Tags: Retirement | affordable | cities | long-term care | retirement

5 Most Affordable Cities for Long-Term Care

By    |   Sunday, 06 Sep 2015 11:17 PM

Health care costs are big concerns for seniors but some cities are more affordable than others for long-term care.

Genworth Financial noted that for 2015, the average adult day health care was about $17,900 annually, while the average annual cost for assisted living in the U.S. was $43,200 and a semi-private room in a nursing home cost on average $80,300.

Here are five cities — and states — that offer value across the spectrum of care needs.

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1. Atlanta — The metropolitan area of Atlanta-Sandy Springs-Marietta, Georgia, was No. 1 on U.S. News and World Report's list of affordable long-term care, the magazine reported, adding that having a health care aide in your home costs about $17 an hour and adult day care costs about $55 daily.

2. Chicago — No. 2 on the U.S. News list was the Midwest’s Chicago-Naperville-Joliet, Illinois, region, the magazine noted, adding that some home health care providers charged as low as $16 an hour.

3. Louisiana — A 2014 study by the insurance provider Genworth called Louisiana the cheapest state for long-term care needs, with an average annual cost of $35,743. Louisiana was followed on Genworth's list by Alabama and Oklahoma.

4. Dallas — The Dallas-Fort Worth-Arlington, Texas, area made the No. 3 ranking on the U.S News list. The magazine noted: "A semi-private room in a Dallas nursing home costs a median of $46,173 a year, the lowest of any major metro area in the country."

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5. Detroit — While Detroit may make the list of tough crime cities as it continues to rebuild its urban core after years of neglect, it remains an affordable place for long-term care. The Motor City, along with nearby suburbs of Warren and Livonia are below the national average, U.S. News noted. However, the costs there are rising quickly, the magazine noted.

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Health care costs are big concerns for seniors but some cities are more affordable than others for long-term care.
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2015-17-06
Sunday, 06 Sep 2015 11:17 PM
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