How much do nursing homes cost? In 2023, the median cost of a private room in a nursing home in the U.S. was around 116,800 U.S. dollars per year. This grew from 92,400 U.S. dollars in 2016 and will reach 166,500 U.S. dollars by 2035 (based on an annual inflation rate of three percent). However, these are national averages, the cost of nursing homes vary widely by state.
Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035
(in U.S. dollars)
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Genworth. (February 22, 2024). Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035 (in U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/
Genworth. "Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035 (in U.S. dollars)." Chart. February 22, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/
Genworth. (2024). Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/
Genworth. "Median Annual Cost for a Private Room in Nursing Homes in The U.S. from 2016 to 2023 with a Forecast for 2025-2035 (in U.S. Dollars)." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/
Genworth, Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035 (in U.S. dollars) Statista, https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/ (last visited December 19, 2024)
Median annual cost for a private room in nursing homes in the U.S. from 2016 to 2023 with a forecast for 2025-2035 (in U.S. dollars) [Graph], Genworth, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/1536183/cost-nursing-home-annually-us-with-forecast/
