Financial PlanningWe understand that there are a lot of financial considerations when planning on moving yourself or a loved one into a retirement or senior housing community. To help those seeking more information on financial planning, we have created and continue to create relevant resources that help you answer complex financial questions while providing insights on what communities fit your family’s wants and needs.
How Much Does Senior Living Cost?
When budgeting for senior living costs, it’s important to understand everything that’s included in your monthly rent. Among the key factors that can impact costs are:
Level of care needed:
Costs increase with more attentive lifestyle options. Independent Living is typically the most affordable option with prices increasing for Assisted Living, Memory Care, and Skilled Nursing services.
The amount of services and frequency of them will impact your price. Lifestyle options will come with a set of services included in rent, but you can often pay to add more if desired.
Communities with an array of amenities to enjoy may have higher rent than local counterparts.
Get The Complete Guide to Senior Living Costs
There is a lot to learn when it’s time to consider senior care. There are different levels of care for different needs, multiple ways to pay and ways to cut costs, too. By preparing yourself, you can ease the transition to a new life.
In our eBook, “How to Manage Elderly Health Care Costs,” find out about care costs, ways to pay, planning for care and more about budgeting.
Find a Community
For more information on retirement and senior housing options, reach out to a Senior Lifestyle community near you.