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Long-Term Care Costs in Georgia Remain Lower Than National Average, Despite Yearly Increases
Here's a breakdown of Georgia's 2024 long-term care trends and how they compare to the national landscape.
STOCKBRIDGE, Georgia -- While the cost of long-term care services across the United States continues to rise, Georgia remains an attractive option for aging residents, with costs still lower than the national average.According to the latest 2024 Cost of Care Survey by Genworth and CareScout, Georgia's long-term care expenses increased in several categories, but the state's costs remain relatively more affordable than those in other regions.
The 2024 Cost of Care Survey, conducted by Genworth and CareScout, reveals an ongoing upward trend in long-term care costs nationwide. While inflation and labor shortages are key factors in this rise, Georgia's rates for services such as home health aides, assisted living, and nursing home care continue to sit below national medians, making the state a more economical choice for many families.
Key Findings for Georgia
The annual median cost for long-term care services in Georgia has seen moderate increases in 2024. Here's how Georgia's 2024 costs stack up:
- Homemaker Services in Georgia saw a 12% increase, with an annual cost of $64,064, compared to the national average of $75,504 (a 10% increase).
- Home Health Aide costs increased by 7%, reaching $66,352 in Georgia, while the national average rose by 3% to $77,792.
- Assisted Living Communities experienced a significant 20% rise, totaling $59,280 in Georgia, compared to $70,800 nationally, which only increased by 10%.
- Nursing Home Care also saw increases, but Georgia's costs for both semi-private ($105,850) and private rooms ($113,150) remained lower than the national averages of $111,325 and $127,750, respectively.
Despite the increase in 2024, the costs in Georgia are still significantly lower across most care categories when compared to national trends. This trend positions Georgia as a more cost-effective option for families seeking long-term care services.
National Trends in Long-Term Care Costs
Nationally, long-term care costs have been outpacing inflation for several years, with a continued rise in labor costs contributing to this shift. The 2024 survey highlighted that nearly all forms of care saw increases, often higher than the general inflation rate, indicating a growing challenge for families to manage the financial burdens of aging care.
A Growing Resource for Georgia Residents
For those considering long-term care in Georgia, the Cost of Care Survey offers an invaluable resource. It provides detailed, up-to-date cost information, helping individuals and families better plan for the future. In addition to the survey data, CareScout offers tools for understanding care options, finding high-quality providers, and planning for the financial aspects of long-term care.
Looking Ahead
As healthcare costs in Georgia remain lower than in many other states, there is an ongoing opportunity for families to take advantage of more affordable options. Whether you're seeking homemaker services or considering a nursing home for a loved one, understanding these trends and staying informed through resources like the Cost of Care Survey will help you make the best choices for your family's needs.
For more detailed information on long-term care options in Georgia, click here.