COST OF NURSING HOME CARE NEARS $100,000 A YEAR!
A one year stay in a New Jersey nursing home costs approximately $98,178, or $268.98 a day. Nationwide the average cost of a single year in a private nursing home is $74,806, which is about 15% more than what nursing home care cost in 2004.
The source of this information is a study conducted by Richmond, Virginia based Genworth Financial. Read the study here.