.com\/community\/wp-json\/wp\/v2\/tags?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}