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Only about 34% of families surveyed by A Place for Mom were prepared for senior living costs in 2023, while over 60% found cost and financing information helpful when selecting a community. The data presented in this report paints a clear picture of how much seniors pay for care.
The national median cost of assisted living in 2024 is $4,995 per month, according to A Place for Mom’s 2024 proprietary data. It’s important to have a clear understanding of what the cost includes and why it may change.
We calculate your loved one’s current cost of living from your responses to a series of questions about common living expenses, like housing, utilities, meals, in-home care, and activities. You can approximate living expenses based on national averages or enter actual values.
Best Places to Retire in the U.S. in 2024. What Is a Retirement Community? A retirement community is a neighborhood or housing complex designed for older adults. These housing options may also be...
Semi-private nursing home room: $8,669. Private nursing home room: $9,733. Clearly, assisted living, when medically appropriate, can be a more economical option than a nursing home. Aging in...
The national median cost of assisted living is $4,995 per month, according to A Place for Mom’s 2024 Cost of Long-Term Care and Senior Living Report. While most people reference average costs, median prices can provide a better idea of what to expect since they aren’t influenced by very high or very low costs.
Then she told me about how much assisted living would cost: $5,000 to $6,000 per month, or, for memory care, $7,000 to $8,000 per month. Each facility has a base fee, which ranges from $2,785 to $4,695 per month.