Neonatal Nurse Practitioner Salary
What is the average neonatal nurse practitioner salary?
Neonatal nurse practitioners across the U.S. earned an average median salary of $87,683 per year, according to June 2015 information from payscale.com. In Atlanta, a major healthcare hub, the median salary was $82,714. However, pay can vary by experience as well as location. As an example, the median pay for those with 10 to 20 years of experience was $104,000 while those with more than 20 years of experience earned median pay around $109,000, according to payscale.com.
Other factors can impact total income too. For example, many neonatal nurse practitioners receive bonuses in addition to their annual income. Overall, their pay can generally vary from $60,267 to $121,450, payscale.com shows. The American Association of Nurse Practitioners (AANP) also reports that out of eight nurse practitioner types, neonatal nurse practitioners had the highest pay.
How does education and location influence salaries for neonatal nurse practitioners?
Education level can factor into pay for nurse practitioners. For example, NPs who had a master's degree earned an average base salary of $92,867 (without overtime and bonuses) while those with a doctoral degree had an average base pay of $96,807, shows the 2012 National Salary Survey of Nurse Practitioners and Physician Assistants broken down by degree.
Also, geographic location in the U.S. can affect neonatal nurse practitioner pay. For example, nurse practitioners in the Plains area, including Iowa, Kansas and Missouri, earned some of the highest pay in the country, followed by those working in states in the Far West and Southwest, shows the AANP.
How can subspecialty training influence salaries for neonatal nurse practitioners?
Furthermore, professionals that seek training in subspecialty areas tend to receive higher salaries as well. Some subspecialties for neonatal nurse practitioners include palliative care nursing, electronic fetal monitoring and neonatal pediatric transport. Nurses who work in a Neonatal Intensive Care Unit (NICU) can also earn more, payscale.com shows. Studies also show that neonatal nurse practitioners that receive overtime and bonuses earn better salaries then those that do not.
How can location influence salaries for neonatal nurse practitioners?
Finally, because economic conditions, general population and health care demands can vary between states, a neonatal nurse salary can differ widely according to geographic location. The following are the top five highest paying states for nurse practitioners and their average annual salaries, according to May 2014 U.S. Bureau of Labor Statistics data:
- Hawaii: $115,870
- Alaska: $115,670
- California: $115,460
- Oregon: $111,160
- Massachusetts: $107,230
On the other hand, the states with the lowest average nurse practitioner annual salaries were Kansas at $84,270 and Oklahoma at $82,880. As such, neonatal nurse practitioners who can relocate for a position may be more likely to improve their earning potential.
Learn more about neonatal nurse practitioner programs.
- 2011 AANP National NP Compensation Survey, American Association of Nurse Practitioners. http://www.aanp.org/images/documents/research/2011AANPNationalNPCompensationSurveyPreliminary.pdf
- Nurse Practitioners, Bureau of Labor Statistics, Occupational Employment Statistics, May 2014. http://www.bls.gov/oes/current/oes291171.htm
- Salary Averages According to Degree, ADVANCE for NPs & PAs, 2012. http://nurse-practitioners-and-physician-assistants.advanceweb.com/SharedResources/Downloads/2013/052713/NPPA060113_SS_Degree_BSI.pdf