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Average Nurse Practitioners Salary in South Central Kentucky nonmetropolitan area

Nurse Practitioners in South Central Kentucky's nonmetropolitan area earn an average annual salary of $114,980. This figure is notably below the national average of $131,710, reflecting regional economic factors and the specific demand dynamics within this less urbanized setting. The compensation is influenced by the local healthcare infrastructure and the availability of specialized services.

Executive Summary

  • Average Salary: $114,980 per year.
  • Growth Trend: Salaries have shifted 22.8% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $139,480.
  • Outlook: With a local workforce of 370 Nurse Practitioners, South Central Kentucky demonstrates a stable employment base for this critical role. The Location Quotient of 1.08 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a steady, albeit not rapidly expanding, demand within the region's healthcare system.
2024 Market Data

Salary Overview

$114,980

The average Nurse Practitioners in South Central Kentucky nonmetropolitan area earns-12.7%below the national average.

BreakdownBased on 40h/week
Hourly

$55.3

Weekly

$2,211

Monthly

$9,582

Nurse Practitioners Salary Distribution in South Central Kentucky nonmetropolitan area

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

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$94,030$45.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$86,235$41.5
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$117,990$56.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$143,725$69.1
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$139,480$67.1

Detailed Nurse Practitioners Market Analysis

Relocation Context

Nominal Salary

$114,980

Gross Pay

Real Wage (Purchasing Power)

$114,980

Adjusted for COL (100)

The average annual salary of $114,980 in South Central Kentucky 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 a stable financial environment without the premium associated with higher cost-of-living areas.

Job Market Context

370

Total Jobs

2.151

Per 1K Jobs

1.08

Location Quotient

Above Average

With a location quotient of 1.08, South Central Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.

The Location Quotient of 1.08 suggests that Nurse Practitioners are slightly more concentrated in South Central Kentucky than the national average. This indicates a healthy, competitive market where employers may need to offer competitive compensation to attract and retain talent, while also signifying a robust presence of these essential healthcare providers.

Nearby Job Markets

Nearby Cities for Nurse Practitioners

Comparing salaries near South Central Kentucky nonmetropolitan area

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Frequently Asked Questions

How much does a Nurse Practitioners make in South Central Kentucky nonmetropolitan area?

The median annual salary for a Nurse Practitioners in South Central Kentucky nonmetropolitan area is $114,980. This typically ranges from $94,030 for entry-level positions to $139,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Central Kentucky nonmetropolitan area is 12.7% lower than the national median of $131,710.

Is South Central Kentucky nonmetropolitan area a lucrative place for Nurse Practitioners?

Moderately lucrative, with compensation matching the national cost of living.Nurse Practitioners earn $114,980 annually, which is below the national average salary but aligns with the national average cost of living. This suggests a balanced financial landscape for professionals in the region.

Is South Central Kentucky nonmetropolitan area a good place to live for Nurse Practitioners?

The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near South Central Kentucky nonmetropolitan area?

Some top paying nearby cities include Lexington-Fayette, KY ($119,680) and Elizabethtown, KY.

How does the Nurse Practitioner salary compare to the national average?

The average annual salary for Nurse Practitioners in South Central Kentucky is $114,980, which is lower than the national average of $131,710.

What is the Cost of Living in South Central Kentucky for Nurse Practitioners?

The Cost of Living Index in South Central Kentucky is 100, which is exactly the national average, indicating that expenses are comparable to the rest of the country.

How concentrated are Nurse Practitioners in this region?

The Location Quotient is 1.08, meaning Nurse Practitioners are slightly more concentrated in South Central Kentucky compared to the national average.

What is the total number of Nurse Practitioners in the area?

There are approximately 370 Nurse Practitioners working in the South Central Kentucky nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the South Central Kentucky nonmetropolitan area area with a job density of 2.151 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.