Woman helping elderly to stand

April 18, 2018 2 min to read

What is the Average Cost of In-Home Senior Care?

Category : Feature

An AARP report shares that, for the first time, older adults will outnumber young people. By 2035, there will be 78 million Americans aged 65 or older in comparison to 76.4 million under 18 years old. Bloomberg adds that it’s going to be harder for aging adults to live independently by 2050. But that doesn’t mean that you can’t opt to live on your own when you advance in age.

There is some truth to everyone wanting to age in place. If you’re interested in living at home with assisted help, you may want to consider in-home senior care.

The Price to Pay for In-Home Senior Care

In-home elderly care service offers the best of both worlds: the benefits of freedom and independence with professional care. For those who have Alzheimer’s or seniors dealing with a loss of mobility, in-home care provides familiarity of surroundings that can have a positive effect on treatments and daily living.

The price for in-home care depends on the amount of time spent by the caregiver at your home. Here’s how your in-home care expenses may be divided:

  • Hourly rates
  • Daily rates
  • Overnight rates

Doctor and old lady posing for a pictureAs expected, however, each state has a median cost of care alongside charges for in-home senior care. Genworth Financial’s survey revealed that the national average for in-home senior care ranges at about $4,000 a month. The median monthly rate in America also comes to about $20 per hour. Some states offer pricier rates compared to the average while other states charge below the median hourly rate.

Here’s a list of the states with senior in-home care rates (average costs) that are higher than the national median cost:

  • Alaska — $26
  • Hawaii — $25
  • Massachusetts — $25
  • Minnesota — $25
  • North Dakota — $27
  • Rhode Island — $25

The states with senior in-home care services (average costs) that lower than the national median cost:

  • Alabama, Arkansas, and Mississippi — $17
  • Georgia, North Carolina, and Tennessee — $18
  • Louisiana and West Virginia — $16

The Checklist

If you plan on spending an average of $4,000 a month for in-home care services, you may want to focus on choosing the kind of service that gives you the most benefits. Pick one that suits your needs and best interests in mind.

To make the most out of your in-home senior care, here are some things that you may want to consider:

  • The kind of qualifications and experience the service care provider has
  • The number of years spent in service and the track record
  • If the caregiver works with a doctor to create a care plan for you
  • If the caregiver has insurance
  • If the caregiver is bonded
  • References for you to check their background

Aging in place is doable, provided your physician signs off on the matter, indicating that you don’t need round the clock medical care. But you need to learn more about services before settling on an in-home care service staff. Ask your family to help you look at several options. And take your time to find the best one that meets your needs and expectations.