Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Alternative Investments > Private Equity

Nursing home costs increase in 2008

Your article was successfully shared with the contacts you provided.
  • 1.1%: Percent increase from 2007 to 2008 in rates for semi-private rooms in a nursing home. The average cost in 2008 was $191 daily or $69,715 annually.
  • 2.1%: Percent increase for a room in an assisted living facility from 2007 to 2008. The average cost increased to $3,031 monthly or $36,372 annually in 2008.
  • $386: Average monthly rate for assisted living facilities providing assistance with activities of daily living.
  • $327: Average monthly rate for providing assistance with instrumental activities of daily living.
  • 17%: Percentage of nursing homes associated with an assisted living facility or wing.
  • $79,935: Average annual cost of a private room in the Alzheimer’s unit of a nursing home.

Source: 2008 MetLife Market Survey of Nursing Home Assisted Living Costs