These are, of course, averages. As you all know, total actual costs incurred are dependent on the intensity of use of these services. Fortunately, all of our friends of a certain age are ALL very fit, mentally active, and will no doubt not need these services much, if ever. Right.
The state by state comparison link is pretty interesting. Where do YOU want to retire? Or, where can you best AFORD to retire. Maybe matching up availability of services and life-style features with costs would be an interesting exercise.
Michael
The Cost Of Elder Care
Adults have been providing an increasing percentage of financial assistance to their parents in recent years. Below are the national average annual costs and daily rates paid for various types of adult care.
| Type | Average | Annual |
|---|---|---|
| Nursing home: semi-private room | $214/day | $78,110 |
| Nursing home: private room | $239/day | $87,235 |
| Assisted living | $3,477/month | $41,724 |
| Home care: home health aide | $21/hour | $21,840 |
| Home care: homemaker | $19/hour | $19,760 |
| Adult day services | $70/day | $18,200 |
| A state-by-state comparison | ||
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