Assisted Living Cost in 2024

Did you know that around 8 lakh Americans live in assisted care facilities? Now, you can understand how vital assisted care facilities are in the United States.  

If you're looking into assisted living for yourself or a loved one and searching "cost of assisted living near me" on Google, you have come to the right place.

So, let's explore what assisted living is and how much assisted living costs.

Assisted Living

What Exactly is Assisted Living?

Assisted living is a set of facilities that bridge the gap between living independently at home and needing round-the-clock care in a nursing home. 

When you opt for senior assisted living facilities, you will get a private apartment within a community that provides support with daily activities like meals, medication management, bathing, dressing, and transportation. Even some luxury senior living care offers memory care services for patients who have dementia, Alzheimer's, or Parkinson's disease.

The primary aim of assisted senior living is to retain senior citizens' independence so they can enjoy their retirement. 

The average age of seniors living in assisted living is around 85 years old, and with life expectancy rising, more Americans require this level of care. 

But as you know, you must pay for freedom and top-notch hospitality. So, let's get inside the cost of assisted living facilities and discover if assisted living is worth draining your life savings.

Average Cost of Assisted Living  

According to the Genworth Cost of Care Survey data, the monthly average cost of assisted living in the US is around $4,500. That's $54,000 yearly for a bare-bones room!

However, the costs of assisted living facilities in the US range from $3,000 to $7,000, depending on the location and amenities they provide.

Considering luxury seniors living in significant metros, you could easily spend over $10,000 monthly. 

But here's the interesting fact - 70% of assisted living residents eventually transition to memory care as their needs increase. This specialized dementia and Alzheimer's care costs $1,500 to $3,000 more per month.

What Factors Determine Assisted Living Costs?

Unlike buying toilet paper or bananas, assisted living costs vary wildly for different reasons. So, before you start typing "cost of assisted living near me" on Google, let's know the factors impacting the cost of assisted living.

Location: If you opt for a luxury senior living facility in New Jersey over

a small town, expect to pay 50%+ more. The average cost of assisted living in New Jersey ranges from $6000 to $7,097, depending on the amenities.

Room Size & Features:  A spacious studio with a kitchenette, large windows, and a walk-in shower can significantly influence the cost of senior living. Luxury senior living facilities with premium upgrades like custom finishes and advanced technology also bump up prices. 

Staffing & Amenities: More professional caretakers and posh amenities like chef-prepared meals, salons, pools, and gyms also significantly increased assisted living costs.

Health Needs: Some residents at assisted living need extra medical care for issues like diabetes and mobility problems or require closer monitoring and specialized treatment. This also adds a boost to the price of assisted care facilities. 

Especially when you consider memory care services, it costs additional charges for supervised wander guards and secured units.

Average Cost of Assisted Living by State

Now, you have got to know how a state and city can make a massive impact on assisted living costs per month. So, let's explore the average cost of assisted living by state.

State	Daily Cost	Monthly Cost	Yearly Cost
Alabama	$126	$3,828	$45,927
Alaska	$246	$7,463	$89,560
Arizona	$144	$4,371	$52,451
Arkansas	$135	$4,100	$49,304
California	$189	$5,737	$68,842
Colorado	$170	$5,190	$62,285
Connecticut	$185	$5,605	$67,258
Delaware	$215	$6,551	$78,611
District of Columbia	$214	$6,500	$77,988
Florida	$144	$4,371	$52,451
Georgia	$127	$3,863	$46,353
Hawaii	$193	$5,873	$70,481
Idaho	$138	$4,194	$50,320
Illinois	$162	$4,904	$58,843
Indiana	$154	$4,680	$56,155
Iowa	$157	$4,772	$57,263
Kansas	$165	$5,005	$60,056
Kentucky	$123	$3,768	$45,206
Louisiana	$134	$4,096	$49,150
Maine	$211	$6,409	$76,906
Maryland	$176	$5,354	$64,252
Massachusetts	$234	$7,103	$82,233
Michigan	$153	$4,644	$55,729
Minnesota	$162	$4,926	$59,106
Mississippi	$126	$3,825	$45,895
Missouri	$108	$3,278	$39,338
Montana	$160	$4,863	$58,352
Nebraska	$146	$4,454	$53,451
Nevada	$134	$4,098	$49,173
New Hampshire	$217	$6,614	$79,365
New Jersey	$234	$7,097	$85,167
New Mexico	$162	$4,915	$58,974
New York	$165	$5,005	$60,056
North Carolina	$144	$4,382	$52,582
North Dakota	$121	$3,705	$44,469
Ohio	$166	$5,065	$60,777
Oklahoma	$139	$4,212	$50,550
Oregon	$181	$5,513	$66,154
Pennsylvania	$148	$4,480	$53,762
Rhode Island	$245	$7,459	$89,511
South Carolina	$130	$3,947	$47,357
South Dakota	$120	$3,661	$43,938
Tennessee	$148	$4,486	$53,828
Texas	$143	$4,369	$52,418
Utah	$126	$3,825	$45,895
Vermont	$189	$5,737	$68,842
Virginia	$189	$5,737	$68,842
Washington	$215	$6,556	$78,676
West Virginia	$150	$4,546	$54,549
Wisconsin	$165	$5,027	$60,319
Wyoming	$150	$4,556	$54,664

Source: Genworth's Cost of Care Survey Data

 

Before considering any assisted senior living facility, check the average cost to prevent serious budget surprises.

Hidden Costs of Assisted Living

 

Is the advertised monthly rate all you pay at assisted living? There may be some hidden costs of assisted living facilities. 

1. Move-in Fees: Some senior care facilities charge $1,000 to 5,000 for administration, deposits, and the first month's rent.

2. Premium Care Charges:  If you require high-level treatment like wound changes and injections, that may cost you extra.

3. Special Assistance Fees: Need a hand getting dressed daily or close monitoring? You may need to pay more even for basic care. 

4. Memory Care Upcharges: Most dementia, Alzheimer's, or Parkinson's residents pay an additional $1,500+ per month for specialized units and staff.

5. Medical Appointment Transport: Doctor visits mean paying for an assisted living staff member to accompany you.

6. Medication Delivery: Facilities charge marked-up rates for administering meds and prescription delivery fees.

7. Miscellaneous Costs: Some miscellaneous costs like guest meals, salon visits and cable hook-ups appear on your bill, too.

Wrap Up

Explore all available options to find affordable assisted care that fits your budget. The reality is that caregiving carries a hefty tab. But instead of fearing the costs of assisted living in the US, use the guidance above to secure the best living option within your budget. 

Moreover, you can visit Courtyard Luxury Senior Living to embrace life's golden chapters with best-in-class amenities. We provide assisted living and memory care services with 24/7 support, respect and love.