Mature Market Experts Stat of The Day: The Costs of Care

What are the costs the mature market faces for care?

 

The average daily cost for a private room in a nursing home is $213, or $77,745 annually.

The average daily cost for a semi-private room in a nursing home is $189, or $68,985 annually.

The average monthly cost of living in an assisted living facility is $2,969, or $35,628 annually.

The average monthly cost of living in a not-for-profit Continuing Care Retirement Community is $2,672, or $32,064 annually.

The average monthly rate for assisted living facilities that charge additional fees for Alzheimer’s and dementia care is $4,270, or $51,240 annually.

To move into a community, individuals must also pay an entry fee ranging from $60,000 to $120,000.

The average hourly rate for a certified home health aide is $32.37.

The average hourly rate for a uncertified home health aide is $19.00.

Source: AAHSA, American Association of Homes and Services for the Aging

 

The national average daily rate for adult day care centers is $61.

The national average hourly rate for homemakers/companions is $18.

Source: 2007 MetLife Market Survey of Adult Day Services & Home Care Costs

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