Average Nurse Practitioners Salary in Waco, TX
Nurse Practitioners in Waco, TX, can expect an average annual salary of $125,530. This figure is slightly below the national average of $131,710, a common occurrence in metropolitan areas with a lower cost of living. Local economic factors and demand within the Waco healthcare sector play a significant role in shaping this compensation.
Executive Summary
- Average Salary: $125,530 per year.
- Growth Trend: Salaries have shifted 4.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,040.
- Outlook: The Nurse Practitioner job market in Waco, TX, shows a stable presence with a total local workforce of 210 professionals. The Location Quotient of 0.82 indicates a concentration slightly below the national average, suggesting a moderate but consistent demand for these skilled healthcare providers within the region.
Salary Overview
The average Nurse Practitioners in Waco, TX earns-4.7%below the national average.
$60.4
$2,414
$10,461
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data for Waco is not provided, the healthcare industry nationwide has experienced consistent growth over the past four years. It is reasonable to assume that Nurse Practitioner salaries in Waco have also seen a steady upward trend, mirroring national advancements in compensation driven by increasing demand and evolving healthcare roles.
Nurse Practitioners Salary Distribution in Waco, TX
Salary progression for Nurse Practitioners in Waco, TX, 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. This difference reflects the increased responsibility, expertise, and value senior NPs bring to patient care and healthcare systems.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $100,070 | $48.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $94,148 | $45.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $123,970 | $59.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $156,913 | $75.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $161,040 | $77.4 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$125,530
Gross Pay
Real Wage (Purchasing Power)
$125,530
Adjusted for COL (100)
The average annual salary of $125,530 in Waco, TX, 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 Waco is equivalent to the national standard, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
210
Total Jobs
1.644
Per 1K Jobs
0.82
Location Quotient
Waco, TX has 0.82x 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 0.82, Waco, TX, has a slightly lower concentration of Nurse Practitioners compared to the national average. This suggests that while the profession is established, the market is not oversaturated, potentially offering good opportunities for qualified NPs seeking employment without facing intense competition from a disproportionately large local workforce.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Nurse Practitioners Salary | $128,540↑ 2% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Nurse Practitioners Salary | $138,910↑ 11% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Nurse Practitioners Salary | $121,700↓ 3% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Nurse Practitioners Salary | $124,670↓ 1% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Nurse Practitioners Salary | $132,210↑ 5% | 41 mi |
Comparing salaries near Waco, TX
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Waco, TX?
The median annual salary for a Nurse Practitioners in Waco, TX is $125,530. This typically ranges from $100,070 for entry-level positions to $161,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 4.7% lower than the national median of $131,710.
Is Waco, TX a lucrative place for Nurse Practitioners?
Yes, Waco, TX offers a competitive salary for Nurse Practitioners.Nurse Practitioners in Waco earn an average of $125,530 annually, which aligns with the national average cost of living, making it a financially stable location.
Is Waco, TX a good place to live for Nurse Practitioners?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($128,540) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Nurse Practitioner salary compare to the national average?
The average annual salary for Nurse Practitioners in Waco, TX is $125,530, which is slightly lower than the national average of $131,710.
What is the concentration of Nurse Practitioners in Waco, TX?
Waco, TX has a Location Quotient of 0.82 for Nurse Practitioners, indicating a concentration slightly below the national average.
How does the cost of living in Waco affect a Nurse Practitioner's salary?
Waco's Cost of Living Index is 100, matching the national average. This means the $125,530 salary has purchasing power equivalent to the national average.
What does the job market look like for Nurse Practitioners in Waco?
With 210 Nurse Practitioners locally and a Location Quotient of 0.82, the market indicates a steady demand for these professionals in Waco.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Waco, TX area with a job density of 1.644 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 Waco, TX