From 2022 to 2023, median total compensation for registered nurses fell 3.32%, though nurses still saw compensation increase over the past decade, according to a June 26 report from the Medical Group Management Association.
The "MGMA Datadive Management and Staff Compensation Data Report" is based on 2023 survey data from more than 171,000 management and staff positions. Insights from the report are meant to serve as a baseline for organizations to "benchmark salaries and wages for some of the most highly sought after roles in today's medical practices."
In 2023, RN median pay hovered just below $80,000, marking a 3.32% fall from the previous year.
Three more nurse pay trends to know, per the report:
- When looking at data over the past decade (2014 to 2023), RN compensation grew 39.19%.
- When looking at the one-year change from 2022 to 2023, RN total compensation is the only nursing position included in the data set that saw a decrease. Licensed practical nurse compensation grew 5.38%, and triage nurse pay increased 7.49%. When looking at trends over the past decade, however, LPN total median pay grew far less, at around 26%.
- Among all clinical and nursing positions included in the data set, RNs saw the largest difference between the highest- and lowest-paying regions: $23,248 higher in the West than in the South.