Neonatal nurse practitioners are advanced practice nurses who care for premature and ill newborns in a neonatal intensive care unit. The advanced practice nurse requires a master's degree and experience as a registered nurse before taking a position. According to PayScale, the salary range for a neonatal nurse practitioner is between $64,307 and $97,611 as of January 2011.
Type of Employer
The salary range for a neonatal nurse practitioner can vary depending on the nurse's employer. For example, the nurse practitioner working in a hospital earns a salary range of $51,156 to $88,723 while those working in a private practice earn a salary range of $78,073 to $104,298, according to PayScale.
Location
Geographic location is a factor in the salary of a neonatal nurse practitioner. Nurses working in New York earn a salary range of $70,000 to $99,222 while those practicing in Florida earn a range of $51,395 to $88,555, as of January 2011. According to Sperling's, the cost of living is 42 percent higher in New York City than it is in Miami. The cost of housing is one factor in determining the cost of living in different areas in the country. The cost of housing is 66 percent higher in New York City than housing costs in Miami.
Experience
The years of experience a neonatal nurse practitioner accumulates can contribute to a higher salary range. According to PayScale, the neonatal nurse practitioner with 20 years of experience can earn a salary range of $87,630 to $115,916 while those with less than a year in practice earn between $65,000 and $82,024.
Benefits
In addition to an annual salary, neonatal nurse practitioners can receive benefits from the employer. Employers use benefits to attract skilled workers and encourage loyalty to the organization. According to the Bureau of Labor Statistics, a benefits package that includes a retirement plan, insurance and paid time off can increase the value of the compensation package by up to 30 percent. According to PayScale, neonatal nurse practitioners receive 401k plans, insurance, paid time off and malpractice insurance as benefits from employers.
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