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The pay anyone receives depends on several variables. Among these are level of training, college degrees (for nursing there are Associates, Bachelors, Masters, Doctorate level degrees), experience, years of experience, and location--location--location. Nurses in NYC are likely to make far more starting for equal levels of all variables than a nurse who works in East Backwater Texas. These are the facts.However, nationally the average starting pay for Psychiatric Nurses is $27.57 per hour (or $57,345.60 annually. What nurses across the country earn can span from $21 to around $38 per hour.

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