Is Assisted Living More Expensive Than A Nursing Home?

Costs vary from state to state but on average, nursing homes are more expensive than assisted living facilities. In 2020, the average yearly cost of a private nursing home room was $100,375. A high end assisted living facility averaged $84,000 a year.

As you debate between a nursing home or assisted living for your senior, one major deciding factor is going to be the cost.

Which of these two options would be pricier?

Let’s compare the two:

Nursing Home Costs

According to Senior Living.org, in 2020, a semi-private nursing home room may cost $245 a day. That’s $7,441 a month and $89,297 a year.

If you wanted a private room for your senior to live at the nursing home, you may be looking at costs of $275 a day, $8,365 a month, and $100,375 a year.

The current trend of nursing home pricing is on an upward trajectory:

• For a semi-private room in 2016, you would have spent $82,128 a year. That same year, private rooms cost $92,376 annually.
• It’s believed that by 2028, the annual…