Assisted living and in-home long term care costs rose more sharply than nursing home care costs this year, according to Genworth Financial Inc.
The average annual cost for a private room in a nursing home rose to $70,912, or $194 a day, up just 2% from the 2005 figures, according to Genworth's study of Medicare-certified nursing homes.
For semiprivate rooms, the annual cost also rose about 2%, to $62,532.
The average annual cost for a private 1-bedroom unit in an assisted living facility rose 7%, to $32,294, according to Genworth, Richmond, Va.
