Do Nurses Earn Big Money? You Decide.

The members of the public who are convinced that registered nurses earn huge salaries are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations, and they are unaware of the hazards many of us face during the course of a day at work. Nurses General Nursing Article

Updated:  

  1. Do Nurses Earn Big Money?

    • 4743
      No
    • 553
      Yes
    • 344
      Not sure

5,640 members have participated

"You're rolling in the big bucks!"

Am I the only one who becomes at least mildly irritated whenever a random individual finds out that someone is a nurse and proceeds to say, "You're rolling in the big bucks!"

To keep things honest, I'll recall a few observations about the people who generally do (and don't) broadcast their feelings about nursing pay. In my personal experience, no doctor has ever told me to my face that I'm earning 'big money.' No engineers, attorneys, pharmacists, speech language pathologists, or other highly educated professionals have hooted and hollered about the supposedly 'good money' that nurses make once they discover that I am one. On the other hand, bank tellers, call center workers, clerks, and others who work at entry-level types of jobs have loudly made their feelings known about the incomes that nurses earn.

I was employed at two different fast food chains while in high school, and during my late teens, I worked a string of dead end jobs in the retail sector. From ages 20 to 23, I maintained employment at a paper products plant in high cost-of-living southern California as a factory worker and earned an income of about $40,000 yearly with some overtime. Of course I thought that nurses earned handsome salaries during my years in the entry-level workforce. After all, the average RN income of $70,000 annually far exceeded my yearly pay back in those days. Keep in mind that I paid virtually no taxes as a fast food worker because my income was so low. Also, I paid relatively little in the way of taxes as a retail store clerk.

Awash With Cash

Do nurses earn "big money"?Many of the certified nursing assistants (CNAs) with whom I've worked over the years have fallen into the trap of believing that the nurses are awash with cash. However, the ones that pursue higher education and become nurses themselves eventually come to the realization that the money is not all that it is cracked up to be. For example, Carla* is a single mother to three children under the age of 10 and earns $11 hourly as a CNA at a nursing home. Due to her lower income and family size, she qualifies for Section 8 housing, a monthly food stamp allotment, WIC vouchers, Medicaid, and childcare assistance. Moreover, Carla receives a tax refund of $4,000 every year due to the earned income tax credit (EITC), a federal program that provides lower income workers with added revenue through tax refunds. Much of Carla's CNA income is disposable.

Carla returned to school part-time, earned her RN license, and now earns $25 hourly at a home health company in a Midwestern state with a moderate cost of living. She nets approximately $3,000 per month after taxes and family health insurance are deducted as she no longer qualifies for Medicaid. She pays the full rent of $900 monthly for a small, modest 3-bedroom cottage because she no longer qualifies for Section 8. She pays $500 monthly to feed a family of four because she no longer qualifies for food stamps or WIC vouchers. She spends $175 weekly ($700 monthly) on after school childcare for three school-age children because she no longer qualifies for childcare assistance. Carla's other expenses include $200 monthly to keep the gas tank of her used car full, $300 a month for the electric/natural gas bill, a $50 monthly cell phone bill, and $50 per month for car insurance. Her bills add up to $2,700 per month, which leaves her with a whopping $300 left for savings, recreational pursuits and discretionary purposes. By the way, she did not see the nice tax refund of $4,000 this year since she no longer qualifies for EITC. During Carla's days as a CNA most of her income was disposable, but now that she's an RN she lives a paycheck to paycheck existence. I'm sure she wouldn't be too pleased with some schmuck proclaiming that she's earning 'big money.'

The people who are convinced that nurses earn plenty of money are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations. They remain blissfully unaware of the daily struggles of getting through our workdays. All they see are the dollar signs. I'm here to declare that I worked hard to get to where I am today and I deserve to be paid a decent wage for all of the services that I render. Instead of begrudging us, join us.

Further information to help readers decide...

 

Good article, Commuter. Actually I've enjoyed reading all of your articles since becoming a member of this site. In "Carlas" case, yeah she had a reality check lol. But for those who do not receive government assistance, I'm sure that you can understand why they think that $70k is a lot of money. (*Well, come to think of it, $70k IS a lot of money :) ) I mean, lets say a single person is struggling to get by on $12 an hour with no assistance. They are probably working a decent amount of overtime to do so, so they likely work at least 48 hrs a week. They also probably don't have a staggering amount of disposable income either when all responsibilities are paid.

Fast forward them through school. They (Eventually) start a job as an RN, and now make $32 an hour. If they are lucky enough to work 48 hours a week with that, and don't go crazy with the extravagant house and car, then in their case it is a VERY nice lifestyle bump.

I myself am not going into Nursing for the money, as I make well over the $70k average (although that doesn't matter-I still stick by the opinion that $70k IS a lot of money :) ) with my current job-I'm an A/C tech here in HOT LAS VEGAS. But I've been that $12 an hour guy, so I understand (Actually, $9.25...) Try not to hate them so much ;)

1 Votes
Specializes in Nursing Education, CVICU, Float Pool.

The confusion that nurses make "a lot" of money could stem from people viewing nurses who are single and don't have many financial obligations like excessive loans, multiple car payments, family expenses etc...... The people may be able to splurge more because of possibly not having quite as many finis coal obligations as a nurse with the same amount if experience but have kids and multiple student loans to pay off etc...

