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Can I Afford Senior Living

senior man sitting at a computer and smiling at the camera

The cost of senior living is on most people’s minds when looking to move to a retirement community.  Many of the benefits of senior living communities cannot be communicated through monetary values, such as the social interaction, emotional support of the community, the opportunities to meet new friends and an environment that encourages overall wellness. In addition, should the health care needs of you or your partner change unexpectedly, higher levels of care are typically available in most senior living communities.

Also, many costs that are paid for living in your own home are covered by the monthly rent in a senior living community.  These items include your current mortgage/rent and HOA fees, property taxes, heating/electricity/gas, sewer and water, telephone, lawn service and gardening, house cleaning, fitness classes and personal trainers, transportation/gas to shopping and appointments, activities, lifelong learning classes and education, health monitoring (as in an emergency call system) and more.

That said, it’s always a good idea to take a look at the numbers. There is a new survey that you can take called Can I Afford Senior Living.  This is a convenient way to understand the various costs and compare them to senior living costs and your budget.

Click here to take the survey.

Categories: General