As a neonatal nurse practitioner, or recent or soon-to-be grad, do you know what the national average neonatal nurse practitioner salary is?
We assist so many candidates who have no idea what the standard industry average salary is across the country for a neonatal nurse practitioner. Once we quote them that figure, it either ‘wows’ them, or we get a reaction of, ‘ew, that’s it?’. But salary is just one piece of the puzzle. At ENSEARCH, we have the most up-to-date data in the field in order to put the pieces together for you.
1. Location matters when it comes to neonatal nurse practitioner salary
Before even talking about NNP salary, it’s important to realize that some geographical areas are known for paying higher or lower than others. This oftentimes has nothing to do with cost-of-living in that respective part of the country. These inconsistencies can be linked to supply and demand or popularity of the locale.
If you don’t want to relocate, you may have to think again. If you are already thinking of moving, it’s important to know where, when, how, and why.
2. Cost-of-living is just as important as salary
The cost of living can be a huge factor in the true value of your neonatal nurse practitioner salary. If your take-home salary is an impressive ‘X’ amount of dollars, but the cost of living in your location is also a hefty figure, you may find the value of the package you’ve been offered to be less attractive. It’s not how much you make that is important, but how much is left each month after paying the bills.
3. Taxes: It’s not what you make, it’s what you get to keep
Did you know that some states don’t have an income tax? Like the cost of living, this will factor into the true value of your salary.
4. Know how to balance salary and your ideal location
If the shoe (i.e., your new location) fits, wear it. But what if it doesn’t?
In our experience, candidates are more willing to be flexible when it comes to their NNP salary if it means a better fit. How much is an extra 5k worth to you if you’re spending it on your heating bill and comfort food during sub-zero winter months? Or if your number one choice in hospitals has a high turnover rate?
We encourage you to be informed so you can be in the ‘power seat’ of your search, and your career.
