Nursing Home Costs Average $70,080 per year in U.S., Home
care is $18 Per Hour: 2004 MetLife Mature Market Institute Survey Reports
The average daily cost of a private room in a nursing home in the United States is
$70,080 per year, or $192 per day, according to the 2004 MetLife Market Survey of Nursing Home and Home Care
Costs, released today by the MetLife Mature Market Institute. The highest rates were reported in the state of Alaska
where the cost is $204,765 per year or $561 per day on average. The lowest rates were found in Shreveport,
Louisiana at $36,135 per year or $99 per day. The average length of stay in a nursing home for current residents is
2.4 years, which makes the average cost of a nursing home stay approximately $168,192. Read more...