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Fact #1: You could spend $96,000 a year on nursing home care. The figures vary by region, but A Place for Mom, a senior living referral service, pegs the average cost of a nursing home room at anywhere from $4,000-$8,000 a month. For that price, you may not even get your own room â you may have to share your space with someone else.
4. Assisted Living Costs are Lower Than You Think. Assisted living is often less expensive than home health or nursing home care in the same geographic area. According to the 2012 A Place for Mom Cost of Senior Care Survey, the national average rate for a one-bedroom apartment is approximately $3,300 per month.