Long-Term Care Costs for Seniors in Each State
A Place for Mom, the nation’s largest senior living advisory service, is dedicated to helping seniors and their families find the most suitable care options to meet their specific needs. A recent survey conducted by A Place for Mom revealed that only 34% of families were prepared for senior living costs in 2023, with over 60% finding cost and financing information to be valuable in their decision-making process. The data presented in this report offers a comprehensive overview of the expenses associated with senior care.
To provide transparency and guidance, we have collaborated with a wide network of over 17,000 senior living partner communities and home care agencies to gather long-term care cost data. The figures shared below represent actual costs paid by seniors residing in A Place for Mom’s partner communities in 2023, unless otherwise specified. Monthly senior living prices are all-inclusive and vary based on the level of care and amenities offered by each community, while home care costs are calculated on an hourly basis to accommodate different care needs.
While many families seek information on average long-term care costs, this report primarily focuses on median costs, which signify that half of providers charge more than the given amount and half charge less. Median costs are less susceptible to extreme high or low prices, providing a more balanced perspective on the financial aspects of senior care.
National median costs of long-term care
The cost of senior living is influenced by the care level, amenities, services, and activities provided by a community. Prices can vary significantly across different types of senior living arrangements:
– Assisted living: $4,995 per month
– Memory care: $6,200 per month
– Independent living: $3,100 per month
– In-home care: $30 per hour
State-specific assisted living costs
Wyoming boasts the lowest assisted living costs at $3,642 per month, while the District of Columbia has the highest at $7,250 per month. Here are the monthly assisted living costs in various states:
– Alabama: $3,696
– Mississippi: $3,757
– Louisiana: $3,811
– Georgia: $4,152
– Utah: $4,165
– Kentucky: $4,168
– South Dakota: $4,205
– Arkansas: $4,253
– South Carolina: $4,295
– Florida: $4,310
– Indiana: $4,348
– Tennessee: $4,382
– New Mexico: $4,395
– Idaho: $4,559
– Arizona: $4,575
– North Dakota: $4,598
– Missouri: $4,700
– West Virginia: $4,710
– Montana: $4,840
– Oklahoma: $4,899
– Iowa: $4,968
– Ohio: $4,995
We hope that this information empowers families
Assisted Living Monthly Costs by State
– Pennsylvania: $5,000
– Minnesota: $5,040
– Nebraska: $5,042
– North Carolina: $5,070
– Illinois: $5,150
– Texas: $5,172
– Michigan: $5,190
– Kansas: $5,205
– California: $5,270
– Virginia: $5,280
– Colorado: $5,295
– Wisconsin: $5,410
– Washington: $5,425
– Hawaii: $5,495
– Nevada: $5,578
– Rhode Island: $5,670
– Oregon: $5,760
– New York: $5,895
– Maine: $5,915
– Maryland: $6,078
– Connecticut: $6,283
– Alaska: $6,285
– Vermont: $6,495
– Delaware: $6,525
– Massachusetts: $6,669
– New Hampshire: $6,879
– New Jersey: $7,000
– District of Columbia: $7,250
Methodology:
A Place for Mom collected data on senior living costs based on median values, collection periods, and sample size. Data includes assisted living, memory care, and independent living costs. Costs were gathered at move-in and over the following year to provide an accurate picture. Memory care costs include room and board, personal care, and community fees. Assisted living costs cover rent, meals, activities, and medication management. Independent living costs include room, board, and amenities. Home care costs vary based on hourly rates and care levels.
The article originally published on APlaceForMom.com and distributed by MediaFeed.org mentions that working 28 hours per week translates to a monthly income of $5,720, calculated using the national median hourly rate provided by A Place for Mom’s network of home care providers.
