The Cost of Care

The cost of long-term care can be expensive depending on:

  • The type of care you need
  • How long you need it
  • Where care is received


The national average costs listed below are only for one year of care. A study by the Center for Retirement Research found that in most cases, care is needed for three years5 - while some individuals need care for a considerably longer period. When planning ahead, you'll also want to take into account the rising cost of care, which on average has risen approximately 3.3%6 per year over the past six years.

In 2016, the national average cost of long-term care for one year in various settings 2:

Long-term care setting Cost
Nursing Home: Private Room $92,376 annually
Nursing Home: Semi-private room $82,128 annually
Assisted Living Facility $43,536 annually
Home Health Care Aide $131.64 hourly
Adult Day Care $48.42 daily

In 30 years, long-term care is projected to cost over $224,000 per year. That's $672,000 to $1,121,000 for a three-to five-year care event.3

The cost of care varies greatly depending on where you live!

Click here to find the average cost of care in your area.

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1Center for Retirement Research at Boston College, "How Can We Improve Long-Term Care Financing," June 2008.
2Genworth 2016 Cost of Care Survey, conducted by CareScout.
3Based on the average annual rate of inflation over the past 30 years ending December 31, 2015 and estimated with the Genworth LTC 2016 Cost of Care web page (https://www.genworth.com/about-us/industry-expertise/cost-of-care.html#)