Using the term stipend helps avoid confusion with the healthcare industry’s use of per diem as meaning daily or on-call staffing. 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. However, this is only true in cases where the contract is cancelled with cause, meaning the contract is cancelled for some disciplinary or performance issue. There are several reasons for these variations between agencies. If you have very particular tastes when it comes to housing, then it may be more of a hassle to find housing. Despite the financial risks, you will usually realize a financial advantage if you take the stipend. Join thousands of travel nurses on BluePipes. An RV travel nurse typically has two housing expenses while they travel Therefore, you wouldn’t lose money if you took the company housing and missed hours, but you would lose money if you took the stipend and missed hours. Before making a decision, you should always ask what the average housing stipend for travel nurses is at your agency. When working with most travel nursing agencies, there are typically two options nurses have when it comes to payment for housing. A housing stipend allows you to … Stipends are one of the benefits of travel nursing, and stipends for some assignments can really sweeten the deal. It’s important to note that there are questions over the legality of this practice. The GSA, or Government Services Administration, oversees these pay rates for all counties in the United States. First, you might be wondering why the GSA calls it “Per Diem” and others refer to it as a “stipend.” “Per Diem” is a Latin term that means per day. Topping the list is New York, with New Hampshire and Wyoming close behind in second and third. Therefore, if you can find your own housing for less than $2000 a month, then you pocket the difference. Many landlords like renting out to traveling medical professionals specifically, and it’s always nice as a traveler to be able to rent from someone who understands our needs, so it’s a win-win. If you sign a 3 month lease and your contract gets cancelled, then you could potentially lose a significant amount of money. , 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, arrival reimbursements to help cover the cost of travel expenses from your house to one of the facilities. If the agency deducts the cost from your pay check, then you could file a complaint with the State’s labor relations board. When it comes to housing for travel nurses, there are usually two options. That’s a difference of $800 and they will add this amount to your taxable hourly rate. The GSA limits spike for a few months out of the year to accommodate the increase in the cost of living and scarcity in available housing options. Although cost of living has increased across the country, your dollar will go a lot further in Nebraska than it will in San Francisco. And they’re right; in many cases, taking the stipend can be financially advantageous. As you know, financial advantages and gains typically come with financial risks. In this blog post, we’ll provide detailed information about housing stipends to help you attain a full understanding of this pay package variable. The time of year is also a factor in the way that the GSA calculates the limits on stipends. 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. It’s important to consider the cost of living in these areas. Tired of filling out skills checklists? Similarly, you can ask property managers if they can include an early cancellation clause in their lease. For example, the current Per Diem lodging rate for Sacramento, CA is $102 per day. We must point out that this particular scenario could potentially run afoul of the IRS’s wage recharacterization rules. They’re free on BluePipes. The average salary for a Travel Nurse is $1,834 per week in Las Vegas, NV. Some Travel Nurses simply want to choose their own housing. For example, resort cities in Florida will be easier than downtown Los Angeles. A great way to minimize your arrival costs is to apply for a, 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. Travel Nurse Housing Options. 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. “Stipend” is defined as a “fixed regular sum paid as a salary or allowance.” This definition is a better fit for the travel healthcare industry. There are laws and legal issues that they may run afoul of when doing this. This article is going to explain the different housing options for people on a traveling nursing assignment and will also cover important components of travel nursing pay like traveling reimbursement and housing stipends. If you take the stipend, then you could potentially face a greater risk of financial losses due to missed hours or cancelled shifts. Second, some agencies disregard the rules and offer really high tax-free stipends and low taxable wages which makes their “net pay” more attractive. If you take the stipend, then it’s much easier for the agency to simply withhold the prorated value of any missed hours from your paycheck. And to fully understand the stipend we have to understand “GSA Per Diem Rates”. Please reach out to an expert Senior Recruiter at Host Healthcare with any questions about nursing jobs. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Travel Nurse Housing is a totally free website for travel nurses to find short-term furnished housing (3 month average stay) and the leading site where landlords list their furnished property to find travel nurse tenants. Last year, a Travel RN earned a gross average weekly salary of $1,716 per week working an average of 36 hours per week. Certain areas of the country pay more in stipends because of the elevated cost of living in short-term rentals. Throughout the history of traveling nursing, the cost of living has continued to increase. We’ve identified seven states where the typical salary for a Travel Nurse job is above the national average. You will also want to be aware that travel nurses can be hesitant to rent any place that requires a large deposit against lease terms. The practice itself is common in the travel nursing industry. As a former recruiter I've helped countless travel nurses with the question of taking the housing stipend or going with company provided housing. For example, if you are working with a company that offers a straight choice between a stipend and company provided housing, then you could pocket some extra cash if you’re able to find housing that costs less than the stipend. If you had a anything to say what would you have done to show your employees you care for them? The issue here is that most companies include a clause in the contract pertaining to penalties for missed hours or cancelled shifts. Stipends currently run from $100-$300/day (depending on the city and time of year) between travel nursing companies. The average salary for a Travel Nurse is $1,672 per week in Houston, TX. Discover travel nursing assignments where you want to travel! Before weighing in I must say that I’m not a lawyer, so this is for informational purposes only. Ready to take your nursing career to the next level? ), your RV must function as your second home. First, you’ll need to decide if you want the travel nursing agency to arrange your housing or if you would prefer to take the housing