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

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  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...

 

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.

INCREDIBLY!!!...Sheesh.. some people

Specializes in Nursing Education, CVICU, Float Pool.
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...;-)

So true!!!! Nurses have the possibility to be big $ if you live within your means.

Specializes in LTC, Agency, HHC.
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 ;)

Yep! I do not receive government assistance, and I bring home a little less (as an LPN) that 40K a year. Do you know what 70K seems to me right now?! I can only dream of that when I finish my BSN! Will I get it? Probably not. Heck, even 50K would be great right about now. But, I know, I know, at least I have a job, right? My first day of LPN school, the dean of our program said "If you are here for the money, there's the door. You're in the wrong class."

A little off topic right now, but I read a question on a nursing website, a lady wrote in wanting to know why student loans were government assistance. Uhhh.....hm.

Specializes in LTC, Agency, HHC.
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 :)

Yeah, me too! Double OT? Triple holiday pay?! I also got $2 shift diff (eve and weekend) but that's it! I am in the wrong state, apparently!! All I get now is time and a half for holidays, and nothing if I don't work holidays.

This will probably not be a popular view but here it is.... I am a nursing student that changed majors from Electrical Engineering to Nursing after caring for my husband multiple times. When I graduate, I plan on taking a much deserved vacation. It will have been a long hard road in earning my BSN. During that vacation, I expect that the rooms at the hotel will be clean and there will be waiters when we go out to eat. All the jobs that will make my vacation all that it can be, are minimum wage jobs. As much as no one wants to admit it.... there will always be a place for people that do not have a higher education. Yes, it would be great if everyone made a "living wage" BUT raising the minimum only makes everything cost more. Is it right?.... No but it is reality. I have worked fast-food when I was younger, I was also in the military and have had my share of both well paying and not-so-well paying jobs. It would be great if everyone could have that dream job.... But here it is. I want my room cleaned while on vacation, waiters at restaurants and who the heck would work at Walmart if everyone had a degree? Do I agree with all of the policies regarding assistance? No. But we are also not a country that just sits back and lets children starve or live without shelter because of their parents.

I do not plan on nursing making me rich, if that was my intent I would have continued on with Electrical Engineering. But nursing will provide a comfortable living between my husband and myself. I will also be grateful that I am not in need of the hospital bed that my patients are in. There is so much in this world to be thankful for that I can not spend too much time worrying about another person's perception about how much money I make. Wealth is relative. How ever much or little that I bring home will be enough.

What's really interesting is how the people who receive foodstamps are ashamed of them and people who dont receive them are jealous of the people that do. Public assistance does not a lottery winner make. There are no illusions about the cost of living. People apply for welfare because they cant afford the cost......not because they dont know the cost. Believe it or not, the majority of the working class poor would prefer to pay there own way and be broke rather than jump through the government's hoops every other month....and be broke.

Thank you for sharing your observation.

Contrary to popular belief, many people who get government assistance consider anyone who isn't getting assistance to be making "good money" because that means they are making enough not to NEED or qualify for assistance. For many people, that is their goal.

Carla, for example, might not be any better off financially then she was when she got all of the "handouts," but being able to be self sufficient might be her definition of success.

I know when I was working my butt off and making minimum wage (which ranged from 5.25 - 7.25 depending on the time period) I considered anyone who was making $20 an hour, which is what most new grad nurses make here, to be making "good money." That didn't mean I thought they were RICH, but I knew if I were making that much money per hour then I wouldn't have the same worries I had as a minimum wage worker.

That has little to do with why I went into nursing because I can make that much doing any number of things, and did for a short while until I switched paths into nursing. However, I completely understand when people think I must be making "good money" as a nurse, and I agree with them, and then encourage them to join us!

Of course, if/when they do join us they will see all that goes along with making that "good money," but for me at least....it hasn't been such a bad thing. That could be because I've done so many jobs where I got paid a lot less and I hated a lot more. In fact, nursing is the only job I've ever had where I've felt overpaid at times and I live in one of the lowest paid areas in the country! If you like your job has a lot to do with how well compensated you feel you are IMO.

Specializes in Emergency Department.

Public perception of what a nurse makes is something that can vary from region to region. I suspect that people believe that nurses make a lot of money because a lot of people don't make as much as nurses do. When you don't make a whole lot of money, anything above that which you earn seems like a fortune.

I am a student nurse, I work full time, my wife works part time, and together we can make about enough to make all the ends meet at the end of the month. In years past, when I could work a 2nd job, it was much easier to make things meet with room to spare a the end of the month. In our case, if my base salary were to match our combined income now, we'd be significantly ahead of things. If I make anywhere near an average wage for this region, and we remain about as frugal as we are now, we'd have a significant step up in our standard of living.

So, it's all relative to your position in life, looking at another's position. You make less? You're likely to think that someone else who is barely scraping by on what they make is just rolling in the money. You make more than an average nurse's salary? You're not going to care how much money that nurse you just met makes... because you know that you have your own problems that come along with making money... and know that your new nurse friend is dealing with those too - and it's stuff that you wouldn't have dealt with before you were making the money you do now.

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
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.

The majority of nurses in the U.S. work for nonunion facilities under at-will employment.

I work at a specialty hospital owned by a major for-profit national chain. I do not receive holiday pay, paid time off, sick pay, bonuses, raises, or other perks.

In the state where I live, a new nurse is not going to earn $60k during their first year out of school unless they strike gold or work many hours worth of overtime. I live in one of the largest metropolitan areas in the country and the starting new grad RN wage around here is between $22 and $25 hourly.

It is pretty easy to see how a person making 7.25 an hour would see a nurse making 4 times as much money as big bucks..

Are they using 100$ bills for toliet paper? No.

But they aren't in line for the soup kitchen either.

Specializes in Emergency Department.
It is pretty easy to see how a person making 7.25 an hour would see a nurse making 4 times as much money as big bucks..

Are they using 100$ bills for toliet paper? No.

But they aren't in line for the soup kitchen either.

Exactly.