2026 National Senior Care Cost Index • Updated with U.S. Census ACS & CMS Medicare Data Covering 51 States & DC • 29,639 Cities • 14,676 CMS Facilities
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Senior Care & Assisted Living Costs in Ely, MN

2026 monthly care rates for Ely (Saint Louis County), local Census affordability metrics, and 1 CMS-certified care facilities.

Assisted Living🏠
$6,010/mo
$72,120/yr
-3% vs U.S. avg
Memory Care🧠
$7,330/mo
$87,960/yr
-3% vs U.S. avg
In-Home Care🤝
$33.95/hr
$6,470/mo (44h/wk)
-3% vs U.S. avg
Nursing Home (Semi)🏥
$9,290/mo
Private: $10,470/mo
-3% vs U.S. avg

2026 Long-Term Care Financial & Runway Simulator

Models eldercare inflation, home equity liquidation fees (7%), income offsets & Medicaid spend-down rules.

1. Select Care Setting & Schedule
Assisted Living$6,010/mo
Memory Care$7,330/mo
Home Care$33.95/hr
Nursing Semi$9,290/mo
Nursing Priv$10,470/mo
Planning Horizon 3 Years (36 mos)
Average U.S. assisted living stay: 28–36 mos
Annual Care Inflation 4.0% / yr
Historical eldercare inflation: 3.5%–4.5%/yr
2. Monthly Income & Insurance Offsets
Social Security & Pension ($/mo)
LTC Insurance / VA Benefit ($/mo)
VA Aid & Attendance up to $2,358/mo
3. Capital & Home Equity Reserves
Liquid Savings & IRA ($)
Home Value / Equity ($) Net: $287k
Auto-deducts 7% realtor & closing costs
Total Projected Care Cost
$0
Year 1 → Year 3
Net Out-of-Pocket Gap
$0
Initial monthly shortfall: $0/mo
Annual Care Cost vs. Remaining Capital End Balance: $0
Annual Care Cost (Inflation-Adjusted) Remaining Net Capital
2026 Cost Crossover Analysis

Home Care vs. Assisted Living Break-Even Point in Ely, MN

40.9 hrs/wk Break-even threshold

At Ely, MN's average caregiver rate of $33.95/hr, hiring in-home care equals the $6,010/mo cost of Assisted Living at exactly 40.9 hours per week (~5.8 hrs/day).

Part-Time Care (15 hrs/wk) Crossover: 40.9 hrs/wk 24/7 Shifts (168 hrs/wk)
Home Care Cheaper 20 hrs/wk at Home
$2,942/mo

Saves $3,068/mo vs. Assisted Living (excludes home mortgage/utilities).

Full-Time Benchmark (44h/wk) 44 hrs/wk vs. Assisted Living
$6,473 vs. $6,010/mo

Full-time home care costs $463/mo more than Assisted Living (where meals & utilities are included).

Facility Cheaper 80+ hrs/wk (Day + Night)
$11,768/mo

Assisted Living saves $5,758/mo; Memory Care averages $7,330/mo.

Ely vs. Minnesota & U.S. Averages

Monthly Assisted Living cost comparison adjusted for Saint Louis County economic indicators.

Ely, MN$6,010/mo
Minnesota State Average$6,010/mo
U.S. National Median$6,200/mo

Saint Louis County Economic Context (U.S. Census)

Official ACS 5-Year benchmarks used to model local care affordability (see methodology).

Median Household Income $89,564/yr ($7,464/mo)
Median Home Value $308,715
Median Gross Rent $1,229/mo
Minnesota Medicaid Limit (2026) $2,901/mo

CMS-Certified Senior Care & Nursing Facilities in Ely, MN

Official Medicare provider registry showing certified bed capacity, ownership structure, and CMS 5-star quality ratings.

Boundary Waters Care Center
200 West Conan Street, Ely, MN 55731 • 2183658714
38 Certified Beds Non profit - Corporation CCN: 245138
5/5 CMS Rating

Frequently Asked Questions About Senior Care in Ely

The estimated median cost of assisted living in Ely, MN is $6,010 per month ($72,120 per year), adjusted for Saint Louis County housing and income data.
A semi-private room in a skilled nursing facility in Ely averages $9,290 per month, while a private room averages $10,470 per month.
In-home caregiver services in Ely, MN average $33.95 per hour, or roughly $6,470 per month for 44 hours of weekly care.
For 2026, the standard monthly income cap for Medicaid nursing home and HCBS waiver eligibility in Minnesota is $2,901 per individual applicant.

Compare Senior Care Costs in Nearby Minnesota Cities

Winton, MN $6,010/mo Babbitt, MN $6,010/mo Soudan, MN $6,010/mo Embarrass, MN $6,010/mo Isabella, MN $5,050/mo Tower, MN $6,010/mo Hoyt Lakes, MN $6,010/mo Aurora, MN $6,010/mo Brimson, MN $6,010/mo Biwabik, MN $6,010/mo Gilbert, MN $6,010/mo Crane Lake, MN $6,010/mo