MetLife’s Mature Market Institute releases its annual survey of Nursing Home and Assisted Living costs. The Average rates for a private room in a nursing home remained essentially unchanged nationally from 2007, while semi-private rates increased 1.1%, from $189 daily or $68,985 annually in 2007, to $191 daily or $69,715 annually in 2008, according to the 2008 MetLife Market Survey of Nursing Home & Assisted Living Costs. The MetLife Mature Market Institute reports that average assisted living rates increased by 2.1%, from $2,969 monthly or $35,628 annually in 2007, to $3,031 monthly or $36,372 annually in 2008.
The highest daily rates for nursing homes are in Alaska, $577 for a private room and $566 for a semi-private room. In 2008, the non-metropolitan and non-suburban areas of Louisiana had the lowest daily rates for a private room in a nursing home, averaging $127 per day. The non-metropolitan and non-suburban areas of Minnesota and Oklahoma had the lowest semi-private room nursing home, averaging $121 per day. For assisted living communities, Southern Maine had the highest average monthly base rate at $4,708 and North Dakota had the lowest average monthly base rate at $1,980.
For more information, visit the MetLife Mature Institute.