Question 1

Can a nurse afford a mansion?

Accepted Answer

Certain specialized nurses like certified registered nurse anesthetists could afford a mansion. Most nurses would have a hard time making the payments for a mansion.

Question 2

Can an RN make 100k?

Accepted Answer

Yes, certain specialized nurses like a CRNA and most nurse practitioner specialties make more than $100K in a year. This is according to the U.S. Bureau of Labor Statistics.

Question 3

What is the lowest paying state for nurses?

Accepted Answer

Some of the lowest-paying states for nurses tend to be in the south. For example, Oklahoma, Mississippi, and Alabama. Please note low paying doesn't necessarily mean bad quality of life for nurses as most of these states tend to have a low cost of living.

Question 4

How much can a nurse spend on a house?

Accepted Answer

The typical recommendation is not to spend more than 28% of your gross monthly income on home-related costs and not spend more than 36% of your monthly income on total debts. Total debts include mortgages, credit cards, and auto or student loans.

Question 5

Where can nurses afford to live?

Accepted Answer

Because of the decent pay of nurses and the prevalent of nursing jobs, most nurses can afford to live in just about any city and state in the United States. Because some areas have a higher cost of living, nurses may enjoy more things in other states.

Question 6

Can a nurse afford to live alone?

Accepted Answer

Nurses get paid well enough that they can afford to live by themself if they so choose.

Question 7

Do nurses get better mortgages?

Accepted Answer

Some housing programs are available in certain states that give nurses certain perks like reduced realtor fees. These are state-dependent, so check with your lender before making any decisions.

Question 8

How expensive of a house can a nurse afford?

Accepted Answer

Given the average salary (about $75,000), a nurse can afford a home of around $250,000. There are a lot of other factors that can affect this, such as how much debt the nurse has, the current interest rate, and how well a nurse can manage their personal finance.

Money Topics

Can a Nurse Afford a House?

How to Pay off Nursing School Loans

25 Ways to Make More Money as a Nurse

How to Get a Raise as a Nurse

7 Must Know Personal Finance Tips for New Nurses

Nurse Compensation: Comparing Salary vs Hourly Wage

9 Step Budgeting Tips for Nurses

Discover

Quick Links

Legal

Recent Posts