woman looking over finances

Memory Care Costs

As you're considering a memory care community, one of the first questions you will find yourself asking is: “How much does it cost?"

It’s a valid question — especially considering the cost of memory care is no small expense.

There are a lot of variables that go into determining a price, and it will vary depending on many factors such as location, care needs, living accomodations, and more. But to help provide transparency, we've included an average price range for memory care. But to get a better idea of what you might pay, give us a call. 

Memory Care Price Ranges

Before a resident moves into a community, we work with them and their families to complete a personal service assessment. This assessment helps us design a care plan that meets that resident's personal needs. But because your costs hinges on your particular care needs, it's difficult to provide a final price until the personal service assessment is completed. 

So while you may not have a final price, you can get an idea of other numbers based on the ranges shown below.

Starting Base Rental Rate - $2,795 to $10,030*

In addition to the base rental rate, you may be responsible for other fees, including a one-time fee that covers admission and apartment preparation, which can range from $385 to $6,100.

* The pricing listed is for informational purposes to educate on typical costs in senior housing. Specific community pricing may vary and may be outside of the typical range noted.

Talk to a Senior Living Advisor about pricing today! Call 855-350-3800

The High Cost of Caring for a Loved One With Dementia*
24
Hours Per Week

Caregivers spend an average of 24 hours per week providing unpaid assistance to a loved one.

$15k
Loss in Income

Caregivers lose an average of $15,000 in income in order to provide care.

60%
Emotion Stress

Nearly 60 percent of caregivers struggle with high levels of emotional stress.

40%
Depression

Approximately 40 percent of caregivers suffer from depression.

If you are a caregiver, consider the impact these demands have on your health and emotional well-being. Sometimes the best thing you can do for a loved one is consider alternative options that allow you to step out of the role of caregiver and back into the role of family member.

*Numbers were sourced from Caregiving in the US, 2015 Report from AARP Public Policy Institute; The Shriver Report: A Woman’s Nation Takes on Alzheimer’s; 2016 Alzheimer’s Disease Facts and Figures from the Alzheimer’s Association.

But How Can We Afford It?

Making sure your loved one receives the care they deserve is important, but navigating the cost can feel overwhelming. The good news is there are several programs and third-party vendors who can help alleviate some of the stress of paying for senior living. For eligible seniors, these programs can provide assistance to help offset certain costs.

Further Reading

You’ve heard people mention memory care, but what does it mean?

How will my loved one spend their time in a memory care community?

How do you know if you or a loved one need memory care?