Benchmark Salary Information
Rankings for Monroe
Compared to Louisiana
Monroe Nurse Practitioners earn an average of $103,880 or $49.94 per hour which is 7% less than the Louisiana average salary of $112,650.
| Average | Monroe | Louisiana | % Difference |
|---|---|---|---|
| Hourly Wage | $49.94 | $54.16 | -7.79% |
| Annual Salary | $103,880 | $112,650 | -7.79% |
Compared to the U.S.
Monroe Nurse Practitioners earn an average of $103,880 or $49.94 per hour which is 11% less than the U.S. average salary of $118,040.
| Average | Monroe | U.S. | % |
|---|---|---|---|
| Hourly Wage | $49.94 | $56.75 | -12.00% |
| Annual Salary | $103,880 | $118,040 | -12.00% |
Salary Adjusted for Cost-of-Living
When adjusted for cost-of-living, Nurse Practitioners in Monroe earns an average annual salary of $118,314 which compares to the Louisiana average annual salary of $112,650. per year.
Cost-of-living in Monroe is 12% less than the Louisiana average, which means Monroe residents have an overall less cost for food, housing, utilities and transportation compared to Louisiana average.
| Location | Average Annual Wage | Cost of Living | Adjusted COL Wage |
|---|---|---|---|
| Monroe | $103,880 | 87.80% | $118,314 |
| Louisiana | $112,650 | 92.72% | $121,495 |
| U.S. | $118,040 | – | $118,040 |
Salary Ranges for Education and Experience
In Monroe, 50% of Nurse Practitioners earn between $93,870 and $120,910 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Nurse Practitioners earn more than $129,960, which is a rate for highly skilled, experienced and educated Nurse Practitioners.
Approximately 10% of Nurse Practitioners earn under $55,450, a rate generally reserved for less experienced or entry level Nurse Practitioners.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 25 | Under $55,450 |
| 15% | 2 – 4 years | 38 | $55,450 – $93,870 |
| 25% | 5 – 9 years | 62 | $93,870 – $99,280 |
| 25% | 10 – 14 years | 62 | $99,280 – $120,910 |
| 15% | 15 – 20 years | 38 | $99,280 – $129,960 |
| 10% | 20+ years | 25 | Above $129,960 |
Salary Compared to Related Professions
Nurse Practitioners tend to earn more than Nursing Assistants ($23,300), LPNs ($42,160), and Registered Nurses ($67,240).
| Title | Annual Salary |
|---|---|
| Nurse Practitioners | $103,880 |
| Registered Nurses | $67,240 |
| LPNs | $42,160 |
| Nursing Assistants | $23,300 |
FAQ for Monroe Nurse Practitioners
Additional Salary Reports for Nurse Practitioners in Louisiana cities and Metros and U.S. States.
Official Data Sources for Nurse Practitioners: Salary Data | Projected Employment | Cost of Living Data