Assisted Living Cost - In General
According to last year's MetLife Assisted Living survey, the average monthly cost of an assisted living facility in U.S. was $2,524 per month, or $30,288 per year, meaning that costs have climbed 15% in the past year.
Services included in the base price of an assisted living facility larger than 6 beds are usually limited to three meals per day, assistance with activities of daily living, social activities, medication management, laundry and housekeeping. Additional fees may be charged for services such an increase in frequency and time for personal care, laundry needs over and above the basic service, meals delivered to the living quarters and dementia care.
Assisted Living Facilities are owned and operated by both for-profit and non-profit organizations and can range in cost from $800 to $4000 or more per month, depending on where you live. Fees may be inclusive or there may be additional charges for special services. Costs are generally lower than for in-home care or nursing homes.
In home care costs vary greatly and will be dependent upon the level of skill required. Beside the expenses that you will have by maintaining your home and to purchase food, assistance with personal care can be expensive. Medical professionals will cost more per hour than non-medical / companion care. Rates can be as low as $15 per hour( for non-medical/companion care) up to $40-$50 per hour( for medical professionals as RN/LPN's) depending on the level of care required and the location.
Nursing Home costs can start at $6000 per month to as high as $9000 or more. Many people don't realize that assisted living facilities have different levels of care being able to provide a multitude of services and that you should look up assisted living before thinking nursing home.
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