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how much do traveling nurses pay for housing

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Most experienced travel nurses will recommend spending a maximum of one-quarter of your monthly income (aka one paycheck) on your short-term rental. How much do traveling nurses pay for rent? You’ll see travel nurse housing stipends as low as$700 per month and as high as $5,000 per month. Housing stipends vary dramatically between regions.

How do travel nurses get housing?

Travel nurse housing is available in two options: Agency-placed housing. Your staffing agency arranges housing for you. Stipend pay. You receive a stipend and make your own housing arrangements.

How much do travel nurses make?

A travel nurse’s salary and stipend vary depending on their location, employer and other factors. On average, a travel nurse working earns an average of $109,199 per year. Here’s a list of some of the highest-paying cities for travel nurses:

What is the difference between a travel nurse housing stipend and per diem?

While a travel nurse housing stipend and a per diem are both compensation packages for those working on temporary health care assignments, they vary in the frequency with which employers provide them.

Do travel nurses have a tax home?

Ideally, the IRS would like a travel nurse to take an assignment somewhere and then return to their tax home where they maintain a PRN or full-time nursing job. Most travel nursing agencies will have you sign a form stating that you do have a tax home.

What is a Travel Nurse Housing Stipend?

Not only do many travel nurses receive excellent pay and opportunities to visit cities across the world, but they can also take advantage of many other fringe benefits.

What is per diem rate?

Per diem is a Latin term that means “per day”, and the rates set by the GSA are called per die m rates because they are given as daily figures. For example, the current per diem lodging rate for December in Miami, Florida, is $192. Travel nurse agencies use the term stipend because it more clearly reflects the benefit they are providing — …

How is GSA reimbursement determined?

The GSA sets the allowance rates for locations within the 48 contiguous United States, and agency reimbursements are determined as per diem rates that may change based on location or time of year.

Why do travel nurse agencies use stipends?

Travel nurse agencies use the term stipend because it more clearly reflects the benefit they are providing — a set sum of money given as a housing allowance. A stipend is the better term to use for the travel nurse industry because most assignments last between 8 and 13 weeks rather than a matter of days. Though travel nurse agencies quote housing …

How to keep one bank account in your tax home?

Keep one bank account in your tax home. Maintain one address in your tax home where you will receive all mail and have it forwarded to your assignment address. When filing state taxes, file as a non-resident in the state of your assignment. Register to vote in your tax home.

Why do people opt for housing stipends?

Opting for the housing stipend over agency-provided housing offers flexibility and more options.

What is agency provided housing?

Agency-provided housing is simply that — housing that the staffing agency arranges for you. The agency will look for accommodations with short term leases or may even find places with long term leases and rotate nurses in and out. Some housing arrangements may also include utilities and furniture rental.

How to minimize arrival costs for nursing?

A great way to minimize your arrival costs is to apply for a travel nursing extension at your current facility. The average housing stipend for travel nurses is an amount of money that’s intended to reimburse the cost of rent while on a nursing assignment.

What is a housing stipend for nurses?

On the other hand, a housing stipend is where the traveling nurse receives a payment that’s meant to cover the cost of their temporary housing. In this case, you will have to find lodging on your own. However, most travel nurses choose this option since it provides greater flexibility.

Why do some areas pay more in stipends?

Certain areas of the country pay more in stipends because of the elevated cost of living in short-term rentals. For example, the cost to live in bigger cities like San Francisco or Seattle is likely more than the living expenses in a smaller town in the Midwest, so the GSA stipend limit is typically higher in those areas.

What is agency based housing?

In agency-based housing, your staffing agency will organize your housing for you. This option is easy for those that don’t want to find their own lodging. The only problem with this option is that you don’t have too much of a say on where you’ll be living for several months.

Do travel nurses get stipends?

A Little Bit About Housing Stipends For Travel Nurses. As a travel nurse, you can receive three types of tax-free stipends in your job contract: a meals and incidentals stipend meant to cover meals and other miscellaneous costs you may encounter, a housing stipend to pay for housing options, and, in some cases, …

Does the agency pay for 100% of my housing?

If you take agency-provided housing and don’t ask for any upgrades, then yes. If you take the housing stipend and find something within that budget, then the answer is also yes. But if you want upgrades like two bedrooms, a vacuum or a washer/dryer in unit, you’ll have to pay extra. Likewise, if you can’t find what you want for the stipend amount, you may have to pay a little out of pocket.

How is the housing stipend amount determined?

The amount of the housing stipend is determined on the contract, the city, and how the particular agency breaks down its pay package. So, you may get a different amount for each travel nursing assignment.

What if I get to my assignment and dislike my housing?

