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CaringForASenior.com is committed to making in-home care accessible to all care seekers. We do this by providing informative articles and resources that can help you understand the options available to you in a time of need. And once you're ready to seek care assistance, we offer a directory of nearby care providers.

The Costs of Home Care and Institutional Care

If you are not acquainted with the average costs associated with home care, it is important to be informed on the average costs. By knowing these figures, you are better able to gauge quality in home care for the elderly for the right price.

It is important to note that medical home care services are more expensive than non medical in home care for the elderly because of the expertise needed to perform these special services. Since nurses, therapists, and registered nursing assistants have specialized training, their rates are generally much higher than those of general caregivers. This is good to point to keep in mind if you are only seeking out non medical at home care.

Below is a short list of median rates for different care services and facilities. These figures are taken from a 2010 Genworth survey that included all 436 metro areas covered in the 2010 Census. 

Median Rates for Certain Home Care and Institutional Care Services

  • National median hourly rate for licensed homemaker services: $18
  • National median hourly rate for licensed home health aide services: $19
  • National median day rate for adult day health care: $60
  • National median monthly rate for a one bedroom, single occupancy assisted living facility: $3,185
  • National median daily rate for a semi-private room in a nursing home: $185
  • National median daily rate for a private room in a nursing home: $206

Medical vs. Non Medical Home Care

The cost of home care can vary greatly.  When looking for specialized care from a social worker, therapist, or nurse, you can expect to pay between $70 - $100 an hour for their services, a significantly higher cost than the median rate of licensed services for in home care for the elderly listed about. Do keep in mind, though, that these are rates for non medical home care services.

For those looking for part-time help, 20 hours of home care companionship can cost $1,500 a month or $18,000 annually, a much smaller figure than the nearly $70,000 annual cost of for a single nursing home resident.

Also, medical home care from licensed professionals is bound to be more expensive due to their level of expertise – a caregiver is not expected to administer medicine or offer physical care, so their rate of service is much lower as a result.

Home Care vs. Nursing Homes

As you can see by the figures, nursing home care is much more expensive than non medical part time in home care for the elderly.  This is one of the many advantages of home care over nursing homes. As such, nursing homes are bound to be more expensive and are not the ideal situation for everyone, especially if you or your loved one does not need constant medical supervision.  For more information on nursing homes, please read up on this senior living resource.  If you think home care is right for you, then use our free resource to find the right agency near you today!