These small group settings provide basic services (usually meals and light assistance) at a much lower cost than typical assisted living communities or nursing homes. Additional Residential Care OptionsĪnother possibility for elders is a residential care home, also known as RCFE (residential care facility for the elderly), adult day home, board-and-care home, or personal care home. If residents also need memory care, they can expect to add on an average of $1,200 per month because of the additional staff and resources this type of care requires. However, the cost can be dramatically different from one place to another, with monthly average costs as high as $6,000 in the Northeast and as low as $3,000 in the Midwest. But if residents intend to cook their own meals and do their own housekeeping, it may be cheaper to pay per service each month.Īccording to Genworth Financial, the average monthly cost of assisted living in the United States in 2022 is $4,500. For those who intend to use the majority of services that a community provides, it’s usually cheaper to pay all-inclusive. Which option is more cost-efficient depends on the resident. With a la carte pricing, residents only pay for the services they will use. With all-inclusive pricing, residents pay one fee that includes their rent, their meals, and services such as access to a fitness center, transportation, housekeeping, and any other amenities the facility offers. Depending on the facility, residents will either pay for an all-inclusive living arrangement or pay fees for individual services on an a la carte basis. Monthly rent is also affected by a facility’s services such as food and dining, personal care, housekeeping, and optional activities and amenities like transportation, outings, and classes.ĭifferent assisted living communities charge for rent and additional services in various ways. The size of the apartment, the location of the community, and the services the resident requires will affect the total cost of living. The cost of assisted living varies depending on the facility. Read on to learn about some options that can help you or your loved pay for assisted living. While the costs of assisted living and the financial assistance available for low-income elders vary from state to state, there are resources available for seniors across the country. But for many individuals, the process of determining which forms of assistance they’re eligible for and exactly what it covers can be a long and confusing process. The high cost associated with many assisted living communities can cause a huge financial strain for many people, but especially for those individuals with lower incomes.įortunately, various forms of financial assistance to help cover the cost of assisted living are available for those who qualify. Unfortunately, it can be incredibly challenging for elders and their families to find affordable assisted living. Assisted living facilities are an excellent option for elderly adults who are no longer able to live alone in their home, but don’t require the around-the-clock care provided in a nursing home.
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