Understanding the Costs of Care

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The World’s Population is Aging at a Faster Rate Than Ever Before

Every day until 2030, 10,000 Baby Boomers will turn 65, and 70% will require long-term care in their lifetime.

The cost of that care varies based on care setting, geographic location and level of care required, among other factors. One thing is true across the board though: senior care is expensive and it continues to increase year after year. Understanding these costs is the first step to helping you and your family plan for it.

To help your family prepare, here are the median annual costs by level of care and type of setting according to the 2020 Genworth Cost of Care Survey.

The Genworth Cost of Care Survey is released every year and is considered the industry standard for determining the average cost of senior care across the country.

The Following Data is Based on the Genworth Cost of Care Survey, Conducted by CareScout® in August 2020. The Costs Reflect 44 Hours per Week over 52 weeks.

Home Health Aide Services

 

Top 5 Most Expensive States

Top 5 Least Expensive States

1 Minnesota $75,504

47 Arkansas $45,760

2 Washington $72,369 

48 Mississippi $42,328

3 Rhode Island $70,928

49 West Virginia $42,328

4 Hawaii $68,640

50 Alabama $41,184

5 Massachusetts $67,793

51 Louisiana $38,896

Adult Day Health Care

 

Top 5 Most Expensive States Top 5 Least Expensive States
1 Maine $41,600 47 Ohio $15,600
2 Wyoming $39,000  48 South Carolina $15,470
3 Alaska $36,660 49 North Carolina $15,340
4 Vermont $35,750 50 Texas $8,377
5 Oregon $30,984 51 Alabama $7,865

Assisted Living Facility

 

Top 5 Most Expensive States

Top 5 Least Expensive States

1 Delaware $80,280

47 Arkansas $42,000

2 New Hampshire $79,800

48 Georgia $42,000

3 New Jersey $79,800

49 Utah $40,800

4 Alaska $79,590

50 Alabama $37,800

5 Connecticut $75,600

51 Missouri $36,000

Skilled Nursing (Semi-Private Room)

 

Top 5 Most Expensive States

Top 5 Least Expensive States

1 Alaska $448,950

47 Arkansas $148,190

2 Connecticut $155,125

48 Louisiana $66,430

3 Massachusetts $151,475

49 Oklahoma $63,875

4 District of Columbia $149,650

50 Missouri $60,955

5 Delaware $148,190

51 Texas $60,225

Skilled Nursing (Private Room)

Top 5 Most Expensive States Top 5 Least Expensive States
1 Alaska $436,540 47 Arkansas $78,475
2 District of Columbia $172,280 48 Texas $76,650
3 Connecticut $167,900 49 Louisiana $70,080
4 Hawaii $165,619 50 Oklahoma $69,350
5 Massachusetts $162,425 51 Missouri $68,985

Download Genworth’s Full Report on the 2020 Average Costs of Long-Term Care in Your State

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