The 10 Cheapest States for Your Aging Parents
In studying the cost of growing old in all 50 states, Caring.com examined 11 different socio-economic factors critical to the overall expense of caring for an aging parent. These included Caring.com’s internal data on senior care costs, Genworth’s 2017 Cost of Care Report on the average cost of senior care in each state, the Council for Community and Economic Research’s Cost of Living Index, and AARP’s Long Term Services & Supports State Scorecard.
“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 and advocate Joanna Leefer. “That’s where you’ll be able to stretch your dollar the furthest in caring for an aging parent.”
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