In 2014, the United States spent $212 billion on nursing home care from Public and private payers. Nursing home care is a major expense in our country, yet much of that expenditure could have been avoided by making use of less costly alternatives for senior care. In 2014 the average costs for various types of senior care were:
- Average annual cost of a nursing home resident - $73,000.
- Average annual cost of an assisted living facility resident - $37,000.
- Average annual cost of providing non-medical in-home senior care - $21,980.