Average Nurse Practitioners Salary in Monroe, LA
Nurse Practitioners in Monroe, LA, earn an average annual salary of $122,100. This figure is slightly below the national average of $131,710, suggesting that while demand is present, local economic factors and potentially a different healthcare landscape contribute to this compensation. The specific pay rates are often influenced by the unique needs and economic conditions of the region.
Executive Summary
- Average Salary: $122,100 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,990.
- Outlook: With a total local workforce of 270 Nurse Practitioners, Monroe, LA, demonstrates a stable, albeit not massive, presence of these essential healthcare professionals. The Location Quotient of 1.55 indicates a concentration of Nurse Practitioners that is 55% higher than the national average, signaling a robust demand and a significant role for these practitioners within the local healthcare ecosystem.
Salary Overview
The average Nurse Practitioners in Monroe, LA earns-7.3%below the national average.
$58.7
$2,348
$10,175
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data for Monroe, LA, is not provided, it's reasonable to assume that Nurse Practitioner salaries in the region have experienced growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, a growing need for advanced practice providers, and inflation likely contribute to a positive trajectory in compensation for these vital roles.
Nurse Practitioners Salary Distribution in Monroe, LA
The salary progression for Nurse Practitioners in Monroe, LA, typically scales significantly 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. These percentile gaps are a clear indicator of career advancement opportunities and the value placed on accumulated expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $96,560 | $46.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $91,575 | $44 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $119,870 | $57.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $152,625 | $73.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $155,990 | $75 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$122,100
Gross Pay
Real Wage (Purchasing Power)
$122,100
Adjusted for COL (100)
For Nurse Practitioners considering a move to Monroe, LA, the average annual salary of $122,100 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 Monroe is equivalent to the national standard, offering a stable financial outlook without the added pressure of a higher cost of living.
Job Market Context
270
Total Jobs
3.089
Per 1K Jobs
1.55
Location Quotient
Monroe, LA has 1.6x 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.
The Location Quotient of 1.55 for Nurse Practitioners in Monroe, LA, signifies a market where these professionals are more concentrated than the national average. This suggests a strong local demand and potentially a competitive environment for hiring, as the region relies more heavily on Nurse Practitioners relative to other areas. It indicates that the role is well-established and highly valued within the Monroe healthcare community.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Nurse Practitioners Salary | $117,500↓ 4% | 88 mi |
| Southwest Louisiana nonmetropolitan area Nurse Practitioners Salary | $122,050↓ 0% | 94 mi |
| Central Louisiana nonmetropolitan area Nurse Practitioners Salary | $130,120↑ 7% | 94 mi |
| Northeast Louisiana nonmetropolitan area Nurse Practitioners Salary | $123,520↑ 1% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Monroe, LA?
The median annual salary for a Nurse Practitioners in Monroe, LA is $122,100. This typically ranges from $96,560 for entry-level positions to $155,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 7.3% lower than the national median of $131,710.
Is Monroe, LA a lucrative place for Nurse Practitioners?
Yes, Monroe, LA offers a competitive salary for Nurse Practitioners.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The high concentration of Nurse Practitioners indicates strong local demand.
Is Monroe, LA a good place to live for Nurse Practitioners?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($117,500) and Southwest Louisiana nonmetropolitan area.
How does Monroe, LA compare to the national average salary for Nurse Practitioners?
Nurse Practitioners in Monroe, LA, earn an average of $122,100 annually, which is approximately $9,610 less than the national average of $131,710.
What is the concentration of Nurse Practitioners in Monroe, LA?
Monroe, LA has a Location Quotient of 1.55 for Nurse Practitioners, meaning the area has 55% more Nurse Practitioners per worker than the national average, indicating higher local demand.
How does the cost of living in Monroe, LA affect Nurse Practitioner salaries?
The cost of living in Monroe, LA, is exactly at the national average (100). This means the average salary of $122,100 provides purchasing power equivalent to the national average, making it a financially stable location.
What does the job market look like for Nurse Practitioners in Monroe, LA?
The job market appears robust, with a significant concentration of Nurse Practitioners (LQ 1.55) and a steady presence of 270 professionals in the field, suggesting consistent demand for their services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Monroe, LA area with a job density of 3.089 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 Monroe, LA