Genworth Survey: 2018 Cost of Assisted Living

Surprised at the Cost of Assisted Living?

If you have just begun your search for assisted living, you may be surprised at the monthly cost. It may be helpful to consult an objective source when considering the fees for assisted living in comparison to other options for care.

Since 2004, Genworth Financial has surveyed long-term care costs on an annual basis. The most recent survey, completed in June 2018, is the most comprehensive study of its kind and is considered a reliable resource for the long-term care industry. The survey covers 440 regions in the United States, with data collected from more than 15,000 providers.

 

  • Assisted Living Costs in Milwaukee-area: 2018

 

Annual

Monthly

Assisted Living Facility One Bedroom (Single Occupancy)

$51,165

$4,264

Home Health Aide, 44 hours a week for 52 weeks

$57,200

$4,767

 

 

 

 

  • Assisted Living Costs in Wisconsin: 2018

 

Annual

Monthly

Assisted Living Facility One Bedroom (Single Occupancy)

$51,600

$4,300

Home Health Aide, 44 hours a week for 52 weeks

$54,912

$4,576

 

 

 

 

 

Assisted living at some Laureate Group communities starts as low as $3,445 per month, or $41,340 per year.

As you know, median means middle, therefore, some people will pay more over the course of a year and some people will pay less. But one important thing to remember about the comparison is that, regardless of the final cost, assisted living includes some things like social activities and scheduled transportation that are just not provided when seniors stay at home with in-home care.

 

 

And most important, assisted living offers 24 hour staffing for round the clock assistance. For answers to your questions about the cost of care and ways to pay for assisted living, contact the Marketing Director at the community of your choice.