{"id":8246,"date":"2024-06-10T14:00:11","date_gmt":"2024-06-10T14:00:11","guid":{"rendered":"https:\/\/www.vivian.com\/community\/?p=8246"},"modified":"2024-06-10T20:54:59","modified_gmt":"2024-06-10T20:54:59","slug":"how-to-make-6-figures-as-a-travel-nurse","status":"publish","type":"post","link":"https:\/\/www.vivian.com\/community\/money-taxes\/how-to-make-6-figures-as-a-travel-nurse\/","title":{"rendered":"How to Make 6 Figures as a Travel Nurse"},"content":{"rendered":"

Aspiring healthcare professionals (HCPs) choose nursing for various reasons: access to plentiful and steady work, intellectually stimulating tasks and fulfilling careers with a demonstrable impact on patients\u2019 lives among them. Meanwhile, <\/span>travel <\/span><\/i>nursing<\/span><\/a> offers the added benefit of seeing the country. Even better, we have some tips to help you learn how to make 6 figures as a travel nurse! If this sounds appealing, then this post is for you. We\u2019ll cover what travel nursing is and the steps you can take to potentially earn at least $100,000 a year and rank among the <\/span>highest-paid registered nurses<\/span><\/a> (RNs) in the travel field.<\/span><\/p>\n

Why HCPs Pursue Travel Nursing<\/b><\/h3>\n

There are many <\/span>great reasons to become a nurse<\/span><\/a> and even more reasons to <\/span>be a travel nurse<\/span><\/a>. Among them, travel nurses benefit from the ability to change work settings at their leisure while working in jobs that tend to offer above-average pay. Part of a travel nurse\u2019s pay, the travel stipend, may be tax-free, which can increase your take-home pay further compared to working a similar staff role.<\/span><\/p>\n

Travel nurses help fill staffing shortages at <\/span>healthcare facilities<\/span><\/a> nationwide. Travel nurse contracts typically last 13 weeks, though they can be longer or shorter. The facility may ask the nurse to renew their contract if it has ongoing staffing needs, or the travel nurse may ask if they can renew it if they particularly like the job or location. <\/span>Travel nursing jobs<\/span><\/a> are typically full-time but may involve various types of weekly shift schedules, such as five 8-hour shifts or three 12-hour shifts.<\/span><\/p>\n

After fulfilling their travel nurse contracts, nurses might move to another job at another facility, potentially in another state or region. By stringing together one contract after another, it\u2019s possible to work in travel nursing as an ongoing, year-round pursuit.\u00a0<\/span><\/p>\n

RNs, licensed practical\/vocational nurses (LPNs\/LVNs) and advanced practice registered nurses (APRNs) can all work as travel nurses, typically once they have at least one year of acute care experience in their specialty. However, some high-acuity roles may require travel nurses to have two years of experience before applying. Even certified nursing assistants (CNAs) can sometimes work in travel roles. However, a six-figure income is typically out of reach for these HCPs without leveling up into higher-tier nursing roles.\u00a0<\/span><\/p>\n

Travel Nurse Pay Components and Earning Six Figures<\/b><\/h3>\n

\"Vivian<\/p>\n

Travel nurses are typically paid in one of two ways <\/span>\u2014 <\/span>a blended rate of taxed wages and untaxed stipends to arrive at a total hourly rate or an hourly rate containing fully taxed wages. The benefit of being paid partially with an untaxed stipend that includes housing, meals and other incidentals is that they boost your take-home pay. Travel nurses may qualify for these tax-free perks if they live away from their <\/span>permanent tax home<\/span><\/a>.\u00a0<\/span><\/p>\n

When assessing pathways to earning six figures, we consider all the components of <\/span>travel nurse pay packages<\/span><\/a>, including base pay, stipends and bonuses. Staffing agencies that work with healthcare facilities explain how they distribute travel nursing pay, but we offer a breakdown of what to look for when <\/span>reviewing your travel healthcare contract<\/span><\/a> from your agency.<\/span><\/p>\n

RELATED: <\/b>Everything Travel Nurses Want to Know About Bill Rates<\/b><\/a><\/p>\n

Your total combined weekly pay must be at least $2,084 per week while working 48 weeks of the year, leaving four weeks for unpaid vacation, to make at least $100,000 annually as a travel nurse. Unlike year-round staff positions, travel nurses typically don\u2019t get paid vacation in their contracts and must budget for and schedule their time off between travel jobs. Of course, you can also have more vacation time and still earn six figures with a higher weekly pay rate.\u00a0<\/span><\/p>\n

Choosing Travel Nursing Can Be the Key to Six Figures\u00a0<\/b><\/h3>\n

The biggest decision a nurse can make to break the $100,000 barrier is simply choosing to work full-time as a travel nurse. The <\/span>average travel nursing salary<\/span><\/a> nationally was above $2,084 per week and higher than the average pay for staff roles on May 7, 2024. Consider that the <\/span>average wage for a staff RN<\/span><\/a> was $45.19 per hour on this same date, about $94,000 per year if working full-time, 40 hours per week before any overtime.\u00a0<\/span><\/p>\n

On the other hand, the average travel nurse wage was $2,112 a week during this period <\/span>\u2014 <\/span>or nearly $101,400 when working a 48-week year without overtime. In Vivian Health\u2019s most recent <\/span>quarterly recap of travel nurse<\/span><\/a> pay rates, the average travel nurse job paid above $2,083 per week in every state but Mississippi and Alabama.<\/span><\/p>\n

Of course, the wages quoted above are just averages. Some jobs pay substantially more or less. However, there are opportunities for nurses to earn significantly more than the average and land well above the six-figure barrier. Methods to pursue the highest-paid travel nurse jobs include pursuing a career in the highest-paying specialties, choosing jobs in high-paying areas and shopping around for the best-paying jobs with the best-paying agencies.<\/span><\/p>\n

3 Tips to Earn 6 Figures as a Travel Nurse<\/b><\/h3>\n

1. Choose a Top Paying Region<\/b><\/h4>\n

\"Money<\/p>\n

One way to earn more is to travel to a high-paying region. In certain states like California and New York, jobs typically pay travel nurse wages above $2,500 a week. Generally, Northeast and West Coast states pay more because the\u00a0<\/span>cost of living<\/span><\/a>\u00a0tends to be higher in these areas.\u00a0<\/span><\/p>\n

Thrifty travel nurses willing to economize on housing, or those who <\/span>travel in a mobile home<\/span><\/a> with relatively fixed living costs, may find that the higher pay of such regions is a great incentive to take jobs there and still pocket extra savings. A bit of sleuthing to find the <\/span>highest-paying areas<\/span><\/a> can help a travel nurse earn potentially over $150,000 a year.\u00a0<\/span><\/p>\n

2. Pursue a High-Paying Specialty<\/b><\/h4>\n

Choosing certain nursing specialties<\/span><\/a> and <\/span>obtaining professional certifications<\/span><\/a> in these specialties may enable travel nurses to earn above-average salaries that help them break into a six-figure annual income. Above-average paying specialties for travel nurses include:<\/span><\/p>\n