What Is the Yearly Salary for a Neonatal Nurse?
A neonatal nurse is an advanced practice nurse who cares for newborn babies. The neonatal nurse works with both healthy and ill newborns. All 50 states require licensing for registered nurses, which requires completion of nursing education from an approved program and passing an examination. A nurse practitioner requires a master's degree education. According to PayScale, the average annual salary of a neonatal nurse is between $64,995 and $97,827, as of December 2010.
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Experience
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Experience affects the salary in most careers. Neonatal nurse practitioners with experience earn higher salaries than those just starting in the field. According to PayScale, a neonatal nurse practitioner with less than a year of experience earns an average salary of between $64,637 and $81,629 annually while neonatal nurses with 20 or more years experience earn between $87,630 and $115,916 annually.
Location
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The cost of living in different states can affect the average salary a neonatal nurse practitioner may earn. For example, neonatal nurse practitioners in New York earn an average salary of $69,042 to $98,795, according to PayScale. Nurses in Texas earn an average salary of $45,500 to $84,448, as of December 2010. According to Sperling's, the cost of living in New York City is 42 percent higher than it is in Dallas. Demand for neonatal nurse practitioners may also be a factor in the salary professionals in this field earn.
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Employer Type
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Neonatal nurse practitioners can work in hospitals or private practices, which can be a factor in the salary amount. Nurses working for a private practice earn salaries between $78,073 and $104,298 while those working in hospitals earn between $51,916 and $89,634, according to PayScale.
Benefits
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Neonatal nurse practitioners receive benefits from the employer, which add to the value of the compensation package they earn. Some popular benefits for neonatal nurses include 401k plans, paid vacation, health insurance, paid sick time and education assistance. Neonatal nurse practitioners may also receive paid malpractice insurance from an employer.
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References
- Photo Credit newborn baby image by Diane Stamatelatos from Fotolia.com
