Quote from hushpupgrl
thanks for the information! i'm currently a single female, and was wondering if i would be able to support myself with a nursing salary...i.e...get myself a nice apartment, car payment, clothes, food...etc. i have contimplated pursuing nursing or a career as a pharmacist. i would prefer nursing because of the hands on ability to help people, but at the sametime my financial future is important to me. i have read some posts on here about nurses salaries not increasing substationally with experience or the rate of inflation. i was just curious as to what a nurse with say 5 years experience and benefits would be making. anyway, any opinons are welcome.
I support myself with nice middle income on a nurses salary. I own my own home (or have a mortgage) 3-bedrooms, two bath (too much for one person but a nice investment), my car is paid for, I put 10% in a 403B (same as a 401K, but since it's a not-for-profit hospital this is what it's called), take vacations.
I have health, dental, short and long-term disability, and vision insurance (which is not given, these days no insurances are given, you have to pay), 30 days off a year, tuition reimbursement among other benefits.
Nursing can afford you a nice middle class income
if you spend your money wisely and don't get into a lot of debt. For me as a single person it can sometimes be a little tough with the high cost of homeowners insurance (I live in hurricane territory), etc. But what middle class person doesn't struggle a bit these days?
Nursing salaries go through periods of stagnation and market adjustments due to supply and demand. Over the past 15 years my salary has doubled and then some. I will say for the first time in my career, I feel my salary hasn't keep up, but that's because of the high cost of insurance and property taxes here in Florida. Also gas is on the rise and other expenses are rising, so I do think the next year will be any better. Nonetheless I'm comfortable and doing o.k.
Pharmacists make more money than nurses here as well, so if money's important go for the money, but if you can't afford to live on an RN's salary, there's something wrong with how you manage money.