Tuesday, December 25, 2018
C aring.com examined 11 different socio-economic factors critical to the overall expense of caring for an aging parent. This included their internal data on senior care costs, Genworth's 2017 report on the average cost of senior care in each state, a cost of living index, and other data. “It all comes down to finding that ideal balance between a low cost of living and the accessibility of services,” says New York City-based eldercare advisor Joanna Leefer.
Here is the 10 cheapest states, starting at #10 and counting down to the most affordable state.
- South Carolina
See Nick DiUlio, The 10 Cheapest States for Your Aging Parents in 2018, Caring.com, December 14, 2018.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.