How Much Do RNs with an Associate’s Degree Make?
The demand for registered nurses (RNs) has been consistently growing over the years, and the earning potential for these healthcare professionals can vary significantly based on several factors. One of the most common educational paths for aspiring RNs is an associate’s degree in nursing (ADN). But how much do RNs with an associate’s degree make? This article delves into the average salaries, factors influencing earnings, and job outlook for ADN-prepared RNs.
Average Salaries for RNs with an Associate’s Degree
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for registered nurses was $75,330 as of May 2020. However, the average salary for RNs with an associate’s degree can vary depending on several factors, such as geographic location, years of experience, and the type of healthcare setting.
Geographic Location
One of the most significant factors affecting the salary of RNs with an associate’s degree is geographic location. According to a survey by the American Association of Nurse Anesthetists (AANA), RNs with an ADN in the highest-paying states can earn an average of $100,000 or more annually. Conversely, RNs in lower-paying states may earn less than $60,000 per year.
Years of Experience
Experience plays a crucial role in determining an RN’s salary. Generally, as RNs gain more experience, they become more valuable to healthcare organizations, and their earning potential increases. According to the BLS, RNs with less than one year of experience earn an average of $59,830 per year, while those with 10 or more years of experience can earn an average of $92,130 annually.
Type of Healthcare Setting
The type of healthcare setting in which an RN works can also affect their salary. For example, RNs working in hospitals tend to earn higher salaries than those working in nursing homes or home healthcare services. Additionally, specialized areas within nursing, such as critical care or emergency room nursing, often offer higher salaries than general nursing roles.
Job Outlook
The demand for RNs is expected to grow at a faster than average rate over the next decade, with a projected increase of 9% from 2020 to 2030, according to the BLS. This growth is primarily driven by an aging population that requires more healthcare services and the increasing prevalence of chronic diseases. As a result, RNs with an associate’s degree will likely continue to have a stable job market and competitive salaries.
Conclusion
In conclusion, the average salary for RNs with an associate’s degree can vary significantly based on factors such as geographic location, years of experience, and the type of healthcare setting. While the median annual wage for RNs is $75,330, RNs with an ADN can earn anywhere from $60,000 to $100,000 or more per year. As the demand for RNs continues to grow, those with an associate’s degree in nursing can expect a stable and lucrative career path.
