How much money do registered nurses make per month? That’s a great question that nursing students, or those interested in a career in nursing, often ask. An RN’s monthly pay will depend on many factors. In this article, we’ll briefly touch on the differences in RN pay you can expect to receive.
Salary for Registered Nurses
First, let’s discuss how much registered nurses make in general. According to the Bureau of Labor Statistics, RNs make an average salary of $67,720 per year, and an average hourly wage of $32.56.
Note: These are only averages, and if you’d like to see the average for your state, please check our RN Salary statistics page.
This salary will be affected by factors such as your location (areas that are more densely populated tend to have more income), your experience (nurses with more experience tend to earn more money), and the type of industry you work in (government, non-profit, and for-profit).
Monthly Take Home Pay
Even though nurses earn very competitive salaries, we also know that the figures above are usually before taxes, insurance, savings/retirement accounts, etc. So how much does an RN make monthly?
First, the gross monthly salary will be the amount before taxes are taken out. Let’s use some sample figure, since the exact amount you make will depend on hours worked, your actual hourly wage, experience, etc.
Let’s assume you made $50,000 per year. That means each month, you’d make approximately $4,166.66 as your gross income. This is not the net amount, or “take home pay” that you will be able to put in the bank.
From this amount, you will have deducted your Social Security taxes, Medicare taxes, and your Federal Income taxes. These totals, as an example, could amount to as much as $515, leaving you about $4,166.66-515=$3651.66.
This would generally be your “take home pay.” However, some people also choose to enroll in savings or retirement plans, such as 401k. Also, many hospitals allow you to deduct your health insurance from this amount. So your take home pay could be reduced even further if you elect to deduct those things from your paycheck.
Nevertheless, nearly all careers will have the above taxes.
Here is a brief video to help you understand RN Salary information:
Conclusion: Monthly Income for RNs
In conclusion, RNs still earn a competitive salary. Your monthly income will depend on the actual salary or hourly wage you earn, the taxes that are deducted, as well as any benefits or retirement plan you choose to enroll in.
But in this example, a person making $50,000 per year as a salary, would have approximately $3,651 in take home pay (before benefits or retirement). Of course, your amounts may vary. Some nurses may make far more than this, while others may make as little as $30,000. It all depends.