NU Online News Service, March 4, 2:04 p.m. – GE Long Term Care Insurance, San Rafael, Calif., says the average cost for a year in a nursing home in one of the 10 most expensive areas in the United States is about $80,000.
The national average cost is $54,900, GE says.
GE bases those figures on a survey of 2,462 skilled and intermediate care nursing homes. The homes were situated in all 50 states.