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What is the average cost of assisted living in the US? The average cost of assisted living in the United States can vary depending on the location and level of care needed. However, on average, the cost can range from $3,500 to $5,000 per month.
The District of Columbia, which has the highest cost of assisted living of any state, has an annual cost of $135,450, a 10.38% increase from 2018. This means that an assisted living facility costs about $11,288 per month. The annual cost in D.C is also over $50,000 more than the second-highest state, New Hampshire, which costs $84,255.
Across the U.S., average assisted living costs were $4,401 per month in 2023 – an 8% increase from $4,057 just two years earlier. Between 2021 and 2023, assisted living costs rose in 30 states, fell in 15 states and remained relatively flat in six states, meaning average monthly rent rose or fell by less than $90 per month.
The national monthly median cost of assisted living in 2023 is $4,774, according to the Genworth Cost of Care survey. However, costs can vary significantly by city and state.
Prices for basic assisted living range from an average of $36,000 a year in Missouri to $83,730 in the District of Columbia, and the cost rises with the level of care a resident needs.
The most affordable state in the United States for assisted living in 2023 is Missouri, with an average monthly cost of $2,881 for a 1-bedroom assisted living apartment. The top 5 most affordable states for assisted living in the U.S. in 2023 are: Missouri, Arkansas, Alabama, Georgia and Nevada.
Monthly Median Costs: USA - National (2023) In-Home Care. Community and Assisted Living. Nursing Home Facility. Change weekly In-Home Care hours. (Only available with Daily, Monthly, or Annual Cost by Period) Explore the trends in care costs over time. VIEW TRENDS & INSIGHTS. Next Steps: Plan for Long Term Care. Key Cost of Care Findings.
In 2024, the average national cost of assisted living is roughly $5,665 per month. Due to a growing shortage of qualified caregivers, facilities must pay more to secure the right people. Recent hikes in minimum wage requirements and changes in overtime payment legislation are also increasing assisted living costs.
The cost of assisted living can vary greatly from state to state. Factors such as location, amenities, and level of care provided can all influence the cost. It’s important to have a clear understanding of the average cost in your state to make an informed decision.
Genworth Financial's 2023 Cost of Care Survey reports that the median cost of assisted living facilities is $5,350 per month. Meanwhile, the American Health Care Association and the...