According to the Genworth Cost of Care Survey 2019, every day until 2030, 10,000 people will turn 65 and 7 out of 10 will require long term care in their lifetime. Below are the national average daily rates and annual costs for various types of senior care, according to the Genworth survey.
TYPE OF CARE | Average daily rate | Annual cost |
Nursing Home (Private) | $280 | $102,200 |
Nursing Home (Semi-private) | $247 | $90,155 |
Assisted Living | $133 | $48,612 |
In Home Care | $144 | $52,624 |