Nurses do make more than a number of other professions, but that doesn't mean their rich of course. You can live comfortably on a nursing salary, according to your situation.

1 Votes

It is funny that you bring this topic up. I am currently a firefighter/medic, but start my first nursing job in 2 weeks. All I hear from my coworkers is how I'm off to make big money. They are shocked when I tell them my base pay is actually about $8000 less, or about what a new firefighter makes, and these are people who work around nurses every day. I think people believe RNs make what NPs make. Because I was hired for night shifts, the shift diffs will bump me about $500 higher per year than I already make. The only thing that will actually make it worth it in the short-term is that the fire dept. is keeping me on part-time, meaning I can make extra money there. Long-term, I'm looking to be a CRNA, so that is the other part that makes this new job worth taking since I'm going to an ICU and can start getting the required experience.

1 Votes

This notion makes me extremely angry as well. I have not gotten my first job yet, but right after I graduated, I met a student who was getting ready to start nursing school and she said that her school said she would make 70,000 dollars a year as a new grad (in my area). Um, no...hate to break it to you, but they lied to you to get your money. I corrected the info. and she got mad. She also said that she would not be doing CNA work because "nurses don't do that". Um wrong again, sweet pea. I informed her that sometimes she will and especially in ICU and such. I also said that nurses work weekends and holidays in the hospital setting. She didn't like that. She informed me that she would go an additional 16-18 months and be a nurse anethesiologist (sp?). I told her yes, that's possible, but they prefer critical care experience in ICU (you know, the area they do CNA work) before they take you because after all, if something goes wrong with anesthesia, you better know what to do because going under you are pretty close to death....I don't know how her first semester went or even if she stayed.

I think nurses get paid very well for the amount of education that they have. Not in many other professions can one make 60k their first year out of school. Sometimes I look at my union contract and think "I am part of what's wrong with healthcare in America." Double overtime, triple time holidays, large shift differentials, weekend bonuses, extra shift bonuses, and God help us if we don't get a raise every year... Don't get me wrong, I love these perks, but I do think nurses are more than adequately compensated. So yes, I guess to answer the question- nurses can make a good amount of money. Maybe not the "big bucks" but decent enough, I'd say! Hiding now, please don't hate!

1 Votes
Specializes in PDN; Burn; Phone triage.
deann52 said:
She did not have "dispoable income" as a CNA. She was getting handouts from the govenment. Now she has a job that gives her enough to pay her own bills so I don't have too. Sorry, but that whole paragraph with the income breakdown is a big fat welcome to the real world and grow up.

Are you implying that people who work minimum or low wage jobs aren't "grown up" or living in the real world? That's incredibly offensive.

1 Votes
\ said:

actually, oddly, it does help the economy. NOt sure if you are well versed in economics, but, a dollar of govt aide, WILL be spent, WILL be circulated through the stores, the shoppes, the community, and there is almost no better investment into a dying economy than giving aide to the most poor among us.

They WILL spend that money.

It is the most huge and most impactful return on that investment into an economy one can make.

Each and every dollar will be circulated, and each and every business that mom spends her money in, is a lil more likely to stay open/stay in business,

this is "circulation" of the money, which IS what we need most desperately.

compared to corporate welfare, (which, oddly no one ever complains aobut, ever!!) Giving cash to the incredibly rich, tend to send their cash to overseas banks and NOT re-invest it/circulate it through a community.

I am not entirely certain if your number there is accurate, but that is about how much one hour of the wars were costing...per hour.

The problem with this statement is that it does not take into account where the dollar came from to begin with. In order for the government to spend a dollar, it must first do one of three things. One is to steal a dollar from the economy in the form of taxation. In this case, the dollar would have been spent in some way without government intervention; the government is only choosing who gets to spend it. The second option is to borrow a dollar. In the current ways of DC, that dollar typically comes from China or another foreign nation, meaning that at a future date a dollar plus interest must be taken from the economy to pay for the loan. The final option is to print a dollar. Here, the laws of supply and demand dictate that because of this new dollar (since we are no longer on the gold standard), all other dollars are worth less than they were the day before, further depressing the economy because everyone's spending power is hurt in the process. If something cost $1 before the printing, but the devaluation of the dollar makes it now cost $1.10, it does not help the economy. If what you said was true, the recession should have been fixed after TARP I&II, ARRA, and the auto bailouts. These programs helped the poor with jobs, mortgage assistance, and other assistance. Hundreds of billions, maybe even into the trillions, were spent on these programs, therefore the problems should have immediately gotten better rather than worse. So, to say that government spending helps the economy is to focus only on one half of the story while ignoring the other half.

Also, people do complain about corporate welfare. True conservatives and libertarians do all the time. It's Republicans and Democrats who ignore it. The rich send money overseas because that is where it is most profitable. If the government stepped back and allowed it to be profitable here, there would be no need to send it offshore.