stipend and arrange it yourself. However, the reality is that housing stipends are much more complex than this simple definition. However, you may have to sacrifice some of your desired housing amenities with these options. If you’re having a hard time deciding, talk with one of recruiters for more information. Navigating pay packages and benefits on top of everything else that must be considered in finding a travel nursing assignment can be overwhelming, so how do you know what to expect when it comes to your housing stipend? First, by avoiding the extra taxes you’d pay on the higher taxable wage. Wyoming beats the national average by 6.0%, and New York furthers that trend with another $18,942 (17.4%) above the $99,202. For example, if an agency gives you a choice between $1000 for a travel stipend or $500 for a travel stipend and an additional $1.07 per hour, then they may be guilty of recharacterizing the tax-free stipend as a wage. Im looking for numbers that nurses have actually seen, not ballpark. Why Host Healthcare: Our team members in the office are champions in the industry and we only work with the best travelers who are dedicated to their field of work. They know this all too well. Per Diem With this basic understanding of GSA Per Diem rates in mind, we can discuss how this all applies to travel nursing. Hello!Ive been searching and cannot find an answer to this question on any travel nursing website, so am asking it here. So the size of the stipend can be constrained when the bill rate is low. Second, if you can find housing for less than the cost of the agency provided housing. This is because different agencies handle housing stipends in different ways which leads to different explanations when talking to recruiters. I have a specialty so my average salary is $50-$70. These clauses exist to ensure that the agency doesn’t have to pay if the hours aren’t worked because the agency can’t bill the hospital if the hours aren’t worked. ? The “General Services Administration” (GSA) “oversees the business of the US Federal Government.” Of course, this means the GSA has many responsibilities. Travel Nurses can receive tax-free money to help them pay for housing, transportation and other expenses. I’m not sure about the legality of the practice, and it’s tough to tell how a court or the labor relations board would rule in your particular case. And because many agencies conduct business this way, it’s an important scenario for you to be aware of. For example, if this was for a 13 week contract for 36 hours per week, then there would be 468 total hours in the contract. Want more information on stipends and pay packages for your travel. The GSA limits spike for a few months out of the year to accommodate the increase in the cost of living and scarcity in available. How Does Travel Nurse Housing Work? But contracts can get cancelled for many other reasons, such as low census. Everyone is different when it comes to their preferences. Discover why travel nurses are calling us their “secret weapon”. However, that doesn’t mean it’s legal in all circumstances, or any circumstance for that matter. By living in pairs, you can split the rent of your short-term lease and have a larger variety of housing options to choose from. Counties with a higher cost of living typically have higher per diem rates because it costs more to cover these expenses. If you choose the housing allowance and find your own place to live, this option allows you the most control, but it may not cover all costs. Throughout the history of traveling nursing, the cost of living has continued to increase. However, because of the in-demand and transient nature of the job of a travel nurse, travel nurses can expect to make, in general, more than the average staff nurse. If you’re ready to start your career as a healthcare traveler, contact a recruiter from Host Healthcare today. And remember, while it’s true that most travel nursing contracts include a “guaranteed hours” clause, these clauses typically allow a certain number of cancelled shifts per 13 week contract and they never cover missed hours (ie calling in sick or scheduled time off). Second, you can look for month-to-month apartment leases. If the bill rate is low for an assignment, then the agency has less money to offer overall. Remember, the bill rate is the hourly rate that the agency can charge for the nurse’s time at the facility and it is the sole source of revenue for the agency. In order to qualify, you must be traveling for work away from your tax home. This would mean that if you took a travel assignment in Sacramento, CA, then you should expect to get a stipend of $3,060 per month, or close to it ($102 per day for 30 days). Simply put, a housing stipend is a sum of money that is intended to cover the cost of housing while you’re working a travel assignment. So, if you don’t work the hours, then you don’t get the payment. For example, if the lodging stipend, M&IE stipend and travel stipend had a combined value of $22 per hour, then the penalty for missed hours would be $22 per hour. Seems like I’m the one who was out of work for a week that I shouldn’t get double deducted. By living in pairs, you can split the rent of your short-term lease and have a larger variety of housing options to choose from. I have been with this travel company for 4 years and have met more issues lately. Travel nurses typical salary range is 25%-50% more than staff nurses’ take-home income! However, my guess is that this shouldn’t matter. A perfect example is the state of Florida during winter when the population increases because many snowbirds migrate to the area. You receive a stipend and make your own housing arrangements. This option is easy for those that don’t want to find their own lodging. They typically pay them on a weekly or biweekly basis. By finding your own housing option that is cheaper than the stipend amount, you pocket the most money. Free eBook: How To Negotiate Travel Nursing Pay. Nurses can either choose to live in housing that their agency provides, or they can receive a stipend to find and pay for their own housing. And the GSA lodging rates are quoted as daily figures. These options typically have more flexible terms and more reasonable prices. Travel Nurse Housing. This is another reason that many agencies sell the stipend so hard; they don’t want to hassle with the housing. Moreover, even when a contract is cancelled with cause, it’s often more trouble to collect from the nurse than it’s worth, so agencies often shoulder the costs associated with housing when they’re providing it. You’ll be the one in charge of finding the housing, completing all the paperwork, and taking care of all the furnishings and incidentals. That said, there are ways that you can avoid this risk. The time of year is also a factor in the way that the GSA calculates the limits on stipends. This includes non-taxable compensation like living stipends, meal stipends, and housing which add up to an average value of $1,388 per week. And more reasonable prices nurses can bring in over $ 3,000 per week the travel nurse housing stipend for nurses! Because many snowbirds migrate to the area how to Negotiate travel nursing opportunities nontaxable. 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