No surprise, but nursing home and assisted living costs are on the rise. MetLife has produced and published its annual “2010 Market Survey of Long-Term Care Costs“. This is a great source to do a check of what is a good, reasonable, or high rate for care in your area (they have national and state-by-state analysis of the costs of nursing home, assisted living, and home health care, a break-down of costs by metropolitan areas within a state, and even an adult day care survey).
What are the costs of care in a nursing home versus assisted living versus home health care (certified aide or companion) in Manhattan, New York City?
| Daily Cost of Care | Low | High | Average |
| Private Room | $275 | $529 | $381 |
| Semi-Private Room | $250 | $489 | $361 |
Which translates to an average of:
- $11,811 per month for a private room or $141,732 per year
- $11,191 per month for a semi-private room or $134,292 per year
Please note: these figures are for New York City (which includes all 5 boroughs). Manhattan nursing homes are at least 15% higher
| Monthly Cost of Care | Low | High | Average |
| Assisted Living Facility | $3,000 | $8,205 | $4,503 |
Which translates to an average of $54,036 a year.
Please note: these figures are for New York City (which includes all 5 boroughs). Manhattan nursing homes are at least 12% higher
| Hourly Rate | Low | High | Average |
| Home Health Aide | $17 | $31 | $21 |
Which translates to an average of:
- $1,363.5 per month for 5 hours/3 days per week, or $16,367.40 per year
- $3,637 per month for 8 hours/5 days per week, or $43,646 per year
- $15,276.25 per month for 24/7 care, or $183,314 per year (this is not a live-in home health aide but rather multiple shifts/ personnel per day; live in rates are usually half of the multiple shift rate)
The study has lots of other great information about costs of care.
Private room nursing home rates rose 4.6% to $229 per day or $83,585 per year, while assisted living rose 5.2% on average to $3,293 per month, or $39,516 per year. These increases come on top of increases from 2008 to 2009 when both nursing home and assisted living costs were up 3.3%.
Costs for home health aides and adult day services were unchanged in the past year. Home health aide costs remain at an average price of $21 per hour, while adult day services costs are still $67 per day.
The highest average daily rates for nursing homes continued to be in Alaska, where rates are now $687 for a private room and $610 for a semi-private room. Costs are lowest in Louisiana, outside the Baton Rouge and Shreveport Metropolitan Statistical Areas (MSA), at an average of $138 per day for a private room.
For assisted living, the Washington, D.C., area had the highest average monthly base rate at $5,231, while Arkansas, outside of the Little Rock MSA, had the lowest average monthly rate of $2,073.
We hope this was helpful. If you have any questions or if you know of a senior that could benefit from our vast array of home care services, please call us at 212-614-8057 or email us at manhattan@homeinstead.com. We accept all types of long term care insurance as payment and provide every level of home care and nursing care for seniors in Manhattan.
Best!
Christian and Claudia
