Financial benefit of being a Travel/Agency Nurse?

Specialties Travel

Published

During my time at a busy ER on the East Coast, I was blessed with the oppurtunity to meet many great and awesome RNs who worked hard and had passion behind what they do. This is the reason I went back to school and I am graduating this May. I got a position in the ER I work at and will be for two years and then traveling.

I got into a discussion with a good friend and she cannot comprehend making great money as a Travel nurse. She does nto believe the fact that a Travel nurse can make more than 100k a year. I explained the tax-free home stipend and how you can manipulate this with your hourly and OT to take more home that is tax-free but I am now interested in the math. I am not asking how much you make but rather the math on how a traveler makes good money, including the home stipend (with or without housing), hourly rate, and other compensation like benefits.

I think I may be turning into a number nerd. Any input would be appreciated. Thank You!

Specializes in NICU, Trauma, Oncology.

Oh, my typing on the iPad is horrendous. Let me try again .... This may be a thread in and of itself, so I am sorry if I hijack your thread... But how exactly does travel nursing work? Are you on the road constantly? Only in a certain region? How long are assignments? Etc.

Specializes in NICU, Trauma, Oncology.
About a thousand agency sites and others (try PanTravelers or Healthcare Traveler) will explain the basics. If you are a nurse, most of the folks you work with will be able to tell you as well.

Thank you for the sites. Sorry about the horrid typos. I am not a nurse, yet.

Specializes in L&D.

NedRN why. I'm planning on working extra shifts too. I cannot find a local job...it's all too spread out here.

Why what? If you are making zero where you are, that is certainly a case for any job. If you cannot live on $45,000 net with included housing, you need to change your budget. That is 90th percentile earnings in the US.

So we were comparing straight hours travel with you working overtime staff on a job you don't have. Nice. I'm not understanding your posts for sure.

Specializes in L&D, Mother/Baby.

Where do you work, jodyangel?!? I'd like to settle down there when I'm done traveling! Unless of course you're making that much because of seniority/tenure. While people on staff for several years at the same job can make a great salary, I don't think the same rules apply in travel nursing. One may have access to better-paying jobs because of experience, but there are no "raises" for years of experience.

Anyways, in your scenario, your biweekly net pay would be $2800 versus the $2100 you say you make now. You'd be banking an extra $350/week traveling. And if you can rent your home, there's even more income. I'm not sure why you think you're losing money...

Specializes in L&D.

Well it might be the medium salary...but not in nursing. I have a recruitor I'm working with and she quoted the $1400/ week to me for 36 hrs. The staff job I just left paid $11,000/week. Clear. So that's about $60,000 after taxes.

i don't feel like it's confusing. I'm a seasoned nurse so I usually get the higher range payscale.

Come on, $11,000 per week? That is a lot of overtime. Why would you leave such a job?

Specializes in L&D.

Lol typo!! $1,100

$1,100 then. Is that with or without OT?

Regardless, that is certainly in the ballpark with $1,400 take home, and travel pays even better if you can get housing at $1,000 a month. It is certainly difficult for me to understand why you can't live on that, but if true, you might want to try agencies such as Fastaff that guarantee 48 hours or more. Fastaff typically pays $40 an hour plus housing (I think usually an extended stay) but I don't know what their take home might be. You will usually earn your money though!

Most standard assignments do not put OT in the contract and promises of lots of OT during an interview often prove false. In addition, if OT is available, the standard contract usually only pays OT based on the low taxable base rate which effectively means a pay drop for OT since you don't get extra housing or per diem money for the extra hours. That means an added hassle of negotiating OT separately for OT that may turn out to not be available.

Specializes in BMT.

I'm really not understanding all the complaining about numbers on here. I agree with Ned. $1400/week take home, do the math. That's approx $6100/month AFTER TAXES! I didn't take home that much living and working full time in NYC as an RN! You're saying you can't live on that? Where do you live? In NC, full time I made $38k/year, some of the senior floor RN's maybe made as much as $45? They also had houses, owned cars, etc.

Honestly, if you can't live off of $6100/month, then that's between you and your finances, and you shouldn't be a travel RN. I have a decent amount of debt and I've made HUGE strides paying it off by being a travel RN and I'm not sacrificing my standard of living at all. I do have roommates though :)

Specializes in L&D.

BD wow...well I've made between $65,000 and $80,000 working full time. I'm from NJ..south jersey and recently relocated to NC. I made 34.00/hr here in NC.

Not sure how you find roomates tho..part of my uncertainty about traveling. I'm looking forward to this adventure. But it's not crazy money really. My OT will be $40/ hr. I checked : )

I would not accept $40 OT.

What are you trying to accomplish with this conversation? You are posting a variety of wages based on a lot of unknowns, debating travel pay, talking about being unable to live on travel pay, yet you are going anyway? There doesn't seem to be a straight forward path to an honest dialog that might help you or anyone else reading this. Do you have a real question?

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