Best And Worst States for Affordable In-Home Care

For seniors choosing a location to spend their retirement years, a state’s annual cost of in-home services can make it more attractive—or the opposite.

For this reason, personal finance website WalletHub took states’ annual cost of in-home services into consideration when compiling its list of 2016’s Best & Worst States to Retire.

WalletHub’s analysts compared all 50 U.S. states and Washington, D.C., across three dimensions: health care, affordability and quality of life. The 51 regions were also compared across 24 metrics, one of which was the annual cost of in-home services.

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The annual cost of in-home services is lowest in Louisiana and highest in North Dakota, the research revealed. Alabama, Mississippi and West Virginia are tied for the second-lowest annual cost of in-home services, followed by Arkansas.

On the flip side, after North Dakota, the states with the highest annual cost of in-home services are Alaska, Hawaii, Massachusetts and Washington.

Few of the states that rank among the highest or lowest annual cost of in-home care services made the list for the top-10 “best” or “worst” states to retire.

In 2016, the top-five best states to retire are Florida, Wyoming, South Dakota, South Carolina and Colorado, WalletHub concluded. The top-five worst states to retire are Rhode Island, Washington, D.C., Hawaii, Connecticut and Vermont.

In October 2015, WalletHub looked at the 150 most-populated U.S. cities to determine where in-home care services cost the most and the least. Cities with the highest annual cost of in-home services included Seattle and Tacoma in Washington, and San Francisco, Oakland and Fremont in California.

Cities with the lowest annual cost of in-home services included Brownsville, Texas; Shreveport, Louisiana; Montgomery, Alabama; Fayetteville, North Carolina; and El Paso, Texas.

The cost of in-home services was twice as much in the highest cities as the lowest cities, WalletHub said at the time.

Written by Mary Kate Nelson

Photo courtesy of Lindsey G

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Mary Kate Nelson
Assistant Editor at Aging Media Network
When not in the newsroom, Mary Kate can reliably be found reading on her back porch, marathoning TV shows she’s already seen or overspending at Trader Joe’s.

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