Assisted Living Averages $2,159 Per Month in U.S. MetLife Mature Market Institute Study Finds.Business Editors WESTPORT Westport, residential town (1990 pop. 24,407), Fairfield co., SW Conn., on Long Island Sound at the mouth of the Saugatuck River; settled 1645–50, inc. 1835. It serves as a popular residence for New York City commuters. Westport has a summer theater. , Conn.--(BUSINESS WIRE)--May 29, 2002 The average cost of an assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facility in the U.S. is $2,159 per month, or $25,908 per year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the MetLife Assisted Living Market Survey 2002. The study, the first of its kind, produced for the MetLife Mature Market Institute by LifeCare, Inc., found that the highest monthly average was New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at $3,696 while the lowest was Jackson, Mississippi Jackson is the capital and the most populous city of the U.S. State of Mississippi. It is one of the county seats of Hinds County; Raymond is the other county seat. As of the 2000 census Jackson's population was 184,256. at $592. Assisted living facilities provide a way for older adults to retain a relatively independent lifestyle in a residential atmosphere with some assistance and support. While the types and sizes of facilities vary, all provide meals in a social setting and are staffed with people who can provide different levels of help with Activities of Daily Living (ADL's) like bathing and dressing. They can range from a small home to a large apartment-style complex. "As the population ages and medical advances continue, assisted living facilities will become more and more desirable and necessary for older Americans," said Sandra sandra (sänˑ·dr  ),adj Timmermann, Ed.D., director of the MetLife Mature Market Institute. "While many people will have some cause to leave their homes, they will not necessarily need the level of care provided by nursing homes, which cost an average of $61,000 per year. Assisted living can bridge those in-between in-be·tween adj. Intermediate: Adolescence is an awkward, in-between age. n. An intermediate: conservatives, radicals, and in-betweens. Adj. 1. years or simply provide another option for those who require some help with their day-to-day day-to-day adj. 1. Occurring on a routine or daily basis: the day-to-day movements of the stock market. 2. activities. Since most long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance policies cover assisted living facilities, this is yet another reason for people to explore the need for that product."
Here is a breakdown of costs for various regions in the 50 states and
the District of Columbia:
LOCALITY AVERAGE COST(1) LOCALITY AVERAGE COST(1)
Statewide Total, AK $2,379.20 Jackson, MS $592.00
Birmingham, AL $1,444.00 Billings, MT $2,432.00
Montgomery, AL $1,811.00 Charlotte, NC $2,687.00
Little Rock, AR $1,121.11 Raleigh, NC $2,454.40
Phoenix, AZ $1,705.00 Statewide Total, ND $1,445.80
Tucson, AZ $2,364.62 Omaha, NE $1,977.90
Los Angeles, CA $1,524.64 Manchester, NH $3,334.00
San Diego, CA $1,639.79 Bridgewater, NJ $3,083.80
San Francisco, CA $3,071.15 Cherry Hill, NJ $2,571.40
Colorado Springs, CO $1,725.00 Albuquerque, NM $1,720.00
Denver, CO $1,892.80 Las Vegas, NV $1,433.75
Hartford, CT $2,324.00 New York, NY $3,696.66
Stamford, CT $3,564.00 Rochester, NY $2,312.00
Washington, DC $2,974.70 Syracuse, NY $2,183.00
Wilmington, DE $3,369.50 Akron, OH $2,556.60
Jacksonville, FL $1,622.00 Cleveland, OH $2,439.00
Miami, FL $1,410.00 Columbus, OH $2,832.50
Orlando, FL $1,560.00 Oklahoma City, OK $1,943.50
Alpharetta, GA $2,070.00 Tulsa, OK $2,398.00
Atlanta, GA $2,234.63 Eugene, OR $2,255.00
Honolulu, HI $3,250.20 Portland, OR $1,911.00
Des Moines, IA $2,109.00 Philadelphia, PA $1,910.64
Boise, ID $2,530.00 Pittsburgh, PA $2,147.75
Chicago, IL $2,783.80 Scranton, PA $1,354.20
Elgin, IL $2,794.40 Providence, RI $2,320.00
Highland Park, IL $3,084.00 Charleston, SC $1,903.00
Peoria, IL $2,147.20 Columbia, SC $2,382.00
Fort Wayne, IN $2,632.00 Dell Rapids, SD $1,856.00
Indianapolis, IN $1,677.50 Memphis, TN $2,045.00
Wichita, KS $2,082.50 Nashville, TN $1,602.00
Lexington, KY $2,318.50 Dallas, TX $1,372.00
Louisville, KY $2,001.66 Fort Worth, TX $1,755.00
New Orleans, LA $2,164.90 Houston, TX $1,552.00
Shreveport, LA $1,380.00 Salt Lake City, UT $1,694.00
Boston, MA $2,804.00 Alexandria, VA $3,011.20
Worcester, MA $2,635.00 Arlington, VA $2,716.10
Baltimore, MD $2,045.00 Richmond, VA $1,750.50
Silver Spring, MD $2,775.00 Rutland, VT $1,768.00
Brunswick, ME $2,325.20 Seattle, WA $2,189.00
Detroit, MI $1,179.00 Spokane, WA $2,660.00
Grand Rapids, MI $1,509.72 Madison, WI $2,273.50
Minneapolis, MN $2,090.85 Milwaukee, WI $2,282.80
Saint Paul, MN $2,766.60 Statewide Total, WV $1,775.00
Kansas City, MO $1,337.00 Statewide Total, WY $1,242.50
Saint Louis, MO $2,113.20
(1) There may be extra charges for ADL assistance beyond the base
cost, or for Alzheimer's disease or related conditions.
The MetLife Assisted Living Market Survey 2002 was conducted by telephone. The states were divided into three groups according to population - under three million, three million to six million and more than 10 million. In the least populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. states, one area was surveyed. In the mid-range, two were surveyed and in the most populous pop·u·lous adj. Containing many people or inhabitants; having a large population. [Middle English, from Latin popul states, three were surveyed. Five facilities, or 10% (whatever number was greater), were surveyed in each area selected. All facilities surveyed were state-licensed and free-standing free-standing Managed care adjective Referring to a physically and, often, financially discrete entity–eg, a surgical center, that is separate from, but may be affiliated with, a hospital; FS facilities may provide ambulatory surgery, emergency or (not part of a larger retirement community or care facility that includes a nursing home or independent living unit). According to a 2001 National Center for Assisted Living survey, approximately two-thirds of assisted living residents paid for their stay out-of-pocket and about 13.5% paid with Supplementary Security Income (SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. ) funds. Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. does not cover assisted living. The MetLife Mature Market Institute is the company's focal point focal point n. See focus. and resource center for issues concerning aging, retirement, long-term care and the mature market. The Institute, staffed by gerontologists, provides training and education, consultation and information to support MetLife, its corporate customers and business partners. MetLife, a subsidiary of MetLife, Inc. (NYSE NYSE See: New York Stock Exchange : MET), is a leading provider of insurance and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to individual and institutional customers. The MetLife companies serve approximately 10 million individual households in the U.S. and companies and institutions with 33 million employees and members. MetLife also has international insurance operations in 13 countries. For more information about MetLife, please visit the company's Web site at www.metlife.com. |
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