Assisted living is a great option for many older adults. In assisted living you can get help when you need it but still maintain a level of independence. In addition, there are ample opportunities to connect with others and participate in community recreation events. Many communities also offer a long list of amenities for residents to enjoy. Assisted living has a lot to offer to seniors who are looking for an alternative to staying at home. But, how much does all of this cost? In order to get a true understanding of how much you will spend on assisted living you need to look at what is included in the price, what costs are eliminated when you move out of your home, and how the two numbers compare. Once you have looked into these three elements you will have a much clearer picture of how much money assisted living will cost you.
What costs are included in the price of assisted living?
When you start looking at the real numbers for assisted living it is important to remember that the price includes much more than just the use of the space. The monthly price of assisted living includes expenses like utilities, maintenance, lawn service, property taxes, and insurance. These are all important expenses that are easy to forget about when calculating the cost of assisted living. Other important costs included in the price of assisted living include meals, transportation, security system, and housecleaning services. All of the costs mentioned thus far are practical expenses but many assisted living communities also include entertainment options such as cable, Wi-Fi, and recreational programming into the price of assisted living. Looking at the list of costs that are included at assisted living will help you gauge the value of the communities you are considering.
What costs are eliminated upon moving to assisted living?
There are some costs that will go away when you decide to make the move from your house to assisted living. Unexpected costs for home repairs will no longer be a threat once you move to assisted living. You will no longer have to worry about the costs of ongoing maintenance and upkeep for your home. In assisted living all of these external factors are included in the one price you pay. Groceries, transportation costs, and even entertainment expenses can all be eliminated upon moving to assisted living. These elements are part of what you receive when you decide to leave your home and live in a senior living community.
How to easily compare the costs.
As you look into how much money assisted living costs you will find that there are a number of factors you never considered. In order to gain an accurate understanding of what you will spend it is important to compare all of the important factors. You can easily compare the costs of assisted living versus staying at home with the Assisted Living Comparison Cost Guide available from Eskaton. This guide provides you with a list of costs that are included in the price of assisted living so you can compare those to staying at home.
In California, the average cost of assisted living in 2018 was $4,500 per month. In order to determine if you can afford to move into assisted living you must consider all of the elements that are included in that price. You get much more than you might expect when you move into assisted living. The monthly investment you spend on assisted living will provide you access to an apartment, restaurant-style dinning, entertainment, opportunities to socialize, and so much more. After you complete the Assisted Living Cost Comparison Guide you will have a much better understanding of what you get for the money in assisted living.