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Hawai'i, which has the highest cost of living index among all the states, comes second in assisted living costs, at $9,340 per month and just 17 beds for every 1,000 adults over 65.
The cost of elderly care is downright frightening. From home healthcare to assisted-living facilities and nursing homes, it is not cheap -- and it could make a large dent in your retirement ...
People often look for states with lower taxes and less expensive real estate, while salaries may not... Retire Here To Save Money — Top 10 Cheapest States for Assisted Living in 2024 Skip to ...
The monthly fees rise when further care is needed (assisted living average $4,400; nursing care average $8,200). Pay as you go: Residents pay a lower entrance fee (average $238,000), but initial monthly fees (average $2,000) increase when additional care is needed (assisted living average $4,300; nursing care average $7,700)
The cost of living is $1,566 per person, per month, or 1.4 times less expensive than the average in the U.S., per Livingcost. The state offers low property taxes and only a 6% sales tax.
For example, a resident may receive 30, 60, or 90 days of assisted living or nursing care without an increased charge. Thereafter, residents would pay the market daily rate or a discounted daily rate, as determined by the CCRC, for all assisted living or nursing care required and face the risk of having to pay higher costs for needed care. [12]
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