Average Nurse Practitioners Salary in Milwaukee-Waukesha, WI
Nurse Practitioners in Milwaukee-Waukesha, WI, earn an average annual salary of $130,020. This figure is slightly below the national average of $131,710, indicating a competitive but slightly less lucrative market compared to the broader United States. Local economic factors and demand within the healthcare sector likely influence this specific compensation.
Executive Summary
- Average Salary: $130,020 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,730.
- Outlook: With a local workforce of 1,940 Nurse Practitioners, Milwaukee-Waukesha demonstrates a significant presence in the healthcare field. The Location Quotient of 1.18 suggests a concentration of these professionals that is 18% higher than the national average, signaling robust demand and a well-established career path within the region.
Salary Overview
The average Nurse Practitioners in Milwaukee-Waukesha, WI earns-1.3%below the national average.
$62.5
$2,500
$10,835
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Nurse Practitioner salaries in Milwaukee-Waukesha have experienced growth over the past four years, mirroring national trends. Increased demand for advanced healthcare services and a growing need for specialized medical professionals typically drive salary increases in this sector.
Nurse Practitioners Salary Distribution in Milwaukee-Waukesha, WI
Salary progression for Nurse Practitioners in Milwaukee-Waukesha is strongly tied to experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more, potentially reaching the higher percentiles of the salary range. The gap between entry-level and senior roles signifies substantial career growth opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $110,570 | $53.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $97,515 | $46.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $129,760 | $62.4 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $162,525 | $78.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $161,730 | $77.8 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$130,020
Gross Pay
Real Wage (Purchasing Power)
$130,020
Adjusted for COL (100)
The average annual salary of $130,020 in Milwaukee-Waukesha 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 this region is equivalent to the national average, offering stability and predictability for financial planning.
Job Market Context
1,940
Total Jobs
2.362
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Milwaukee-Waukesha, WI has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.
A Location Quotient of 1.18 indicates that Nurse Practitioners are more concentrated in Milwaukee-Waukesha than the national average. This suggests a healthy job market with potentially strong demand for these skilled professionals, making it a favorable environment for both job seekers and employers seeking specialized talent.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Nurse Practitioners Salary | $130,290↑ 0% | 25 mi |
| Kenosha, WI Nurse Practitioners Salary | $135,820↑ 4% | 33 mi |
| Sheboygan, WI Nurse Practitioners Salary | $132,730↑ 2% | 48 mi |
| Fond du Lac, WI Nurse Practitioners Salary | $135,980↑ 5% | 54 mi |
| Janesville-Beloit, WI Nurse Practitioners Salary | $133,590↑ 3% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Milwaukee-Waukesha, WI?
The median annual salary for a Nurse Practitioners in Milwaukee-Waukesha, WI is $130,020. This typically ranges from $110,570 for entry-level positions to $161,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 1.3% lower than the national median of $131,710.
Is Milwaukee-Waukesha, WI a lucrative place for Nurse Practitioners?
Yes, it offers competitive compensation.Nurse Practitioners in Milwaukee-Waukesha earn a strong average salary of $130,020, which is very close to the national average. Coupled with a cost of living index at the national average, this makes the region financially attractive for the profession.
Is Milwaukee-Waukesha, WI a good place to live for Nurse Practitioners?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($130,290) and Kenosha, WI.
How does the Milwaukee Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Milwaukee-Waukesha is $130,020, which is slightly lower than the national average of $131,710.
What is the concentration of Nurse Practitioners in Milwaukee-Waukesha?
Milwaukee-Waukesha has a Location Quotient of 1.18 for Nurse Practitioners, indicating an 18% higher concentration of these professionals compared to the national average.
How does the cost of living in Milwaukee-Waukesha affect salary perception?
With a Cost of Living Index of 100, the national average, the $130,020 salary in Milwaukee-Waukesha offers purchasing power equivalent to the national average, making it a stable financial environment.
Is the job market for Nurse Practitioners strong in Milwaukee-Waukesha?
Yes, the job market appears strong, supported by a significant local workforce of 1,940 and a Location Quotient above the national average, suggesting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,940 employees in the Milwaukee-Waukesha, WI area with a job density of 2.362 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Milwaukee-Waukesha, WI