--- title: Leading Independent Survey Finds Assisted Living Remains the Most Cost-Effective Form of Senior Care description: Leading Independent Survey Finds That Assisted Living Remains the Most Cost-Effective Form of Senior Care --- [Argentum Logo\_RGB2](https://argentum.org) Search - [About Argentum](https://argentum.org/about-argentum/) - [Leadership](https://argentum.org/about-argentum/leadership/) - [State Partners](https://argentum.org/about-argentum/state-partners/) - [Membership](https://argentum.org/about-argentum/membership/) - [Media Kit](https://www.argentum.org/advertising-and-sponsorship/) - [Advocacy](https://argentum.org/advocacy/) - [Federal Advocacy](https://argentum.org/advocacy/federal-advocacy/) - [State Advocacy](https://argentum.org/advocacy/state-advocacy/) - [Silver PAC](https://argentum.org/advocacy/silver-pac/) - [Advocacy News](https://www.argentum.org/advocacy/advocacy-news/) - [Events](https://argentum.org/events/) - [Senior Living Executive Conference](https://conference.argentum.org) - [Webinars](https://www.argentum.org/webinars/) - [Executive Director Leadership Institute](https://edli.argentum.org/) - [Chief Executive Summit](https://argentum.org/events/chief-executive-summit/) - [Advocacy Fund Golf Classic](https://www.argentum.org/golfclassic/) - [Senior Living Symposium](https://symposium.argentum.org/) - [Public Policy Institute & Fly-In](https://argentum.org/events/public-policy-institute-fly-in/) - [Media](https://argentum.org/media/) - [Coronavirus Toolkit](https://www.argentum.org/coronavirustoolkit/) - [Press Releases](https://argentum.org/press-releases/) - [Senior Living Executive Magazine](https://argentum.org/media/senior-living-executive-magazine/) - [Argentum Daily](https://argentum.org/media/argentum-e-newsletter/) - [Senior Living Professional](https://www.argentum.org/senior-living-professional/) - [Members in the News](https://argentum.org/topic/members-in-the-news/) - [Search by Topic](https://argentum.org/media/search-by-topic/) - [Research & Initiatives](https://argentum.org/research-and-initiatives/) - [Senior Living Impact](https://seniorlivingimpact.org/) - [Senior Living Works](https://seniorliving.works) - [Senior Living IQ](https://seniorlivingiq.org) - [Women in Leadership](https://www.argentum.org/research-and-initiatives/women-in-leadership/) - [Argentum Quarterly](https://argentum.org/research-and-initiatives/argentum-quarterly/) - [Awards Programs](https://www.argentum.org/research-and-initiatives/awards-recognition-programs/) - [LEAD Program](https://www.argentum.org/lead-program/) - [Standards for Senior Living](https://www.argentum.org/research-and-initiatives/standards-for-senior-living/) - [Professional Development](https://argentum.org/professional-development/) - [Senior Living Supplier Directory](https://seniorlivingsupplierdirectory.com/) - [Senior Living Career Center](http://seniorlivingcareers.argentum.org/) - [Certificate Programs and Certification](https://argentum.org/professional-development/professional-certification/) - [Resource Library](https://www.argentum.org/professional-development/resource-library/) - [Executive Roundtables](https://argentum.org/professional-development/executive-roundtables/) # Leading Independent Survey Finds Assisted Living Remains the Most Cost-Effective Form of Senior Care - [Tweet](https://twitter.com/share) Earlier this week, Genworth Financial released its annual [Cost of Care Survey](https://www.businesswire.com/news/home/20240312022613/en/Genworth-Releases-Cost-of-Care-Survey-Results-for-2023-Twenty-Years-of-Tracking-Long-Term-Care-Costs), one of the most comprehensive studies of its kind, which found that assisted living remains the most cost-effective form of senior care. Key survey findings include: - Assisted living facility rates increased by 1.4% (well below the 3.4% general inflation rate in 2023 as measured by the Consumer Price Index) to an annual national median cost of $64,200. - The cost of a home health aide,which includes “hands-on” personal assistance with activities such as bathing, dressing, and eating, increased 10% to an annual median cost of $75,500. This cost assumes 44 hours of weekly care—round-the-clock care averages $288,000 a year.  - Homemaker services, which include assistance with “hands-off” tasks such as cooking, cleaning, and running errands, increased 7.1% to an annual median cost of $68,600 for 44 hours of weekly care. - The national annual median cost of a semi-private room in a skilled nursing facility rose to $104,000, an increase of 4.4%, while the cost of a private room in a nursing home increased 4.9% to $116,800. - 95% of respondents, regardless of facility type, place a very high importance on the idea of person-centered care. Assisted living communities are not nursing homes or institutional care settings, they are home and community-based settings for older adults that combine housing, supportive services and person-centered care tailored to each resident’s specific needs. Because assisted living improves the care and quality of life for America’s seniors, resident satisfaction remains extremely high. According to the [2023 J.D. Power Senior Living Satisfaction Survey](https://www.jdpower.com/sites/default/files/file/2023-11/2023161%20U.S.%20Senior%20Living.pdf), assisted living communities received a satisfaction score of 837 (on a 1,000-point scale) — higher than industries like travel and hospitality, which received a score of 596. The Genworth Cost of Care Survey 2023 can be found at: [https://www.genworth.com/aging-and-you/finances/cost-of-care.html](https://www.genworth.com/aging-and-you/finances/cost-of-care.html) Topics: [Data](https://blog.argentum.org/topic/data), [Value of Assisted Living](https://blog.argentum.org/topic/value-of-assisted-living) ### Written by [Argentum](https://blog.argentum.org/author/argentum) ## Stay Connected Get updates on the latest news in the senior living community. ### Footer Newsletter - [Contact Us](https://argentum.org/about-argentum/leadership/staff/) - [Terms of Use](https://argentum.org/terms-of-use/) - [Privacy Policy](https://argentum.org/privacy-policy/) - [Trademarks](https://argentum.org/trademarks/) - [Senior Living Supplier Directory](https://seniorlivingsupplierdirectory.com/) - [Senior Living Career Center](https://https://seniorlivingcareers.argentum.org/) - [Cookie Policy](https://www.argentum.org/cookie-policy/) [![Review](https://www.argentum.org/wp-content/uploads/2020/02/GPTW-2020-2021-Graphic.png)](http://www.greatplacetowork.com/certified-company/7011541)1650 King Street, Suite 602 Alexandria, VA 22314 [(703) 894-1805](tel:703-894-1805) Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States. ©2026 Argentum - [LinkedIn](https://www.linkedin.com/company/alfa---assisted-living-federation-of-america) - [Facebook](https://www.facebook.com/ArgentumSeniorLiving/) - [Twitter](https://twitter.com/argentum) - [YouTube](https://www.youtube.com/user/assistedlivingfed)