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For instance, the average cost of a private room in a nursing home in Hawaii is $14,113 per month. A similar room in Arkansas, however, costs an average of $6,692 per month, according to Genworth.
The average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month. In 2011, the average rate for a private bedroom at a U.S. nursing home was $239 per day, or nearly $7,270 per month. [5] The average rate for a private bedroom at an assisted living community was $3,477 per month. [5]
However, the Genworth Cost of Care survey reveals that a private room in a nursing home averages $9,733 per month, the cost might not necessarily be all that much higher than a regular nursing ...
Sources. Quarterly Report on Household Debt and Credit [PDF], Federal Reserve.Accessed December 13, 2024. B3-3.1-01, General Income Information (05/01/2024), Fannie Mae.Accessed December 13, 2024.
Sandy suffers from dementia, and moving to a new home could cost between $12,000 and $19,000 a month for care alone, according to Bloomberg, while an apartment for Bob at a senior community would ...
Alabama. Total Monthly Costs: $3,006 Average Monthly Mortgage: $1,275 Average Monthly Expenditures: $1,732 Read More: 8 Things You Must Buy at Aldi While on a Retirement Budget Check Out: 7 Bills ...