Unfortunately, this does happen. Immediately contact your recruiter and in most cases, they’ll fix the problem if it’s truly unacceptable. I know a travel nurse who realized her housing was next door to a methadone clinic. When she contacted her agency, they moved her and the other travel nurses to a safer neighborhood. On the flip side, if you get there and the housing is more run-down than you’d prefer, they may not do anything. This is why I recommend you do your due diligence before you leave for an assignment — it’ll limit housing surprises!

What if something breaks or malfunctions in my agency-placed housing?

Contact your staffing agency and the landlord immediately. Once the sewage backed up in the house the agency rented us. We contacted our recruiter and the landlord, and someone was sent out that day to take care of the problem. The agency also offered to put us up in a hotel overnight if it wasn’t cleaned up by then — luckily it was. Usually, issues are more minor than this if they happen at all.

What happens if your travel nursing contract is cancelled?

The big risk with taking the housing stipend is the chance your contract is cancelled. It wasn’t something we ever considered until Hurricane Sandy. We had a contract in NYC and wanted to live in a hip Manhattan neighborhood and truly feel like New Yorkers. Once Sandy hit, the hospital cancelled our contract and luckily the landlord backed out of lease the day before. I asked our recruiter what would have happened if we’d already paid for our housing before the contract cancellation. The response: It would have been our problem to deal with.

What is agency placement housing?

Agency-placed housing. Your staffing agency arranges housing for you.

How to save money while traveling nursing?

Taking your own furniture or buying what you need used can save money too. Travel nursing in pairs can make you the most money — one of you can take agency-placed housing and the other the stipend and split it, or you both take the stipend and find a place together. You have extra time to get settled.

What is a travel nurse housing stipend?

A travel nurse housing stipend is the amount of money employers offer nurses for their cost of housing while working remote assignments. This form of compensation helps travel nurses afford temporary housing while away from their normal residences. Stipends may also include funding for a nurse’s travel to the assignment area and the food they require while living there. Nurses who want upgrades, such as additional rooms or appliances, from the services that their housing stipend covers may have the ability to pay for them individually.

How is a travel nurse housing stipend different from a per diem?

While a travel nurse housing stipend and a per diem are both compensation packages for those working on temporary health care assignments, they vary in the frequency with which employers provide them. Per diem, meaning "per day" in Latin, compensation packages often cover food, lodging and other living expenses, while a stipend is mostly for lodging purposes.

How much can I expect to receive from my travel nurse housing stipend?

The amount of money you can expect to receive from your travel nurse housing stipend often depends on your employer. For instance, some agencies may pay a lower stipend but higher taxable wages to nurses. The amount also varies based on the location of your assignment. Typically, the GSA determines maximum stipends based on the average cost of living in a particular area.

What are the highest-paying cities for travel nurses?

A travel nurse’s salary and stipend vary depending on their location, employer and other factors. On average, a travel nurse working earns an average of $109,199 per year. Here’s a list of some of the highest-paying cities for travel nurses:

What are the benefits of being a travel nurse?

One benefit that travel nurses often receive as part of their compensation packages is a housing stipend, which they can use to pay for lodging while on assignment. Understanding the components of travel nurse housing stipends can help you decide whether this is a career you might want to pursue. In this article, we answer some frequently asked questions about travel nurse housing stipends, including what they entail, and provide a list of some of the highest-paying cities for travel nurses.

What is per diem compensation?

A per diem compensation system is the maximum daily amount that an employee can seek in reimbursement for expenses accrued while traveling on assignment. A stipend, however, is a fixed sum that employers pay nurses as a normal salary—either weekly or biweekly. Most travel nurses receive stipends, as their assignments typically last longer than a few days.

Why are nursing stipends higher in Phoenix?

Therefore, nursing stipends in Phoenix in the winter may be higher to accommodate that increase in rent. To earn more, you may want to work in a less popular area or learn an in-demand specialty to make you more marketable.

How to get paid for travel nursing?

In addition to choosing an assignment in a high-paying location and signing with a travel agency that offers competitive rates and extra-compensation packages, there are other ways that you can earn even higher pay. For example, you could take any of the following strategies to earn an even higher travel nursing salary: 1 Get additional training for an in-demand specialty. Typically, you will be responsible for any costs incurred for adding specialty credentials and you won’t be reimbursed directly from the travel nursing agency. 2 Sign up for rapid response posting. This is when a travel nursing agency will post a position that requires a very fast turnaround to begin work, similar to being “on-call” at a staffing position. 3 Work in less popular places. A lot of travel nurses like to travel to the beach in summer, but there are other areas that need help and facilities are often willing to incentivize. 4 Consider working in a strike zone. It may not be a popular choice, but hospitals that are in the middle of a strike need staffing agencies to temporarily fill nursing positions, carrying a higher wage potential for you.

How much does a travel nurse make?

