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Less than 500 nurse practitioners are licensed in the Green Mountain State. If you’re one of them, you might be looking for ways to maximize your salary. Vermont’s income for nurse practitioners is less than average at $126,100 (Bureau of Labor Statistics - 2023) per year. You can increase your earnings to add $30,000 annually, as the top ten percent of nurse practitioners in the state have done. Let’s view the numbers and explore how to maximize your earning potential.
Metro Area | # Employed | Mean Salary |
---|---|---|
Burlington-South Burlington, VT | 300 | $124,550 | Source: Bureau of Labor Statistics - 2023 |
Metro Area | # Employed | Mean Salary |
---|---|---|
Southern Vermont nonmetropolitan area | 220 | $126,250 |
Northern Vermont nonmetropolitan area | 190 | $128,700 | Source: Bureau of Labor Statistics - 2023 |
Vermont recently expanded its nursing jurisdiction by joining the nurse licensure compact that went into effect in February of 2022. Nurse practitioners are all registered nurses. That means that you can also take advantage of the multi-state license opportunity.
The nurse licensure compact allows RNs to obtain a license that is valid in all compact-participating states. This means that you could find nursing work across state lines in NLC states. Currently, New Hampshire is the only bordering state actively participating in the compact, but there is pending legislation in New York and Massachusetts. All of this means that you have more opportunities to find a higher-paying nurse practitioner position.
The NLC not only expands your ability to practice your nursing skills physically across state lines, but also virtually. This means that travel time is not an issue, and you could technically work across the country in participating eNLC states. Telemedicine is growing exponentially and if you begin practicing online now, even part-time, it will grow your experience level and increase your marketability to future employers. Find out more details on the secretary of state’s FAQ page.
Another route to increase your wages by harnessing the eNLC involves distance learning. You can earn extra cash by working as a nurse educator. If it requires an RN license, you will qualify for more opportunities, and possibly higher pay, if you carry the multi-state compact license.
While you’re online picking up telehealth or teaching gigs, you can also explore medical writing as a method to add extra income. As a nurse practitioner, you are highly qualified to write in scholarly journals or get paid as a qualified guest writer or reviewer on medical blogs. This type of work can be found either by directly contacting the journals that you would like to write for, or by finding work online as a freelance writer. There is a high demand for your expertise in this field and the amount of work or extra income you would like to take on is completely flexible.
Lurking on websites of organizations whose mission is to promote nursing or advanced practice nursing can help you find opportunities to increase your salary. You can often find job postings, news announcements, and event postings for free without joining. If you pay for a membership, additional salary-boosting activities may come your way, including workshops and networking opportunities. Stay informed by checking out groups like the Vermont Nurse Practitioners Association.
The Green Mountain State has shown its support for nurses both by joining the nurse licensure compact and by allowing nurse practitioners full practice authority. Vermont is a great state to grow your salary and expand your practice outside of your comfort zone.