Wide Variance in Long-Term Care Costs…

October 2000
Journal of Financial Planning;Oct2000, Vol. 13 Issue 10, p19
Academic Journal
This article reports on a study on long-term care costs in the U.S. conducted by MetLife Mature Market Institute. While the average stay in a nursing home in the U.S. costs $153 a day, the cost was $295 in New York City for a private room versus only $90 a day in Hibbing, Minnesota. The study also found the average home-health-care aid costing $16 an hour, but rates ran $24 an hour in Hartford, Connecticut, to a low of half that in San Antonio, Texas. Other samplings of average daily nursing home costs for a private room were $242 in Summit, New Jersey; $200 in Albany, New York, and Cleveland, Ohio; $152 in Phoenix, Arizona; $113 in Detroit, Michigan, and Huntsville, Alabama; and $97 in New Orleans, Louisiana.


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