Assisted Living Costs Increase 15% from 2004, According to MetLife Mature Market Institute Study

Assisted living costs in the U.S. increased 15% in the past year, according to the 2005 MetLife Market Survey of Assisted Living Costs. The average monthly base price rose from $2,524 in 2004 to $2,905 this year, or $34,860 annually. The highest cost was reported in Boston at $4,629 per month, while the lowest was Jackson, Mississippi at $1,642. The study was conducted for the MetLife Mature Market Institute® by LifePlans, Inc.

Assisted Living Costs Increase 15% from 2004, According to MetLife Mature Market Institute Study
Source: Yahoo! Finance