As more and more people live and age, the more people that will require long-term care. As that need goes up and demand follows, costs for this type of care are expected to rise in the coming years. By 2030, seven out of ten Americans will require long term care at some point in their life.
Rising prices have impacted both private and semi-private rooms per night rates. Unfortunately, these figures are expected to continue on an upward trajectory for the foreseeable future.
Annual Cost for a Semi-Private Room = $94,900
Annual Cost for a Private Room = $108,405
Estimated Annual Totals in 2030
$128,828 – Semi-Private
$141,444 – Private
*Genworth Cost of Care Survey 2021, conducted by CareScout, August 2022; genworth.com/coc
Contact our team for an in-depth discussion on your actual costs for any potential or upcoming long-term care, we look forward to finding the right solution that fits with your abilities and needs. Also, visit our Cost of Care Map to estimate various costs of long-term care by the state you live in.
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