Now that you have a clearer picture of your monthly expenditures, reach out to a community leader to discuss your options further.
Industry Benchmarks
The cost of senior living varies across the country. Getting a clearer picture of your current costs in comparison to those at the senior living communities you're considering can help guide your decision. Assisted Living and Independent Living communities typically range from $1,500 to $6,000 per month. A Continuing Care Retirement Community, or CCRC, typically has an entrance fee starting at $100,000, depending on the community. In addition, many require additional fees such as a move-in fee or monthly service fees. To know your exact costs, you'll need to speak with a community leader.
Commonwealth's cost calculator above can help you begin the homework required for comparing expenses and ultimately determining the right choice for you and your family.
The price quoted above includes the base rent plus 1st level of care for assisted living and memory care. However, the only way to assess an individual's needs with true accuracy is to schedule an in-person assessment. Please reach out to our team with a personalized discussion about care.
Can I Afford Senior Living?
If you've gone through all of these tools, you might be feeling overwhelmed by the high cost of senior care. There is help. We have partnered with ElderLife Financial to offer financing options for families. Learn more about how they help families pay for senior living.