Health and senior care expenses are perhaps the largest contributor to retirement costs and one of the most significant factors the team at Ooma considered when creating their scoring system, which ranks the states that are most expensive to retire in.
Mississippi had the most affordable assisted living costs at $54,943 annually, compared to Hawaii’s high cost of $139,807 annually. That’s a 154% difference that can greatly impact retirement planning. Memory care costs vary widely, from $4,025 in Wyoming to $11,000 in Hawaii. This creates an $80,000 difference between the most and least expensive states.
The hourly private-pay home care rates range from $24 per hour in Mississippi to $43 per hour in Minnesota. Costs like this affect aging-in-place plans. It’s important to note that some states with the highest healthcare expenditures, like Massachusetts, Connecticut, and New York, offer the highest-rated facilities and specialists.
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Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal.
