Cost of Assisted Living Compared to In-Home Care

As seniors get to the point in their lives where they need daily help in order to live comfortably and safely, many families worry that assisted living will cost more than they can afford.  The reality according to aPlaceforMom is that assisted living may actually be less expensive than the cost of cobbling together everything you need to support your parent.  They state that after “dealing with the initial sticker shock and touring a community most families change their minds and realize assisted living is a great value.”

You may be asking yourself how this can be true.  To start with, if your parent is living alone in the family home, they have on-going expenses such as mortgage payments or yearly taxes and insurance as well as routine maintenance and repair costs.  If your parent is renting, costs continue to rise each year with increases in rent and utility bills.

In addition, many elderly adults no longer feel comfortable driving and are not getting out like they used to, which can lead to feelings of isolation.  Studies show 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.”  Furthermore, if they are unable to drive, they will require assistance with getting to and from doctor appointments, running errands and buying groceries. 

Another expense you may encounter when your parent is living in their own house is the modification that may be required to allow them to move safely about the home.  These types of changes can be expensive, and when it comes time to sell, may impact the worth of the home. The bottom line is that after you add up all of the services and amenities included in the cost of assisted living, aPlaceforMom concludes it may actually be less than half the cost of getting care for your elderly parent at home. 

If you are looking for the best senior housing Rio Rancho has to offer, we encourage you to consider MorningStar Assisted Living & Memory Care of Rio Rancho.  See our website to check on pricing and availability as well as to set up a tour.  

MorningStar of Rio Rancho represents the best in senior living with a unique mission statement “to honor, to serve, to invest.” We have built our foundation on honoring God, valuing all seniors and selecting staff with a felt calling to serve…all of which contributes to creating a true home for residents amid a beautiful, serene setting. Please contact us to learn more about the finest senior housing Rio Rancho offers.