How Much Does Independent Senior Living Cost? Understanding the Benefits and Financial Aspects of Senior Living
When it comes to senior living, price is a huge factor for those deciding whether to move out of their home and opt for community living. There are a lot of things to take into account, like location, amenities, and the comparison between home ownership and independent living.
What is the Average Cost of Independent Living?
According to most reports, the average monthly cost of independent living in the United States is around $3,000. Pricing will vary depending on what state you’re in, though. For example, the average monthly cost of independent living in Georgia is around $2,275. In Texas, it’s $2,640, and in North Carolina, it’s a little over $3,000.
What is generally Included in the Cost of Independent Living?
Amenities and activities will vary depending on the community, but The Aspenwood Company communities, for example, offer things like:
➡️ Housekeeping and maintenance
➡️ Valet services
➡️ Chauffeur services
➡️ Concierge
➡️ Private member events
➡️ Fitness classes
➡️ Religious services
➡️ Social activities like book clubs, beer/wine tastings, and live music
➡️ Classes
What are the Cost Benefits of Independent Living?
When deciding whether independent living is the right choice vs. home ownership, it’s important to take several factors into account. When you do the math, it might look like owning a home costs less than independent living, but most people forget to factor in upkeep costs, utilities, food, property taxes, insurance, entertainment, and more.
With independent living, most if not all of these costs are included in the monthly rent. Additionally, with independent living, you get care and peace of mind you wouldn’t get living at home alone. At The Aspenwood Company communities, you get access to services like therapy, pharmacy, fitness and wellness, nursing, and much more, all performed in the comfort of your home.
When to Move to Independent Living
Knowing the right time to move to independent living will depend on a few different factors, and it’s important to ask yourself the right questions.
Are you tired of looking after your home and keeping up with maintenance, chores, and other household responsibilities?
Have you been thinking about your health and long-term care needs more frequently?
Do you feel lonely or isolated in your home?
Do you feel overwhelmed with the daily tasks that come with living alone?
Are you tired of having to drive yourself everywhere?
These are just a few questions to start the consideration process, but if the answer to these questions is yes, it might be time to think about independent living.
If you’re ready to learn more about what independent living could offer you, contact us here.
The Aspenwood Company Can Help Seniors Live Life Well®
When it comes to your living situation, it is important to choose an independent living community that will provide you with a rich and vibrant life.
Our communities are the standard of luxurious living for mature adults. You will find our properties in the most sought-after locations, in the middle of culture and activity, where a vibrant lifestyle surrounds you. We’ve spent 25 years fine-tuning every detail of luxurious living so that our residents enjoy a new sense of freedom and fulfillment.
There’s luxury, and then there is Aspenwood luxury.
In order to become a member of an Aspenwood luxury community, mature adults will face some hard, but important decisions. Be assured that our team is trustworthy and compassionate, and ready to serve you. We are here to provide encouragement, support, and helpful information.
You have the opportunity to pursue and experience freedom like never before. It’s time to experience the laughter, the energy, the activity, the friendly faces, and the caring people of The Aspenwood Company. It’s time to Live Life Well®.