The cost of long-term care varies widely depending on the type of care, but it also depends largely on where you live.
The folks at GOBankingRates posted a study recently from A Place for Mom that illustrates just how big a difference where you live makes when it comes to paying for an assisted living facility.
The average cost for an assisted living facility is $4,995 per month, and the average cost for an independent living facility for seniors is $3,100 per month. The average national cost for in-home care is $30 per hour. Memory care, a type of long-term care community catered to the specific needs of individuals with dementia, is the most costly, with a national average cost of $6,200 per month, according to A Place for Mom.
However, residents of some states will pay significantly more for these long-term care options. And that’s especially the case for retirees in the Northeast. Here’s a look at the states with the most expensive long-term care, ranked by the average cost for assisted living.
1. New Jersey
Average cost for assisted living: $7,000 per month
Average cost for memory care: $8,498 per month
Average cost for independent living: $3,600 per month
Average cost for in-home care: $33 per hour
2. New Hampshire
Average cost for assisted living: $6,879 per month
Average cost for memory care: $8,850 per month
Average cost for independent living: $4,390 per month
Average cost for in-home care: $33 per hour
3. Massachusetts
Average cost for assisted living: $6,669 per month
Average cost for memory care: $8,500 per month
Average cost for independent living: $3,995 per month
Average cost for in-home care: $35 per hour
4. Delaware
Average cost for assisted living: $6,525 per month
Average cost for memory care: $7,704 per month
Average cost for independent living: $3,534 per month
Average cost for in-home care: $40 per hour
5. Vermont
Average cost for assisted living: $6,495 per month
Average cost for memory care: $10,370 per month
Average cost for independent living: $4,550 per month
Average cost for in-home care: N/A
6. Alaska
Average cost for assisted living: $6,285 per month
Average cost for memory care: $5,000 per month
Average cost for independent living: N/A
Average cost for in-home care: $40 per hour
7. Connecticut
Average cost for assisted living: $6,283 per month
Average cost for memory care: $8,000 per month
Average cost for independent living: $3,930 per month
Average cost for in-home care: $30 per hour
8. Maryland
Average cost for assisted living: $6,078 per month
Average cost for memory care: $7,500 per month
Average cost for independent living: $3,790 per month
Average cost for in-home care: $30 per hour
9. Maine
Average cost for assisted living: $5,915 per month
Average cost for memory care: $9,760 per month
Average cost for independent living: $3,434 per month
Average cost for in-home care: $50 per hour
10. New York
Average cost for assisted living: $5,895 per month
Average cost for memory care: $7,720 per month
Average cost for independent living: $3,350 per month
Average cost for in-home care: $33 per hour
Data is sourced from A Place for Mom and is accurate as of 2023.
