According to a new survey from Genworth, an insurance company, the median annual cost of a private nursing home room has risen to $87,600, a 4.4 percent increase from a year ago. Comparatively, the cost of a semi-private room has inched up 2.62 percent to $77,380 per year. Assisted nursing had the smallest increase, at 1.45 percent.
Alaska ranked as the most expensive state for nursing care ($240,900 per year for a private room) while Oklahoma was the most affordable ($57,488).
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