<div>In the healthcare industry, the benefits and perks of travel nursing are often compared to those of regular nursing positions. Unfortunately, there are many myths surrounding travel nursing especially with regard to compensation. If you are a travel nurse or are interested in becoming one, it’s important that you know the facts involving pay rates. Keep reading below to learn about three common travel nursing compensation myths.</div><h2>Travel Nurses Have Lower Pay Rates</h2><div>One of the most common misconceptions is the idea that travel nurses earn higher or lower rates than their counterparts. Pay rates vary based on many factors, including hospital, geographic location, and nursing experience and credentials, among other factors. Furthermore, when making comparisons, you must account for benefits packages, paid time off, sick leave, and other related variables. Putting these variables aside, research by the U.S. Bureau of Labor Statistics (BLS) generally shows that travel nurses and staff nurses make approximately the same hourly wages.</div><h2>Travel Nurses Incur Housing Expenses</h2><div>This could not be farther from the truth as travel nurses are provided housing accommodations or a housing stipend as part of their job contracts. This is a huge perk, as travel nurses are free from paying mortgage, rent or utilities which can result in a significant cost savings. And, if a travel nurse receives a stipend, they are free to use that money to find their own housing and pocket the difference.</div><h2>Travel Nurse Bonuses are Tax-Free</h2><div>Though bonuses sound like free money, remember they are still taxable income! In fact, bonuses are often taxed at a higher rate than traditional income. All bonuses involved in a travel nursing compensation package, including signing and completion bonuses and referral bonuses, are considered taxable.</div><h2>Do you need more help understanding how travel nursing compensation works?</h2><div>Contact our premier team of talent acquisition specialists to get all of your questions answered. Ready to pack your bags and head off on a great assignment? Click below.</div>

Getting Mixed Signals about Travel Nursing Compensation? This Will Set The Record Straight!