How much does a nursing home cost?
The cost of nursing home care varies greatly between geographic regions and depends on the type of care required. For example, the costs associated with Alzheimer patients, are likely to be much higher than the costs incurred by a patient with circulatory problems. At the time this is written in 2013, the average cost is generally between $7,000 and $9,000 per month. Like all health care, the costs are climbing fast. The average cost over the past 14 years has increased at a compounded rate of 5% per year. If this rate of increase sustains, nursing home prices will double every 14 years.