For example, one survey of nurses who had found travel nursing positions using a popular employment site found that the average weekly wage of a travel nurse is $1,698 per week, which is approximately $88,400 per year. Keep in mind, though, that many travel nurses work different travel positions over the course of the year, so that figure can fluctuate based on the job’s conditions, any overtime, and the flexibility of the nurse’s schedule. Your nursing speciality can also affect your total compensation as some hospitals may pay a premium for specific high-demand specialities.

What is rapid response nursing?

This is when a travel nursing agency will post a position that requires a very fast turnaround to begin work, similar to being “on-call” at a staffing position.

Do travel nurses get bonuses?

A travel nurse can expect some additional compensation that a staff nurse might not have access to. For example, many travel nurses earn sign-on bonuses when signing with a travel staffing agency, get referrals if they bring other nurses onto the agency to work, and receive housing and meal allotments.

What are the expenses that can be covered by a stipend?

Housing, meal, and incidental stipends, which could cover a majority of your bills.

Which city pays the most for travel nursing?

Some of the highest-paying cities in the country for travel nursing include the “big” cities that might pop up in your mind immediately, such as Seattle and Oakland . According to ZipRecruiter, the top 10 highest-paid cities for travel nursing in the U.S. are:

Do you have to report travel nurse stipends?

Most of the time, these stipends are non-taxable, which means you don’t have to report them as additional income come April. You can also get tax breaks for maintaining your full-time home, which equates to extra money in your pocket overall too. See available high-paying travel nurse opportunities.

How to calculate blended rate?

Your blended rate is calculated by breaking down your non-taxable stipends into an hourly rate and adding it to your taxable base rate. For instance, if you worked 36 hours per week on a 13 week assignment, your hourly rate would look something like this based on the above scenario:

What is blended rate for travel nursing?

When travel nursing companies advertise pay rates, they will often tell you a blended rate. A blended rate combines an hourly taxable wage such as $20 an hour with your non-taxable reimbursements and stipends to give you a higher hourly rate. Here is an example of a typical pay package: $20 per hour – taxable base rate that is reported to the IRS.

What is tax advantage plan?

The most alluring advertisement travel nursing agencies use to get you in the door is the infamous “tax advantage plan”. This can also be referred to as per-diem, stipends, reimbursements or a combination of all three. What this basically means is that if you are traveling away from your home for work, there are certain expenses …

What is a tax home?

A tax home is your place of residence that you maintain and pay for while you are out on your travel assignment. Ideally, the IRS would like a travel nurse to take an assignment somewhere and then return to their tax home where they maintain a PRN or full-time nursing job.

How much money do you get in one year to qualify for a loan?

Most banks do not take into consideration stipends and reimbursements when it comes to giving out money, so if you are trying to qualify for a loan, it looks like you only earned $30,000 in one year instead of $60,000.

What are the different types of pay packages?

There are two different types of pay packages: flex pay and rigid pay.

How much does a travel nurse make an hour?

Overtime by law has to be paid time and a half of your taxable base rate. So, if you make $20 and hour, then your overtime pay will be $30 an hour.

Will the agency pay for 100% of a travel nurse’s housing?

Yes, if you accept agency-provided housing and do not request any upgrades. The answer is also yes if you take the housing allowance and find anything within that budget. You’ll have to spend more if you want luxuries like two bedrooms, a vacuum, or a washer/dryer in the housing. Similarly, if you can’t find what you want for the stipend amount, you may have to pay for it yourself.

Will the agency pay for gas, electric, water, or cable?

Most agencies cover the cost of utilities (gas, electricity, and water) up to a certain point; you might have to pay extra if going past an amount. Cable and internet are normally paid for by travel nurses, though some companies may reimburse them.

Will my housing be furnished?

Couch, chair, end table, coffee table, lamp, and TV stand in the living room Dishes, linens, a television, mattress, and a vacuum cleaner are all considered extras that will increase the cost. A washer/dryer and even a microwave are not often included in the usual package. Some of these items are negotiable.

How is the housing stipend amount determined?

The amount of the housing stipend is defined by the contract, the city, and how the specific agency divides its compensation package. As a result, each travel nursing assignment may pay you a different amount.

Will I have a roommate if I choose company housing?

Most of the time, no. On the other hand, you may be forced to share a room with another nurse or take a lesser income in return for a private room because of short-term assignments. This is something you should be aware of before applying for the job.

What if I get to my assignment and dislike my housing?

This does, unfortunately, happen. Contact your recruiter right away, and they’ll most likely solve the situation if it’s genuinely bad. Anyway, it is recommended doing your homework before leaving on an assignment as it will help you avoid unpleasant housing surprises.

What if something breaks or malfunctions?

Contact your staffing agency and the landlord immediately. The agency should offer to put you up in a hotel overnight if it’s not solved. Usually, issues are more minor than this, if they happen at all.