1 Votes
Specializes in LTC, med/surg, hospice.
\ said:
I think nurses get paid very well for the amount of education that they have. Not in many other professions can one make 60k their first year out of school. Sometimes I look at my union contract and think "I am part of what's wrong with healthcare in America." Double overtime, triple time holidays, large shift differentials, weekend bonuses, extra shift bonuses, and God help us if we don't get a raise every year... Don't get me wrong, I love these perks, but I do think nurses are more than adequately compensated. So yes, I guess to answer the question- nurses can make a good amount of money. Maybe not the "big bucks" but decent enough, I'd say! Hiding now, please don't hate!

In my area, no nurses are making 60k right out of school. More like 45k and at my hospital there is no holiday pay. You get your normal wage. They just decreased the weekend shift diff by more than half. No union here either.

We may be compensated well based on our education level but not based on skill set gained and responsibility.

2 Votes
Specializes in Nursing Education, CVICU, Float Pool.
\ said:
I think nurses get paid very well for the amount of education that they have. Not in many other professions can one make 60k their first year out of school. Sometimes I look at my union contract and think "I am part of what's wrong with healthcare in America." Double overtime, triple time holidays, large shift differentials, weekend bonuses, extra shift bonuses, and God help us if we don't get a raise every year... Don't get me wrong, I love these perks, but I do think nurses are more than adequately compensated. So yes, I guess to answer the question- nurses can make a good amount of money. Maybe not the "big bucks" but decent enough, I'd say! Hiding now, please don't hate!

Good points.

2 Votes
Specializes in Psych, LTC/SNF, Rehab, Corrections.

I don't know. Most of the nurses that I'm related to and personally know (RNs) 'earn well'.

Of course, they have paid their dues. They hop in and out of different specialties. They travel. They work OT and PRNs. They've been nursing for 1000 years, so they'd automatically rec'v the higher salaries....LOL

You won't earn as much with an LVN, but I think...the key to earning money as an LVN lies in positioning. I work double w/ends (20/hr) and staffing (17-25...but I take the 'easier' cases b/c I don't have the confidence to nurse at actual facilities so I take the lower pay. $17/hr) during the week.

If I worked to my potential, I could pull $2000/check (est).

I don't, though. I work my 32 hours and maybe one 12 during the week. In time, I will. Just not now. I'm still a new nurse with 5 months under my belt (a/o 11 Dec 2012)

Now, they may not have to work AS hard for that money...because certain specialities will pay more. But this is the only way I know that a non Ca/NY native, non AP nurse (RN) can bust $90,000 to $100,000/yr....

Some states pay better than others, mind you.

'Big money'? It's all relative. Personally, I can live very well on $50,000/year. That's not a lot of money. I don't believe that $100,000/year is 'big money', either. Others do. That's fine. It makes sense. It really doesn't take much to be a 10%-er in this country. $62,000-85,000/year is good for a single earner, actually

Why should anyone get offended when others talk about 'the big money' of nursing? When the average household income hovers around $50,000 (barely middle class), yes -- the average nurse salary is going to look like 'a lotta money'...to a lot of people.

...and all of this talk about what other occupations earn and how 'engineers'

never 'discuss nurse earnings'?

Ya'll act like every American has a college degree....

They don't. Not the majority. Not even close... and the amt of Americans toting a grad degree is ridiculously low, as well.

Section 8 Mom?

'Disposable income'? Section 8 Mom had...'disposable income'? Those words don't even go together...LOL

Of course, Section 8 mom's CNA income was 'disposable'. EVERYONE ELSE was paying her damned way...! LOL

Moving up in the world, meant dropping illusions. I had a typical upper-middle class upbringing. BUT... I'm worldly enough to discern the difference between having 'disposable income'...?

... and being 'hood rich'.

1 Votes
Specializes in Trauma Surgical ICU.
Kunzieo said:
I think nurses get paid very well for the amount of education that they have. Not in many other professions can one make 60k their first year out of school. Sometimes I look at my union contract and think "I am part of what's wrong with healthcare in America." Double overtime, triple time holidays, large shift differentials, weekend bonuses, extra shift bonuses, and God help us if we don't get a raise every year... Don't get me wrong, I love these perks, but I do think nurses are more than adequately compensated. So yes, I guess to answer the question- nurses can make a good amount of money. Maybe not the "big bucks" but decent enough, I'd say! Hiding now, please don't hate!

Please tell me where you work because I can promise you, I do not get holiday pay, double overtime, large shift diffs etc.... No triple holiday time or regular time and a half for holidays either. Weekend bonuses, whats that.. I get 2 dollars more on nights and 2 dollars more on the weekend, or something like that. Trust me, its not enough to worry with the actual amount ?

1 Votes
Specializes in CCU, CVICU, Cath Lab, MICU, Endoscopy..

Certainly views of big money differ from person to person. Unfortunately most nurses duo think they are rolling in cash. Lol i remember as soon as we graduated most of my colleagues bought luxury cars worth $50000 or more. Well years later they are still paying plus the kids came plus the house....then its no longer big money. Just live according to your means you will be fine...;-)

2 Votes