Calculator: How much does elder care cost where you live?

The cost of eldercare in the U.S. is a significant challenge for most individuals, with two-thirds of Americans expected to require long-term care as they age. The expenses for services like in-home care, assisted living, or nursing homes can surpass the average income, and health insurers, including Medicare, often cover minimal costs. Location plays a crucial role in costs, with disparities evident across states. 

For instance, assisted living is more than twice as expensive in Rhode Island or D.C. compared to Missouri or South Dakota. The annual cost of a nursing home can range from $73,000 in Oklahoma to $182,000 in Connecticut. Even in less expensive states, home health aides may exceed $160,000 per year. The specific needs of the individual, such as mobility and daily assistance requirements, further impact costs. The four primary types of care—nursing homes, in-home care, assisted living, and adult day care—have variations contributing to varying expenses. 

For more information see Bonnie Berkowitz, Lauren Tierney, and Chris Alcantara “Calculator: How much does elder care cost where you live?”, The Washington Post, December 5, 2023.

Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.