Average Nurse Practitioners Salary in Lexington-Fayette, KY
Nurse Practitioners in Lexington-Fayette, KY, earn an average annual salary of $119,680. This figure is notably below the national average of $131,710, suggesting that local market dynamics, such as demand and supply, may be influencing compensation levels in this specific region. Factors unique to Lexington-Fayette's healthcare sector likely contribute to this pay differential.
Executive Summary
- Average Salary: $119,680 per year.
- Growth Trend: Salaries have shifted 17.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,820.
- Outlook: With a local workforce of 850 Nurse Practitioners, Lexington-Fayette demonstrates a significant concentration of these professionals, indicated by a Location Quotient of 1.51. This suggests a robust demand for Nurse Practitioners in the area, exceeding the national average concentration and pointing towards a healthy job market for those in the profession.
Salary Overview
The average Nurse Practitioners in Lexington-Fayette, KY earns-9.1%below the national average.
$57.5
$2,302
$9,973
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Nurse Practitioner salaries in Lexington-Fayette have experienced growth over the past four years, mirroring national trends. Increased demand for healthcare services and the expanding role of Nurse Practitioners typically drive upward salary adjustments, reflecting a positive trajectory for the profession.
Nurse Practitioners Salary Distribution in Lexington-Fayette, KY
Salary progression for Nurse Practitioners in Lexington-Fayette, KY, typically scales with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more. The gap between lower and higher percentile salaries signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $92,720 | $44.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $89,760 | $43.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $113,870 | $54.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $149,600 | $71.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $154,820 | $74.4 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$119,680
Gross Pay
Real Wage (Purchasing Power)
$119,680
Adjusted for COL (100)
The average annual salary of $119,680 in Lexington-Fayette, KY, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Nurse Practitioner's salary in Lexington is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
850
Total Jobs
3.009
Per 1K Jobs
1.51
Location Quotient
Lexington-Fayette, KY has 1.5x the national concentration of Nurse Practitioners jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Lexington-Fayette, KY, exhibits a strong concentration of Nurse Practitioners, with a Location Quotient of 1.51, indicating that the area employs a higher proportion of these professionals than the national average. This suggests a competitive market, but also a healthy demand, as the concentration points to a significant presence and likely ongoing need for their services.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Nurse Practitioners Salary | $115,470↓ 4% | 28 mi |
| South Central Kentucky nonmetropolitan area Nurse Practitioners Salary | $114,980↓ 4% | 28 mi |
| West Kentucky nonmetropolitan area Nurse Practitioners Salary | $116,670↓ 3% | 28 mi |
| East Kentucky nonmetropolitan area Nurse Practitioners Salary | $107,840↓ 10% | 28 mi |
| Louisville/Jefferson County, KY-IN Nurse Practitioners Salary | $118,880↓ 1% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Lexington-Fayette, KY?
The median annual salary for a Nurse Practitioners in Lexington-Fayette, KY is $119,680. This typically ranges from $92,720 for entry-level positions to $154,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 9.1% lower than the national median of $131,710.
Is Lexington-Fayette, KY a lucrative place for Nurse Practitioners?
Yes, with caveats.While the average salary is below the national average, the strong concentration (LQ 1.51) and average cost of living suggest a stable and potentially growing market for Nurse Practitioners.
Is Lexington-Fayette, KY a good place to live for Nurse Practitioners?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($115,470) and South Central Kentucky nonmetropolitan area.
How does the Lexington Nurse Practitioner salary compare to the national average?
Nurse Practitioners in Lexington-Fayette, KY, earn an average of $119,680 annually, which is $12,030 less than the national average of $131,710.
What is the cost of living in Lexington-Fayette, KY for Nurse Practitioners?
The cost of living in Lexington-Fayette, KY, is exactly at the national average (100), meaning your salary of $119,680 has the same purchasing power as the national average salary.
Is there high demand for Nurse Practitioners in Lexington-Fayette, KY?
Yes, the Location Quotient of 1.51 indicates a higher concentration of Nurse Practitioners than the national average, suggesting strong local demand and employment opportunities.
How many Nurse Practitioners are there in Lexington-Fayette, KY?
Lexington-Fayette, KY, has a local workforce of approximately 850 Nurse Practitioners.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the Lexington-Fayette, KY area with a job density of 3.009 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Nurse Practitioners Salaries by State
Top Jobs in Lexington-Fayette, KY
- All Occupations Salary in Lexington-Fayette, KY
- Office and Administrative Support Occupations Salary in Lexington-Fayette, KY
- Food Preparation and Serving Related Occupations Salary in Lexington-Fayette, KY
- Transportation and Material Moving Occupations Salary in Lexington-Fayette, KY
- Production Occupations Salary in Lexington-Fayette, KY
- Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
- Sales and Related Occupations Salary in Lexington-Fayette, KY
- Management Occupations Salary in Lexington-Fayette, KY
- Educational Instruction and Library Occupations Salary in Lexington-Fayette, KY
- Business and Financial Operations Occupations Salary in Lexington-Fayette, KY
- Browse All Jobs in Lexington-Fayette, KY →
Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY