Senior Living Costs

Monthly fees can range between $2,000-6,500.00 monthly depending on size of space and level of care. Most senior living communities require an entrance fee that can be anywhere from $1,000 to the equivalent of the first months rent which can be upwards of $6,500.00. The entrance fees are generally required and seldom negotiable.

Cost Factors:

• Location, Location, Location.  The cost of Assisted Living is directly linked to other housing costs inthe local area. For instance, living in Southern California will be higher than in rural town in Idaho.



• Size of residence. There are a variety of options when searching for the right place, many offer studio, 1-bedroom and 2-bedroom units.



• Amenities and/or Services. Amenities may include some or all of the following: Swimming pool, health club, organized social groups, general store, golf course, transportation, housekeeping and laundry service. Some also offer dry cleaning and hair salons for additional costs



• Personal Care.  This is where the costs can greatly vary. If more care is needed the cost will go up and the factors that are considered are: bathing, dressing, grooming, toileting and getting around. This is generally worked off of a point system to determine costs.

Can I Afford Senior Living?

Many seniors begin their search with a budget in mind. This worksheet will help you weigh out the costs of staying in your current living situation and moving into senior living. You will probably find that the costs are very similar. Click here to view the worksheet now.