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Average Nurse Practitioners Salary in Madison, WI

Nurse Practitioners in Madison, WI, command an impressive average annual salary of $137,750, surpassing the national average of $131,710. This elevated compensation reflects the specific economic conditions and demand drivers within the Madison metropolitan area, which influence the value placed on specialized healthcare professionals.

Executive Summary

  • Average Salary: $137,750 per year.
  • Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $165,780.
  • Outlook: With a local workforce of 460 Nurse Practitioners and a Location Quotient of 0.57, Madison presents a moderately concentrated job market. While not exceeding the national average in terms of practitioner density, the presence of over 1.14 jobs per 1,000 workers indicates a stable demand for these skilled professionals within the region.
2024 Market Data

Salary Overview

$137,750

The average Nurse Practitioners in Madison, WI earns+4.6%above the national average.

BreakdownBased on 40h/week
Hourly

$66.2

Weekly

$2,649

Monthly

$11,479

Nurse Practitioners Salary Distribution in Madison, WI

Salary progression for Nurse Practitioners in Madison, WI, typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$108,460$52.1
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$103,313$49.7
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$134,200$64.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$172,188$82.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$165,780$79.7

Detailed Nurse Practitioners Market Analysis

Relocation Context

Nominal Salary

$137,750

Gross Pay

Real Wage (Purchasing Power)

$137,750

Adjusted for COL (100)

The average annual salary of $137,750 in Madison, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Nurse Practitioner's salary in Madison is equivalent to the national average, offering a stable financial standing without significant cost-of-living adjustments.

Job Market Context

460

Total Jobs

1.14

Per 1K Jobs

0.57

Location Quotient

Below Average

Madison, WI has 0.57x the national average concentration of Nurse Practitioners jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.57 suggests that Nurse Practitioner roles are less concentrated in Madison, WI, compared to the national average. This indicates that while the profession is established, the market may be less saturated, potentially offering more opportunities for skilled practitioners seeking employment or career advancement.

Nearby Job Markets

Nearby Cities for Nurse Practitioners

CitySalaryDist.
Janesville-Beloit, WI Nurse Practitioners Salary$133,590↓ 3%33 mi
Rockford, IL Nurse Practitioners Salary$125,060↓ 9%59 mi
Fond du Lac, WI Nurse Practitioners Salary$135,980↓ 1%68 mi
Milwaukee-Waukesha, WI Nurse Practitioners Salary$130,020↓ 6%72 mi
Oshkosh-Neenah, WI Nurse Practitioners Salary$126,550↓ 8%77 mi

Comparing salaries near Madison, WI

Hiring Nurse Practitionerss?

Frequently Asked Questions

How much does a Nurse Practitioners make in Madison, WI?

The median annual salary for a Nurse Practitioners in Madison, WI is $137,750. This typically ranges from $108,460 for entry-level positions to $165,780 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 4.6% higher than the national median of $131,710.

Is Madison, WI a lucrative place for Nurse Practitioners?

Yes, Madison, WI offers a lucrative environment for Nurse Practitioners.Nurse Practitioners in Madison earn above the national average salary, and their income holds strong purchasing power due to the cost of living matching the national average.

Is Madison, WI a good place to live for Nurse Practitioners?

The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($133,590) and Rockford, IL.

What is the average salary for Nurse Practitioners in Madison, WI?

The average annual salary for Nurse Practitioners in Madison, WI is $137,750.

How does Madison's cost of living compare to the national average?

Madison, WI has a Cost of Living Index of 100, which is exactly the national average.

Is there high demand for Nurse Practitioners in Madison, WI?

With 1.14 jobs per 1,000 workers, there is a steady demand for Nurse Practitioners in Madison, WI, though the profession is less concentrated than the national average.

How does experience affect Nurse Practitioner salaries in Madison, WI?

Experience significantly impacts salary, with entry-level practitioners earning less than senior NPs who command higher salaries, reflecting career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Madison, WI area with a job density of 1.14 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Madison, WI