The cost to provide your loved one with long-term care in Central Florida -- or anywhere in the U.S. -- has gone up for the fifth year in a row, according to Genworth Financial.
However, compared to the rest of the United States, Orlando's rates aren't all that bad.
Orlando's state assisted-living costs are lower than about 70 percent of the rest of the states, according to the American Association of Retired Persons.
That's good, but for the past five years, the numbers have been going up about 5 percent a year.
According to Genworth Financial, the cost of putting a loved one into an assisted living facility went up by 25 percent since 2004 to more than $36,000. In Orlando, it's $32,718.
The national average cost of one year in a nursing home has gone up 17 percent since 2004 to $76,000. In Orlando it is slightly less at $75,387.
In 20 years, the elderly population is expected to be double what it was in 2000. But the number of women who provide most of the long term care -- those between 25 and 44 years old -- is only expected to go up in the single digits.
This projected caregiver shortage could drive costs even higher.
Allison Walker, Generation To Generation
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