The current National Median Cost of Care for an Older Adult Living in Assisted Living is $4635, compared to last year at $4,500.
The whole nation can see the cost of care rising. Are Phoenix Senior Care Facilities still struggling from the impact of COVID-19? Has the cost of Operations & Gas, or Caregiver Crisis impacted the confidence for Operators to charge the National Average?
Though we see a lot of changes in the Assisted Living Industry “Mostly with a Positive Impact”, why are we dropping in availability? In 2019, INtouchSS released the City & State Tru Statistics with 1801 Assisted Living Homes in Arizona- Directed Care. Today there are only 1637 providing Directed Care.
With the City of Phoenix’s Housing Plan for 2030 showing the need of thousands more beds, what will happen to Arizona in 2030 if a couple hundred more Assisted Living Homes close down?
Many Residential Assisted Living Homes in Arizona has been the main provider for Low Income Older Adults in their transitional period (until they get approved on ALTCS, sell their house, get a court appointed Fiduciary, etc). If an Older Adult with $1,900/month fixed income can’t find housing in a Residential Assisted Living Home until funding is available, where will they Live?
Tucson’s Monthly Median Cost of Care is higher than Phoenix, currently at $4,172.
Phoenix, is $451/month behind the National Average Cost of Care at $4,094/month for 2022.
All information gathered from Genworth, AZDHS, INtouchSS
Author: Ligia
Aging Specialist