Care Home Costs Rise At The Fastest Rate Ever | Live In Care News

CARE home bills are rising at their fastest rate on record; figures showed yesterday.

Annual costs for a care home place jumped 9.6 percent this year – nearly double last year’s 5.2 percent rise.

The average price paid by a pensioner is now a staggering £33,094, up £2,978 on the typical £30,926 paid in 2016.

Care Home Costs

Care Home Costs

The leap in costs has also outpaced the growth in pensioners’ incomes over a more extended period, according to the six-year study in the UK by homecare provider Prestige Nursing + Care.

Since 2012, the cost of the average care home has risen by 23.7 percent from £27,404 (an increase of £6,500), while the average pensioner’s income has increased by 9.9 percent from £13,208 (an increase of £1,314).

The average pensioner’s income would now pay for approximately just five months of care – despite research from Saga showing the average stay in a residential home is 2.5 years, at the cost of £84,760.

In total, the annual cost of a care home now equates to 133.5 percent of the average pensioner’s income, says the study, and many are left with no choice but to sell their homes to pay for their care.

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Care Home Costs Rise At The Fastest Rate Ever Berkshire

Care Home Costs Rise At The Fastest Rate Ever Berkshire

Care Home Costs Rise At The Fastest Rate Ever Berkshire from Bracknell to Reading, Slough to Windsor and Wokingham to Newbury

Care Home Costs Rise At The Fastest Rate Ever Bristol

Care Home Costs Rise At The Fastest Rate Ever Bristol

Care Home Costs Rise At The Fastest Rate Ever Bristol, from Ashley to Bishopston, Cabot to Easton and Hillfields to Lawrence Hill

Care Home Costs Rise At The Fastest Rate Ever Cornwall

Care Home Costs Rise At The Fastest Rate Ever Cornwall

Care Home Costs Rise At The Fastest Rate Ever Cornwall, from Penzance to Bodmin, Newquay to St Austell and Truro to Camborne

Care Home Costs Rise At The Fastest Rate Ever Devon

Care Home Costs Rise At The Fastest Rate Ever Devon

Care Home Costs Rise At The Fastest Rate Ever Devon, from Plymouth to Paignton, Exeter to Exmouth and Torquay to Tiverton

Care Home Costs Rise At The Fastest Rate Ever Dorset

Care Home Costs Rise At The Fastest Rate Ever Dorset<

Care Home Costs Rise At The Fastest Rate Ever Dorset, Bournemouth to Bridport, Poole to Portland and Dorchester to Christchurch

Care Home Costs Rise At The Fastest Rate Ever Gloucestershire

Care Home Costs Rise At The Fastest Rate Ever Gloucestershire

Care Home Costs Rise At The Fastest Rate Ever Gloucestershire, from Cheltenham to Stroud, Gloucester to Tewkesbury and Cirencester to Dursley

Care Home Costs Rise At The Fastest Rate Ever Hampshire

Care Home Costs Rise At The Fastest Rate Ever Hampshire

Care Home Costs Rise At The Fastest Rate Ever Hampshire, from Ringwood to Basingstoke, The New Forest to Portsmouth and Winchester to Southampton

Care Home Costs Rise At The Fastest Rate Ever Oxfordshire

Care Home Costs Rise At The Fastest Rate Ever Oxfordshire

Care Home Costs Rise At The Fastest Rate Ever Oxfordshire, from Banbury to Oxford, Bicester to Didcot and Witney to Abingdon

Care Home Costs Rise At The Fastest Rate Ever Somerset

Care Home Costs Rise At The Fastest Rate Ever Somerset

Care Home Costs Rise At The Fastest Rate Ever Somerset, from Bath to Bridgwater, Chard to Minehead and Taunton to Yeovil

Care Home Costs Rise At The Fastest Rate Ever Surrey

Care Home Costs Rise At The Fastest Rate Ever Surrey

Care Home Costs Rise At The Fastest Rate Ever Surrey from Camberley to Dorking, Egham to Epsom and Farnham to Guildford

Care Home Costs Rise At The Fastest Rate Ever West Midlands

Care Home Costs Rise At The Fastest Rate Ever West Midlands

Care Home Costs Rise At The Fastest Rate Ever West Midlands, from Birmingham to Coventry, Dudley to Sutton Coldfield and Walsall to Wolverhampton

Care Home Costs Rise At The Fastest Rate Ever Wiltshire

Care Home Costs Rise At The Fastest Rate Ever Wiltshire

Care Home Costs Rise At The Fastest Rate Ever Wiltshire, from Swindon to Melksham, Salisbury to Trowbridge and Chippenham to Amesbury

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