What Affects the Cost of Assisted Living?
Assisted living prices vary a lot from one community to another. These are the main factors, and the questions that help you compare fairly.
Location
Prices differ between states, cities and even neighbourhoods. A community in a high cost area often charges more than a similar one elsewhere.
Type of room
A studio usually costs less than a one or two bedroom apartment. Sharing a room can lower the price.
Level of care
Many communities charge a base fee plus extra for higher care needs. Ask how care levels are decided, and how often they are reviewed.
What the fee includes
- Meals and snacks
- Housekeeping and laundry
- Transport and activities
- Medication help
Questions to ask before you sign
- What is the full monthly cost, including care?
- What extra fees are there, such as a community or entrance fee?
- How much can the price go up each year, and with how much notice?
- What happens if money runs low?
Compare more than one place
Ask for a written price breakdown from each community and compare the same items side by side. A senior living advisor can help you do this at no cost to you.
General information only, not financial, legal or insurance advice. Rules, prices and benefits vary by state and by policy. A licensed professional can explain what applies to you.