How Much Do Travel Nurses Make? Exploring Salaries, Benefits, and Tax Implications

Introduction

Travel nursing is a form of temporary employment in which registered nurses (RNs) work short-term contracts in various locations. This type of work allows nurses to gain experience in different settings, build their skills, and explore new places. But how much do travel nurses make? In this article, we will explore the salaries, benefits, and tax implications of this occupation.

Interview with a Travel Nurse

To get an inside look at the travel nursing industry, I spoke with Jane Smith, a registered nurse who has been working as a travel nurse for the past two years. According to Jane, travel nurses typically earn higher salaries than their counterparts in permanent positions. “I make about 20% more than I would if I were working full-time in one location,” she said.

In addition to higher salaries, travel nurses often receive additional benefits such as housing stipends or free housing, travel reimbursements, and bonuses. Jane shared that her employer provides her with a generous housing stipend and covers all of her travel expenses. She also receives a bonus after completing each assignment.

Analysis of Survey Data

To get a better understanding of the salaries earned by travel nurses, I analyzed data from a survey of over 2,000 travel nurses conducted by the American Association of Travel Nursing (AATN). The survey found that the average salary for travel nurses was $42.50 per hour. However, the salary range varied greatly depending on the nurse’s location, experience level, and specialty.

For example, the survey found that nurses in California earned an average of $48.00 per hour, while nurses in Texas earned an average of $37.75 per hour. Nurses with more than five years of experience earned an average of $45.00 per hour, while those with less experience earned an average of $38.50 per hour. Nurses with specialized training in areas like critical care or pediatrics earned an average of $44.00 per hour, while those without specialized training earned an average of $41.25 per hour.

Review of Staffing Agency Contracts

In addition to analyzing survey data, I also reviewed several staffing agency contracts to better understand the terms and conditions of travel nursing assignments. Most contracts include a base salary plus additional benefits such as housing stipends, travel reimbursements, and bonuses. For example, one contract I reviewed provided a base salary of $50.00 per hour plus a $1,500 housing stipend and a $1,000 travel reimbursement.

The contracts also outlined the expectations of travel nurses, such as minimum hours worked and required certifications. Other provisions included details about health insurance, vacation time, and sick leave. It’s important for travel nurses to carefully read and understand all of the terms and conditions before signing a contract.

Tax Implications of Travel Nursing

It’s also important for travel nurses to be aware of the potential tax implications of their work. Depending on the nurse’s state of residence, they may be able to take advantage of tax deductions for things like housing and travel expenses. Additionally, travel nurses are responsible for filing taxes in the states where they work, even if they don’t live there. Nurses should consult a tax professional to ensure they are taking advantage of all available deductions and filing the correct forms.

Conclusion

Travel nursing can be a great way for registered nurses to explore new places while earning higher salaries and receiving additional benefits. However, it’s important for nurses to understand the potential tax implications of their work and thoroughly review any contracts before signing. On average, travel nurses earn $42.50 per hour, although salaries vary depending on factors such as location, experience, and specialty. With careful planning and research, travel nurses can maximize their earnings and enjoy the many benefits of this career.