If your loved one is coping with symptoms from dementia, Alzheimer’s Disease, or other forms of memory-related conditions, it can be a heartbreaking and challenging time. As their condition starts to deteriorate due to the progression of the disease, you may be struggling with the question of where you can get the best care for them. Whether it is at home or opting for a health aide, financial costs are a large factor in what you eventually decide on. To help you make a more informed decision, here is a breakdown of what you can expect from the cost of memory care.
How Much Does Memory Care Cost and What Is Included?
The cost of memory care will vary depending on the area that you live in as well as the provider that you choose. On average, it is around $4,300 monthly but can range from $3,800 in North Carolina and easily rise to $5,991 in New York.
Depending on the services provided, the cost of living in a memory care community can also rise significantly. However, it is important to note that unlike rent for a regular apartment, the monthly rent for senior living communities is inclusive of the amenities, programs, and care that they provide. This includes:
- Rent
- Heating and cooling
- Housekeeping and maintenance
- Transportation services
- Nutritious meals and snacks daily
- Water and electricity
- Snow removal and landscaping
- Entertainment and fitness options such as gyms, enrichment courses, and social events
Cost of Memory Care in Comparison to Other Options
The cost of memory care should not be viewed in isolation and the best way to evaluate it is to consider the other options that you have for caring for someone with advanced dementia. One of the most common alternatives is hiring a home health aide to assist in daily activities, allowing your loved one to stay at home. On average, a home health aide costs around $5,824 per month for eight hours a day. For round-the-clock care, it can easily rise to $17,472 per month. On top of this, home health aides do not assist with services like maintenance or landscaping and you are generally still also expected to foot the bill for any home modifications and renovations required to create a safer environment for your loved one.
Enjoy Greater Control Over Your Finances with Discovery Village At Sugarloaf
Here at Discovery Village At Sugarloaf, we understand that financial constraints are a concerning issue for many older adults and their families. In our senior living community, we offer our Rent Lock program where residents in our SHINE® Memory Care can enjoy lifelong rent-lock protection. This means that you will not have any increments for their rent throughout their stay with us. There will also be no long-term commitments or buy-ins required. By investing in quality memory care, you are ensuring that your loved one spends their days in a community of like-minded individuals with the support of trained and experienced team members.
