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 savings.
GOBankingRates has identified the best and worst states for senior healthcare by averaging the monthly costs of six critical needs: home healthcare, home health aid services, adult day healthcare, assisted living and semiprivate and private-room nursing homes.
Retire somewhere that won’t break the bank if you need healthcare. Here are the 10 best and worst states you can move to, according to the average cost of senior living. If you don’t want to go broke paying for long-term care during your retirement, consider a move to a state that’s more affordable.
What Is the Average Cost of Senior Healthcare in the US?
In May 2017, GoBankingRates determined the national median monthly cost of six services seniors typically need at some point, based on the 2016 Genworth Cost of Care Survey. Here are the national costs for those services:
Home healthcare: $3,813
Home health aide services (including homemaker services): $3,861
Adult day healthcare: $1,473
Assisted living: $3,628
Semiprivate room nursing home care: $6,844
Private-room nursing home care: $7,698
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