Hi there {{first name|nurse}},
If youβve been feeling like your nursing salary isnβt going as far as it should β youβre not crazy. We just pulled the real numbers for nursing salaries in the most populated cities in the U.S., and letβs just sayβ¦ itβs brutal out there.
Even nurses making over $100K per year are struggling to stay afloat in major cities. In some places, you could make six figures and still end up with less than $1,000 in your bank account after housing and taxes.
Hereβs whatβs really happening β and what you can do about it:
π₯ Top U.S. Cities Where Nurses Are Struggling to Stay Afloat
1. New York, NY β High Salary, but Even Higher Costs
π Median salary = $103,540
π Median home price = $752,778
π Monthly mortgage = $5,334
π Left over after mortgage and taxes = $8,192/year ($683/month)
π Average rent = $3,300/month
π Left over after rent = $32,600/year ($2,717/month)
Owning = Nightmare. Renting = Survival.
Youβd think that making over $100K in New York would mean financial stability β but after mortgage payments, youβd have less than $700 per month left over. Thatβs barely enough to cover groceries and utilities.
π Renting, though? Thatβs a different story. Renting leaves you with over $2,700/month in take-home pay β which is why so many people in NYC stay renters for life.
2. Los Angeles, CA β High Pay, But Youβll Pay For It
π Median salary = $114,260
π Median home price = $913,754
π Monthly mortgage = $6,467
π Left over after mortgage and taxes = $12,200/year ($1,016/month)
π Average rent = $3,200/month
π Left over after rent = $32,940/year ($2,745/month)
Owning a home in LA? Forget it.
Youβd need to be making close to $150K+ per year to comfortably own a home in LA β and even then, youβd still feel strapped for cash. Renting, though, leaves you with enough room to breathe.
3. Chicago, IL β Surprisingly Doable
π Median salary = $80,150
π Median home price = $297,772
π Monthly mortgage = $2,505
π Left over after mortgage and taxes = $31,240/year ($2,603/month)
π Average rent = $1,950/month
π Left over after rent = $37,900/year ($3,158/month)
Chicago is one of the rare big cities where owning a home is actually realistic on a nurseβs salary. After a mortgage and taxes, youβd still have over $2,600/month left over β and if you rent instead, that jumps to over $3,100/month.
π This makes Chicago one of the most financially balanced cities for nurses in the U.S.
4. Austin, TX β High Pay, But High Housing Costs
π Median salary = $81,400
π Median home price = $517,589
π Monthly mortgage = $4,026
π Left over after mortgage and taxes = $17,112/year ($1,426/month)
π Average rent = $1,995/month
π Left over after rent = $41,484/year ($3,457/month)
Austinβs cost of living has skyrocketed over the last 5 years. Even though nursing salaries have climbed to match, mortgage costs are outpacing salary increases.
π Renting in Austin is clearly the better move β youβd have an extra $24K+ per year in your pocket if you rent instead of buy.
5. Seattle, WA β Good Pay, But Mortgage Payments Will Bleed You Dry
π Median salary = $101,660
π Median home price = $900,000
π Monthly mortgage = $6,500
π Left over after mortgage and taxes = $15,780/year ($1,315/month)
π Average rent = $2,800/month
π Left over after rent = $36,600/year ($3,050/month)
Seattle is a great place to be a nurse on paper β but good luck owning a home there. After a $6,500 mortgage payment, youβd be left with just over $1,300/month to cover everything else.
π Renting makes way more sense β it would leave you with over $3K/month in take-home pay.
6. Columbus, OH β One of the Few Cities Where Buying Makes Sense
π Median salary = $63,400
π Median home price = $261,218
π Monthly mortgage = $1,934
π Left over after mortgage and taxes = $27,977/year ($2,331/month)
π Average rent = $1,395/month
π Left over after rent = $34,445/year ($2,870/month)
Columbus is one of the most affordable big cities for nurses. You could actually own a home here without going broke β and even if you rent, youβd still be sitting pretty.
π What This Means:
New York, Los Angeles, and Seattle pay the most β but the cost of owning a home in these cities will kill your take-home pay.
Chicago and Columbus are actually affordable enough to own a home without sacrificing your lifestyle.
Austin and Seattle have inflated housing markets β renting is the smarter play for now.
Even in the best-paying cities, renting tends to leave nurses with thousands more in their pocket every year.
π‘ What You Should Do Next:
This is why we built Map My Pay β because itβs not about how much you make; itβs about how much you keep.
β
We calculate your true take-home pay after taxes and housing costs.
β
We break down the numbers for over 590 cities across the U.S.
β
We show you exactly where youβll come out ahead β and where youβll be working just to survive.
Talk soon,
Jason NuΓ±ez, BSN, RN
Founder/Map My Pay, LLC