How Much Do Psychiatric Mental Health Nurse Practitioners Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary psychiatric mental health nurse practitioners make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for psychiatric mental health nurse practitioners and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of psychiatric mental health nurse practitioners are offering as compensation.

Keep reading to learn more about how much psychiatric mental health nurse practitioners can expect to make in the United States.

At a Glance: Salary & Jobs for Psychiatric Mental Health Nurse Practitioners

According to data from 2023, there were about 287,330 positions for psychiatric mental health nurse practitioners in the United States. In terms of salary, the national median salary for psychiatric mental health nurse practitioners was reported to be $126,256. Additionally, when examining job demand, employers across the country posted 236,344 job postings related to positions for psychiatric mental health nurse practitioners.

How Much Money Do Psychiatric Mental Health Nurse Practitioners Make?

Median salary is just one data point. To build a better understanding of how much money psychiatric mental health nurse practitioners and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for psychiatric mental health nurse practitioners.

Annual Salary for Psychiatric Mental Health Nurse Practitioners

According to the BLS, the lowest earners for psychiatric mental health nurse practitioners and related professions earned about $94,536 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $168,043 annually.

As mentioned previously, the median salary for psychiatric mental health nurse practitioners in the United States in 2023 was $126,256.

Hourly Salary for Psychiatric Mental Health Nurse Practitioners

The BLS also breaks down compensation for psychiatric mental health nurse practitioners by hourly salary, and the median average hourly pay for psychiatric mental health nurse practitioners in 2023 was $61. Lowest hourly earners took home $45 while the highest reported hourly salaries for psychiatric mental health nurse practitioners was $81.

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Degree Options for Psychiatric Mental Health Nurse Practitioners

Advertised Compensation for Psychiatric Mental Health Nurse Practitioners

Data from the BLS is one way to dig into compensation for psychiatric mental health nurse practitioners, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for psychiatric mental health nurse practitioners.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Psychiatric Mental Health Nurse Practitioners

During a review of 195,979 job postings related to psychiatric mental health nurse practitioners, advertised salary was included in 68,483 of them, which was 35%. Based on those postings, the median advertised salary for psychiatric mental health nurse practitioners was $136,064 per year.

Hourly Salary from Job Postings for Psychiatric Mental Health Nurse Practitioners

A similar analysis of job postings provides insight into advertised hourly salary for psychiatric mental health nurse practitioners. Based on 29% of postings with advertised compensation, the median hourly salary for open positions for psychiatric mental health nurse practitioners in the United States is about $65.

Salary Trend for Psychiatric Mental Health Nurse Practitioners

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for psychiatric mental health nurse practitioners. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for psychiatric mental health nurse practitioners dating back to September 2020, advertised salaries for psychiatric mental health nurse practitioners have increased 13%.

What's the Job Growth for Psychiatric Mental Health Nurse Practitioners?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for psychiatric mental health nurse practitioners over the next 10 years.

According to the data obtained through Lightcast,™ there were 287,902 jobs for psychiatric mental health nurse practitioners in the United States in 2023. By 2033, it is expected that about 126,048 jobs will be added. That's a 43.8% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about psychiatric mental health nurse practitioners? Visit our other pages focused on salary and education for psychiatric mental health nurse practitioners.

What do psychiatric mental health nurse practitioners do?
Psychiatric Mental Health Nurse Practitioners: How do you become one?

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