Blog

How To Afford Senior Living: Understanding The Costs

Finances | Here For A Loved One | Here For Myself

Are you worried the cost of senior living may not fit into your budget? While the monthly cost may seem high, it is important to remember all that is included in the community rental fees. Understand the costs of senior living with this helpful breakdown.

All-Inclusive Household Expenses

Senior living communities provide an all-inclusive living experience. With typical household expenses included in the monthly cost, residents can enjoy themselves without the burden of additional bills and fees. Household expenses included in the cost of senior living include:

• Mortgage or rental fees
• Property taxes and insurance
• Utilities
• Seasonal maintenance
• Laundry and housekeeping
• Meals, and more!

RELATED: Download Our Cost Comparison Sheet

Resident Specific Services

In addition to all household expenses, senior living communities provide many levels of services and amenities catered to each resident’s specific needs. These services are included in the monthly rental fee without any additional cost. Depending on the level, communities offer 24/7 staffing, medication reminders or administration, frequent room checks and other specific services.

Additional Amenities Without Additional Cost

Moving into a senior living community is more than simply moving homes. It is joining a new community where everything you could ever need is right at your doorstep. Included in their monthly costs, residents can enjoy a large variety of in-house amenities including, but not limited to:

• Daily events and entertainment
• Transportation services
• In-house beauty salon/barber shop
• Instructed fitness classes

Navigate Senior Living Costs With Independence Village

Independence Village provides a variety of senior living communities. With numerous financial assistance programs, we work with residents to help them navigate the costs. Schedule a tour to your local community or give us a call to learn more.