CBS News’ Mike LaPorta reports on the costs and benefits of nursing homes in a new article titled If you want to make the most of your nursing home stay, you can pay more, but you’ll also have to get more comfortable.
A new report from the Institute for Health and Economic Equity finds that the average family needs to spend $3,932 to stay at a nursing home.
The report found that those who live at nursing homes cost an average of $3.84 per day for food, utilities, and transportation.
Those living in the city of Boston and those who are employed also pay an average $2,071.
In cities across the country, such as New York, San Francisco, Los Angeles, and Chicago, those living at nursing home costs average $1,966.
The report found no correlation between how long the stay is and the quality of nursing home care.
The Institute for Hardship and Mortality Studies found that the median stay time for the average patient in a nursing facility was 30 days.
But the average stay time was shorter in rural areas, where residents often live for years without adequate social support and other services.
In New York City, the average time for an elderly patient at a residential care facility was just over three years.
In Chicago, the median time for a patient in the public housing system was less than a year.
In Austin, Texas, it was less.
The average stay times in the cities are often longer than the average for those who get care at a private facility.
In Chicago, it’s three years in the private nursing home system.
In San Francisco the average was about three years, while in Austin it was about two years.
The findings come as the U.S. Department of Housing and Urban Development is evaluating whether to add more affordable housing to the country’s aging population.
The U.N. Population Fund released a report earlier this year that found that for each $1 invested in housing, more than 2.4 people in the U and its territories would be lifted out of poverty.
The study also found that people living in nursing homes spend far less on health care than those living in urban neighborhoods, which may have something to do with the fact that they’re more likely to have health conditions, such in chronic conditions such as hypertension and diabetes, as well as physical ailments such as arthritis.
But in a nation that is increasingly relying on nursing home residents for care, the report found the price of care varies wildly, from $100 a day to more than $100,000 a day.
In some cases, the cost of care for people living at a home is more than triple what it is for those living on the street.
In the most expensive nursing homes with the most nursing homes residents, people are spending more on average than they do in any other population, the Institute said.
That includes residents who are on Medicaid and for-profit nursing homes.
The average annual cost of a home for those residents is more $2.4 million, while the average cost for those not in the Medicaid program is $1.8 million.