Nursing home room costs increase by 7% to 9% as all long-term care costs rise

The cost of a room in a nursing home rose between 2023 and 2024, with semi-private rooms seeing a 7% increase to $111,325, and private rooms a 9% jump in cost to $127,750. These cost of care increases for the sector fall somewhere in the middle compared to other long-term care settings, according to a survey released by Genworth Financial and CareScout.