How Much Does Senior Living Cost?
When making the choice to select the right senior living facility for your loved one, there will always be one certain variable that will appear during your search. That variable is the cost. Ultimately, you can only choose the facility you can afford.
And, if you’re like most Americans, you have a budget in mind and want to know how much you’ll spend on senior living services. If so, then you’ve come to the right place. If you want to learn how much senior living cost, you’ll need to first understand the different factors affecting the final cost. Below is some information to consider when starting your Vancouver senior care search.
Add Up Your Monthly Expenses
Understanding how much senior living costs isn’t a simple task. The cost will vary depending on the facility to choose. However, if you add up your monthly expenses, you can come close to a ballpark amount.
To start, add up all of your expenses, such as rent, food, and utilities. Many seniors will be surprised to know that their expenses aren’t very expensive and are right in line with what they’ll pay to stay at a facility.
This is actually how senior living facility pricing works. All of your monthly expenses will be wrapped up into one single cost.
Know the Difference in Costs
Many people associate senior living facilities along with assisted living and memory care services. The reality is that all of these are entirely different services that come with different costs. Senior living facilities house the elderly and disabled. Assisted living services are designed to accommodate seniors at the comfort of their own home, or a home environment. Memory care services are designed for seniors dealing with Alzheimer's dementia, and other memory-related illnesses.
Each service has different costs. Senior living care is usually the most expensive since your loved one will be living at a facility. Sometimes, memory care services can be more privacy, however.
Make Plans to Fit Your Budget
The final cost of senior living care can come as a surprise to a lot of people. Luckily, you’re in complete control in choosing how much you’ll ultimately spend by making the right preparations.
If you want to save more money, you should ask questions like:
Do we want to pay for a private suite or will it be best to share a room with a companion?
Do we want the senior care home to be in a comfortable, urban town instead of a trendy city?
Are we comfortable with living at a facility with a golf course, or am I content with driving to the nearest one?
The final cost will depend on the type of care you need and amenities you want you (or your loved ones) to receive. Choose based on what’s financially realistic.
Still have questions? Reach out to us today!
The cost for senior living will vary depending on the facility. If you’re curious in learning more about how much senior living costs, feel free to call us! We’d love to answer all of your questions.