Cost of Long-Term Care Services

Knowing long-term care costs in your area can help you choose if transferring this risk to an insurance company makes sense for your situation. Because health insurance and Medicare do not pay for most long-term care, this is critical to protecting your assets and family.

You can transfer the entire risk and pay higher premiums, or transfer some of the risk and pay lower insurance premiums. Either way, this information allows you to make the best choice for your situation.

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Long-Term Care Costs by State – 2021 (annual)

NURSING HOMEASSISTED LIVINGIN-HOME CARE
LOCATIONPrivate RoomPrivate – One BedroomHomemaker Services
National Median$108,405$94,900$61,776
Alabama$84,315$80,118$46,218
Alaska$378,140$378,140$68,640
Arizona$96,360$78,475$65,208
Arkansas$80,300$73,000$50,336
California$146,000$117,530$73,216
Colorado$116,709$102,810$76,648
Connecticut$182,044$165,163$64,064
Delaware$150,928$147,278$64,064
District of Columbia$125,925$125,925$66,924
Florida$115,523$103,843$57,200
Georgia$91,250$84,133$52,624
Hawaii$169,360$150,015$68,640
Idaho$109,500$102,200$65,208
Illinois$85,866$75,190$64,064
Indiana$104,405$87,235$57,200
Iowa$89,425$82,490$66,924
Kansas$81,760$75,555$56,056
Kentucky$95,630$86,140$57,200
Louisiana$72,719$69,113$44,616
Maine$135,050$125,925$68,640
Maryland$146,000$124,100$61,776
Massachusetts$162,425$151,475$70,928
Michigan$118,260$109,135$66,352
Minnesota$156,859$139,211$82,940
Mississippi$87,768$85,410$45,760
Missouri$71,175$63,145$57,200
Montana$96,725$90,885$64,064
Nebraska$99,463$89,790$64,064
Nevada$120,085$110,595$61,776
New Hampshire$144,175$131,400$74,360
New Jersey$145,818$135,043$68,526
New Mexico$100,375$91,250$55,827
New York$158,797$153,300$66,352
North Carolina$98,550$89,790$52,624
North Dakota$151,041$143,741$68,274
Ohio$98,550$87,600$60,632
Oklahoma$73,000$65,700$58,344
Oregon$133,360$124,100$73,216
Pennsylvania$133,882$124,841$59,488
Rhode Island$120,450$113,150$71,500
South Carolina$95,813$87,418$53,768
South Dakota$91,250$85,410$70,928
Tennessee$91,980$85,775$54,912
Texas$85,107$61,503$54,912
Utah$109,500$86,140$68,640
Vermont$133,225$127,020$68,640
Virginia$109,865$98,550$59,442
Washington$125,597$113,150$78,936
West Virginia$146,548$139,430$42,900
Wisconsin$116,800$108,259$68,640
Wyoming$91,615$83,950$66,352

Genworth Long-Term Care Study

This Genworth Cost of Care Survey conducted by Carescout® included 435 cities and towns across the country. Over the past 17 years, these Genworth long-term care surveys have uncovered the long-term care inflation rate. As expected, the cost of all types of care continues to rise — from home care costs to nursing homes. From 2020 to 2021, the cost of care for a Private Room in a Nursing Home rose 2.41% and the Five Year Annual Compound Growth Rate was 3.25%.

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The core driver of increases in the cost of care remains supply and demand. Every day until 2030, 10,000 Baby Boomers will turn 65 and seven out of ten of them will need long-term care services at some point. The level of care needed by our aging population has itself increased over the years. There is also an insufficient supply of professionals to meet this growing demand, further increasing the cost of care.

Note: Nursing Home and Assisted Living rates based on 12 months of care in a private one bedroom. Homemaker Services based on 44 hours per week by 52 weeks