In terms of health care expenses and lost wages of both patients and their caregivers, the cost of Alzheimer’s disease nationwide is estimated to be $100 billion per year. The yearly cost of caring for one Alzheimer’s patient ranges from $18,400 to $36,100 depending on the stage of the disease.
The average direct cost of caring for an Alzheimer’s patient from diagnosis to death is $174,000. According to MetLife market surveys, on average, home health aides cost $19 per hour, the annual cost for an assisted living facility is $34,860, and the daily cost of a private room in a nursing home is $203, which calculates to $74,095 per year.
For more information on Alzheimer’s Disease, visit http://www.alz.org