Nursing home and assisted living rates rose significantly from 2009 to 2010, according to the Market Survey of Long-Term Care Costs. Private room nursing home rates rose 4.6% to $229 per day or $83,585 per year, while assisted living rose 5.2% on average to $3,293 per month, or $39,516 per year. These increases come on top of increases from 2008 to 2009 when both nursing home and assisted living costs were up 3.3%.
Costs for home health aides and adult day services were unchanged in the past year. Home health aide costs remain at an average price of $21 per hour, while adult day services costs are still $67 per day.
The market survey, which includes state and major area details, can be downloaded via: www.MatureMarketInstitute.com.
