logo AyiConnect Staff, Apr 04, 2023
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Read 41 minutes ago
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  • In general, average eldercare rates have risen about 6% across the US with an average of $15/hr
  • Trend 1: Growing Demand: As the Baby Boomer generation continues to age, there is a growing demand for elder care services. This increased demand has put pressure on the supply of caregivers and care facilities, which can drive up prices.
  • Trend 2: Increased Labor Costs: The cost of labor is a significant factor in the cost of elder care, and labor costs have been increasing in recent years due to a tight labor market and minimum wage increases in some states.
  • Trend 3: Higher Operating Costs: Care facilities have higher operating costs due to rising energy costs, maintenance costs, and medical supplies and equipment costs.  
  • Trend 4: The COVID-19 pandemic has increased the cost of elder care due to increased safety measures, such as personal protective equipment (PPE) and additional staffing to manage infection control protocols.

General rates for In-Home the US elder care market
 

Location

Hourly Rate

National Average

$14-$20/hour

Northeast

$16-$18/hour

Midwest

$13-$17/hour

South

$14-$16/hour

West

$15-$20/hour

Factors for determination:

  • Level of care required
  • Type of services needed
  • Number of hours required per week
  • Caregiver's level of training and expertise
  • Distance/location

Data note: AyiConnect compares data from Q1 2023 to Q1 2022, based on thousands of job listings. The sample size is the combined total across both periods.

Learn more about Spanish-speaking caregivers here and Chinese-speaking caregivers here.  

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