$50,000 a year
The median annual cost of care in an assisted living facility is $41,400, up nearly 5% from last year and 23% higher than five years ago, Genworth found. The cost of at-home care, such as home health aides or homemakers, is rising at a much slower pace. Hiring a homemaker, who typically assists seniors with cleaning, cooking and transportation, currently costs a median $41,756 per year -- up just 1% from last year and a mere 4% increase from five years ago. How Much Does Long Term Care Cost? The cost of long term care varies greatly, depending on the type of care, the place provided, and the region where you receive your care. For instance, the average hourly cost of home care ranges from $15 per hour in Montgomery, Alabama, to $24 per hour in Hartford, Connecticut. Nursing home care costs vary from $148 per day in Shreveport, Louisiana, to $462 in New York City for a semiprivate room.  Costs of Care. Some average costs for long-term care in the United States (in 2010) were: 1  $205 per day or $6,235 per month for a semi-private room in a nursing home. 2  $229 per day or $6,965 per month for a private room in a nursing hom Again, costs vary by state, but the average monthly cost for an assisted living center in most states is between $1000 and $3000 per month. Monthly costs in Alaska, Hawaii, Vermont, Washington D.C. and Wyoming are higher than average, sometimes up to $5000 per month. Because nursing homes employ more full-time staff members to provide a higher level of care, they are usually significantly more expensive. Costs vary by state, but the average cost for a private room in a nursing home is about $69,000 per year, or $5750 per month. If all of these conditions are met, Medicare will contribute to the nursing home cost required on a short-term basis (for up to 100 days). Specifically, Medicare will provide 100% coverage for skilled nursing costs for the first 20 days of a nursing home stay. The cost of a stay in a nursing home is dependent upon the circumstances of an admission, particularly whether care is needed on a short-term or long-term basis. What it Costs Brace yourself. Most people already know nursing home care can be expensive. Although the average cost is more than $50,000 a year and climbing, it can vary widely depending on where you live. Employee health insurance does not pay for nursing home care. About a third of nursing home residents pay all of their nursing home costs from their own funds. As more people live longer and nursing home costs rise, so too does the urgency to deal with these issues. AARP is committed to supporting new laws that will guide the development of an affordable, quality long-term care system for all Americans. 1 $205 per day or $6,235 per month for a semi-private room in a nursing home. 2  $229 per day or $6,965 per month for a private room in a nursing home. 3  $3,293 per month for care in an assisted living facility (for a one-bedroom unit). 4  $21 per hour for a home health aide. Some average costs for long-term care in the United States (in 2010) were: 1  The cost of living at a nursing home has soared to a new high of more than $80,000 per year. Over the past five years, the median annual cost of private nursing home care has jumped 24% from $67,527 to $83,950, according to Genworth's 2013 Cost of Care Survey, based on data from nearly 15,000 long-term care providers. From 2012 to 2013 alone, the price climbed 4%. The cost of at-home care, such as home health aides or homemakers, is rising at a much slower pace. Hiring a homemaker, who typically assists seniors with cleaning, cooking and transportation, currently costs a median $41,756 per year -- up just 1% from last year and a mere 4% increase from five years ago. The figures are from a report by Genworth, which sells products including long term care insurance. Barth says the figures are consistent with prices in midstate counties. — A shared room in a nursing home costs $97 to $972 per day, for a median cost of about $8,670 per month, or $104,000 per year. (Median is the midpoint between the low figure and the high figure.)
http://money.cnn.com/2013/04/09/retirement/nursing-home-costs/index.html https://www.ltcfeds.com/start/aboutltc_cost.html http://longtermcare.gov/costs-how-to-pay/costs-of-care/ http://assistedlivingtoday.com/p/assisted-living/ http://www.seniorhomes.com/p/nursing-home-cost/ http://assets.aarp.org/external_sites/caregiving/options/nursing_home_costs.html http://longtermcare.gov/costs-how-to-pay/costs-of-care/ http://money.cnn.com/2013/04/09/retirement/nursing-home-costs/index.html http://www.pennlive.com/midstate/index.ssf/2015/05/what_does_it_cost_to_live_in_a.html
how much does it cost to live in a nursing home