New research on the cost of long-term care in Texas
April 2, 2024
Average Cost of Long-Term Care In Texas
The average cost of long-term care in Texas continues to rise according to this Nationwide Financial study conducted by HealthView Services.
In 2024, the average cost for 3 years of long-term care in Texas is $225,000 ($75,000 per year). That cost is projected to be $495,000 in 2044 ($165,000 per year). This is why Texas long-term care insurance is needed to protect the assets of families across the state.
The Killeen-Temple area is reported to have the highest long-term care cost at $89,900 per year ($246/day). Corpus Christi has the second highest cost in Texas at $87,000 per year ($238/day).
Texas LTC Costs by Region
Texas Long-Term Care Costs – 2024 (annual) | |||
| Nursing Home (private room) | Assisted Living (private room) | Home Care (44 hours/week) | |
| State Average | $75,347 | $57,754 | $52,849 |
Click here for regional costs
| Region | Nursing Home | Assisted Living | Home Care |
| Abilene | $77,144 | $66,056 | $56,410 |
| Amarillo | $73,684 | $56,538 | $63,287 |
| Austin-Round Rock | $81,583 | $77,817 | $57,066 |
| Beaumont-Port Arthur | $69,336 | $57,489 | $48,679 |
| Brownsville-Harlingen | $78,419 | $59,306 | $42,026 |
| College Station-Bryan | $79,167 | $64,426 | $58,837 |
| Corpus Christi | $87,220 | $45,659 | $52,021 |
| Dallas-Fort Worth | $78,090 | $65,698 | $55,180 |
| El Paso | $73,961 | $35,702 | $46,613 |
| Houston-Sugarland | $78,441 | $60,919 | $55,890 |
| Killeen-Temple | $89,916 | $61,673 | $60,122 |
| Laredo | $77,496 | $57,754 | $39,636 |
| Longview | $60,322 | $52,947 | $63,090 |
| Lubbock | $74,545 | $51,042 | $54,042 |
| McAllen-Edinburg | $78,563 | $59,005 | $42,589 |
| Midland | $72,737 | $63,896 | $58,751 |
| Odessa | $72,044 | $68,497 | $57,254 |
| San Angelo | $68,541 | $71,764 | $53,233 |
| San Antonio-New Braunfels | $72,472 | $57,227 | $60,739 |
| Sherman-Denison | $65,981 | $56,217 | $57,895 |
| Texarkana | $67,282 | $34,470 | $44,657 |
| Tyler | $64,962 | $64,904 | $56,034 |
| Victoria | $75,404 | $66,505 | $56,034 |
| Waco | $66,819 | $63,110 | $60,864 |
| Wichita Falls | $71,167 | $50,403 | $48,886 |
SOURCE: Nationwide Financial annual cost of care survey conducted by HVS, site accessed 5/7/2024
How To Protect Your Family and Assets
Long-term care insurance policies cover the expenses of nursing homes, assisted living facilities plus in-home care. The cost of premiums for LTC insurance can vary significantly based on the insurance company, your age and health history. While most companies now charge higher premiums for women, there are exceptions. Therefore, it is highly recommended to work with a professional who represents multiple highly rated companies and specializes in long-term care planning.
In Texas, both long-term care insurance and short-term care insurance options are available. Plus there are hybrid life insurance with long-term care plans. These options help ensure that insurance premiums are affordable. Additionally, we offer detailed comparisons to the AARP long-term care insurance plan.
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About the Author: Craig Matesky
Reviewed by: Mike Berger