Thomson ReutersApril 17, 2014 14:41
By Mark Miller
CHICAGO (Reuters) - Location, location location: Not only is it key to the value of real estate, it's also a big driver of the cost of long-term care.
A study of long-term care costs in the United States released this week shows that the cost of long-term services and support varies dramatically by location. For example, the national median cost of a private nursing home this year is $87,600 - but it's $155,125 in Connecticut, $87,180 in Ohio and $57,487 in Oklahoma.