When people compare living at home to living at assisted living centers, one major question arises in almost everyone’s mind; which option is more cost effective?
To give you an idea about the cost comparison of both options, here are some important elements to note down:
Living at your own home comes with its own cost. Some of the expenses that will eat your finances are:
As you age, you become fragile and prone to injuries. Some additions in your home will arise as a necessity for safety measures. These will result in onetime costs but nonetheless your finances will be affected by them. They may be as under:
Eventually a time will come when moving to a nursing place will become the best option for you. There you’ll find you will have to pay a cost of $3,000, $4,000, $5000, or as high as $6,000 per month.
Thus, by staying at home and keeping all the hassles and troubles of living individually in your pocket will not be financially viable for you.
Assisted living facilities usually have a monthly fee ranging from $2,000 to $6,000 depending on the location and services offered. There, you can at least be certain, that you will be receiving care, attentions and hospitality.
Several other things that will be covered by your monthly fee typically include:
Although, to find the actual cost you will have to visit local sales counselor, but generally, living at a normal assisted living center usually costs people around $4000 to $5,000 per month. You can compare that to your monthly expenses for assisting at home in your decision.
A suitable assisted living center is essential for best assisted life experience. To find more information about assisted living facilities, visit The Palazzo in Phoenix, AZ