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What is the budget of an old age home? A comprehensive guide

According to recent data, the national median monthly cost for senior living in 2024 ranged from approximately $3,065 for independent living to over $10,000 for skilled nursing care. Understanding **what is the budget of an old age home** is critical for making an informed and confident decision about senior care. The final price tag is a complex figure influenced by numerous factors, from location to the level of medical assistance required. This guide breaks down the financial realities to help families plan effectively.