Median private nursing home room is now $87,600 a year

The median cost of a private nursing home room in the U.S. is now $87,600 a year, an increase of 4.4 percent over last year, according to a study by the Genworth Financial insurance company.

The median cost of a semi-private room is $77,380, up 2.6 percent.

For assisted living facilities, the median rate is now $3,500 a month, according to the study. The national median rate for home health aides is $20 an hour, up 1.6 percent over last year.

Alaska is the costliest state for nursing home care; the median price for a private room there is a whopping $240,900. Oklahoma is currently the most affordable state, with an annual median private-room cost of $57,488.

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