Average Nurse Practitioners Salary in Richmond, VA
Nurse Practitioners in Richmond, VA, earn an average annual salary of $121,000. This figure is slightly below the national average of $131,710, suggesting a localized compensation structure influenced by regional economic factors and demand. While the nominal salary is lower than the national benchmark, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $121,000 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,470.
- Outlook: Richmond, VA, supports a local workforce of 1,100 Nurse Practitioners, with a jobs-per-1,000-workers ratio of 1.686. The location quotient of 0.85 indicates a slightly lower concentration of these professionals compared to the national average. This suggests a stable, though not exceptionally high, demand for Nurse Practitioners within the Richmond area.
Salary Overview
The average Nurse Practitioners in Richmond, VA earns-8.1%below the national average.
$58.2
$2,327
$10,083
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data for Richmond, VA is not provided, it is reasonable to assume that Nurse Practitioner salaries in the region have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in medical technology, and a growing demand for advanced practice providers likely contribute to this upward salary trajectory.
Nurse Practitioners Salary Distribution in Richmond, VA
Salary progression for Nurse Practitioners in Richmond, VA, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive clinical experience and specialized skills can command salaries in the higher percentiles. These percentile gaps are indicative of the career advancement and increased earning potential available within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $89,760 | $43.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $90,750 | $43.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $124,990 | $60.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $151,250 | $72.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $154,470 | $74.3 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$121,000
Gross Pay
Real Wage (Purchasing Power)
$121,000
Adjusted for COL (100)
The average annual salary of $121,000 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Nurse Practitioner's salary in Richmond is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
1,100
Total Jobs
1.686
Per 1K Jobs
0.85
Location Quotient
Richmond, VA has 0.85x 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.
With a location quotient of 0.85, Richmond, VA, has a slightly lower concentration of Nurse Practitioners than the national average. This suggests that while the market is not oversaturated, there is a moderate level of competition for these roles. The demand, as indicated by jobs per 1,000 workers, remains consistent, implying a healthy job market for qualified professionals.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Nurse Practitioners Salary | $119,810↓ 1% | 41 mi |
| Northern West Virginia nonmetropolitan area Nurse Practitioners Salary | $121,980↑ 1% | 41 mi |
| Southwest Virginia nonmetropolitan area Nurse Practitioners Salary | $117,680↓ 3% | 41 mi |
| Northwest Virginia nonmetropolitan area Nurse Practitioners Salary | $119,040↓ 2% | 41 mi |
| Southern West Virginia nonmetropolitan area Nurse Practitioners Salary | $118,200↓ 2% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Richmond, VA?
The median annual salary for a Nurse Practitioners in Richmond, VA is $121,000. This typically ranges from $89,760 for entry-level positions to $154,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 8.1% lower than the national median of $131,710.
Is Richmond, VA a lucrative place for Nurse Practitioners?
Yes, with caveats.Nurse Practitioners in Richmond earn $121,000, which matches the national cost of living. While the salary is below the national average, the equivalent purchasing power makes it a stable financial environment.
Is Richmond, VA a good place to live for Nurse Practitioners?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($119,810) and Northern West Virginia nonmetropolitan area.
How does the Richmond NP salary compare to the national average?
Nurse Practitioners in Richmond, VA, earn an average of $121,000 annually, which is approximately $10,710 less than the national average of $131,710.
What is the concentration of Nurse Practitioners in Richmond, VA?
Richmond, VA, has a location quotient of 0.85 for Nurse Practitioners, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Richmond affect NP salaries?
Richmond's Cost of Living Index is 100, matching the national average. This means the $121,000 salary offers purchasing power equivalent to the national average, making it a balanced financial proposition.
What is the job market like for Nurse Practitioners in Richmond, VA?
The market supports 1,100 Nurse Practitioners, with 1.686 jobs per 1,000 workers, suggesting a steady demand for these healthcare professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,100 employees in the Richmond, VA area with a job density of 1.686 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 Richmond, VA