How Much Does Assisted Living Cost?

The cost of assisted living at some Laureate Group communities can start as low as $3,445 per month, or $41,340 per year. 

Considering that the average length of stay in assisted living is about 2.5 years, consumers are making significant commitments that may exceed $100,000 when added up over several years. Since median means middle, some people will pay more over the course of their stay and some people will pay less. 

Although a person’s financial status is a very private matter, it is very important for consumers to share information regarding the state of a resident’s finances with the facility for planning purposes. Over the course of years, a lot can change.

  • Perhaps the amount of care needed by the resident increased significantly which increased the rate charged.

  • Perhaps the resident had a significant acute hospitalization, which depleted some of the finances.

  • Perhaps there was a significant change in the stock market and what was a $240 per month dividend is now a $2.40 dividend check. Things happen.

How Much Does Assisted Living Cost: Genworth Financial Survey 

 

The cost of assisted living 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

 

 

 

 

 

The cost of assisted living in Milwaukee, Wisconsin (2018)

 

 

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