New Jersey Nursing Home Costs and Star Ratings Updated 14. March 2016 RenataLaszuk NursingHome, Planning for Retirement Care, Senior Caregiving (0) New Jersey is known as the Garden State and is home to Bruce Springsteen, Snooki, and the Statue of Liberty. It’s also the sixth most expensive state to live in, based on Council for Community and Economic Research Cost of Living Index for the first quarter. It’s no wonder, then, that New Jersey ranks 7th most expensive in Caregiverlist’s national nursing home cost database, with an average room rate of $301.68 per day, or about $110,000 annually. New Jersey nursing homes factor greatly in the state’s economy, contributing $5.4 billion to local and state coffers. They also employ over 55,000 full-time workers, according to one report. That report states that New Jersey's elderly population is projected to increase by 27.2 percent between 2010 and 2020, and by an additional 27.1 percent between 2020 and 2030, meaning there will be approximately 1.9 million elderly residents by 2030. Data shows that 35 percent of the elderly population will need some sort of nursing home care (both short- and long-term) during their lives. That puts the number of beds needed at 665,000. Currently, there are just under 55,000 beds in New Jersey nursing homes. New Jersey senior care planning includes understanding costs of nursing homes in the chosen area, along with their overall ratings. Most people don’t know how much nursing home care costs and few people think of the cost of care until it’s too late to plan. Long-term senior care costs are among our readers’ top concerns. Because of that, Caregiverlist constantly updates our nursing home cost database and have released the latest costs and ratings for New Jersey nursing homes. Below is a snapshot of New Jersey nursing home costs and ratings: Total Number of Nursing Homes: 376 Average Single Price: $312.40 Average Double Price: $290.97 Average Rating: 2.8 (out of 5) Star Rating Snapshot: 5-Star: 9 4-Star: 124 3-Star: 194 2-Star: 41 1-Star: 8 In-home caregiving is an alternative to institutional care If around-the-clock care is not needed. The average yearly rate for professional senior home care in New Jersey is approximately $48,500. A quality home care agency will provide liability and worker's compensation insurance and payroll taxes as required by law. The New Jersey nursing home with the highest Caregiverlist Nursing Home Rating is Saint Anne Villa in Florham Park. However, this facility is only available to the infirm and retired Sisters of Charity of St. Elizabeth. Next on the list New Community Extended Care Facility in Newark (4.4 stars), a nursing home with 180 beds whose daily single-room cost, $325, is 3.88% higher than the average single price of $312.40. Another top rated facility, Sunnyside Manor in Manasquan (4.2 stars), is a 54 bed facility whose daily single-room cost, $276, is 13.19% lower than the average price of a single room. Caregiverlist can provide a care plan to find senior home care agency options in New Jersey and help you learn about the costs for senior care. Seniors and their family caregivers can research nursing home costs and ratings in any state nationwide through the Caregiverlist Nursing Home Directory, the only resource with this trademarked information.