average monthly cost of a one-bedroom unit in an assisted living facility
For the Cost of Long-Term Care Study, over 8,500 nursing homes were surveyed in 2014. 1  The national average annual cost of a private room in a nursing home based on the regions in the study is $97,455 per year.  The national average daily rate for a private room in a nursing home is $267 in the markets surveyed.
The national median monthly rate for a one-bedroom unit in an assisted living facility is $3,500, according to the 2014 Cost of Care Survey released in April by Genworth Financial Inc. of Richmond, Virginia. That's $42,000 per year, an increase of 1.45 percent over 2013. The cost has been rising by an average of 4.29 percent annually over the past five years. Now consider this factoid from Kyllo: The typical assisted living resident has an income of about $19,000 per year. Obviously, most residents must tap additional resources to cover the cost, and the funds often come from the sale of their biggest asset: their homes.