Is it True That I Can Make More Money as a Travel Nurse?

In general, traveling nurses do often make good money and have more opportunities to get ahead financially. Their willingness to be away from the comforts of home is considered warranted for a higher wage. However, it’s not just the hourly rate that is better. Traveling nurses who maintain a permanent residence are also entitled to many additional tax benefits that can really add up. Being away from home, they can also deduct a daily allowance for meals, which helps lower their taxes, too.

Another bonus is that housing is paid for by the travel nursing company, in addition to utilities. In most cases, you will be provided with a private, furnished apartment or condo in a housing community that offers amenities such as a pool, spa and workout facilities. It’s not a bad deal at all.

If you’re looking to maximize your earning potential, you can find out from your travel company which assignment facilities are offering completion bonuses. In some hard-to-fill positions, the bonuses can be upward of $6,000 or more.

Some travelers find creative ways to make their money go even further such as living in an RV or staying with a friend or family member while on assignment and taking advantage of the housing stipend that their travel nursing company gives them each month. If you need to make more money, travel nursing is definitely an option that’s worth considering.