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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.
A semi-private room ran $222 daily, or more than $81,000 per year. And the average nursing home stay is 835 days, or more than two years, according to the government's latest National Nursing Home Survey.