Many families struggle to make decisions about the best living situation for their aging parent. Most seniors, if given the choice, would choose to remain in their own home for as long as possible, and most families want to respect that choice. What is it that makes staying home possible? This is very subjective and varies in each situation. Many family members or caregivers have a threshold – an event in which they know that living at home is no longer an option, yet others are absolute in their commitment to keep their loved one at home no matter the circumstances. There are many options, some of which people don’t always think about:
Seniors who live alone often experience social isolation and poor nutrition which contributes to cognitive decline, health problems, depression and a lower quality of life. Many families hire home care aides, arrange for Meals on Wheels or other meal delivery services and use adult day services at senior community centers to provide a healthy environment for seniors who live at home.
Including your loved one in the decision and finding a solution that all family members can feel good about may take considerable research, time, and the support of a professional. However, knowing you gave this significant decision the consideration it deserves allows everyone to move forward feeling good about the choice.
After dealing with the initial sticker shock and touring a community most families change their minds and realize assisted living is a great value.
A Place for Mom created this chart to help you figure out whether assisted living costs more or less than living at home. The sample figures cited below represent U.S. national averages, so please fill in your loved one’s actual monthly costs in the spaces provided, as well as figures for a specific community you may be considering:
|Amenities/Services/ Expenses||Monthly Costs At Home (average)||Assisted Living Costs (average)|
|Monthly mortgage or rent||$953||$3,500.00|
|Condominium maintenance fee||$100||N/A|
|24-hour security services||$100||included|
|Three meals a day||$494||included|
|Daily health aide visitations||$4,500.00||included|
|24-hour emergency call system||$50||included|
|Social and entertainment||$0||included|
|Total Actual Costs||$7,124.00||$3,500.00|
*All costs calculated in U.S. dollars.
Update: January 2018