Assisted living rent can vary from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per month) or long-term in-home care. If closely monitored medical supervision is not necessary for your aging senior, assisted living might be the best financial choice.
For many seniors, there will come a time where they cannot live at home by themselves anymore. Some will be able to move in with adult children, others may move into an assisted living facility, personal care facility or nursing home. While these options provide security and care, they also result in a loss of independence and choice. Granted, you can’t have everything that you want and as we age, we have to deal with health issues. Still, if you are of sound mind and in good health, there may be other options available to you.