Long-Term Care Costs Projected to Rise, Exceeding $74,000 Annually for Assisted Living by 2025
The cost of long-term care in the United States is projected to continue its upward trend, with significant financial implications for individuals and families. According to the CareScout Cost of Care Survey, the median monthly cost for assisted living facilities is expected to reach $6,200 in 2025, translating to approximately $74,400 per year. This represents a 5% increase from the previous year, outpacing general inflation. Home care services are also substantial, with a median hourly rate for a non-medical caregiver estimated at $35 in 2025. For 44 hours of care per week, this amounts to roughly $80,000 annually. Nursing home care remains the most expensive option, with a semi-private room projected to cost $315 per day, or about $115,000 annually, and a private room at $355 per day, or nearly $130,000 per year. These figures highlight the substantial financial burden associated with long-term care.
