What was the average cost of assisted living per month in 2020?

The average cost of assisted living per month in 2020 was approximately $4,300. This figure reflects the typical expenses associated with living in an assisted living facility, which often includes accommodation, meals, personal care services, and various amenities.

Assisted living costs can vary widely based on factors such as location, the level of care required, and the specific services offered by the facility. The $4,300 figure provides a useful benchmark for understanding the financial expectations for families considering assisted living for their loved ones. Additionally, keeping current financial trends and potential increases in living expenses in mind can help families plan adequately for the costs associated with long-term care.