Cost of Assisted Living vs. In-home Care

According to a survey conducted by Genworth Financial in 2018 the median monthly cost for an assisted living community is $4000 (costs vary depending on the community) – totaling $48,000 annually.  In comparison, the median cost of long-term care by a home health aide is $4,195 monthly or $50,336 annually. 

The fact that many assisted living communities are actually less expensive than seniors choosing to live in their own home and bring in a team of caregivers to provide the services they need surprises many people.  The reason for this is so many of the services a senior pays separately for to stay at home are included in the cost of assisted living. 

Assisted living communities such as MorningStar at Arrowhead eliminate the cost of such things as property taxes, property insurance, condominium maintenance fees, and 24-hour security. You no longer need to pay for lawn mowing, snow removal, and other repair and replacement costs.  Also, as a resident of MorningStar, you will no longer need to buy groceries and prepare meals as we take care of food prep and serve three daily meals restaurant-style.  Moreover each suite is equipped with a 24-hour emergency call system, and light housekeeping and daily trash removal are part of our services. 

Other features offered by many assisted living communities including MorningStar at Arrowhead are free entertainment and ready-made socializing.  With a wide selection of wellness programs, activities, and special events and outings, residents at our community can stay as busy as they like.   In addition, onsite amenities such as a movie theatre/chapel, fitness room, library with a computer, and more adds to the convenience as well as the value assisted living communities can offer. 

 

MorningStar at Arrowhead has 60 private assisted living suites and 25 secure suites devoted to the specialized care of those with Alzheimer’s disease or other forms of dementia.  We are committed to provide the best senior living Peoria and Glendale offers, and encourage you to set up a tour to see our exceptional community.

MorningStar at Arrowhead represents the finest in senior living with our unique mission statement “to honor, to serve, to invest.” Arrowhead’s foundation is built on honoring God, valuing all seniors and selecting staff with a felt calling to serve, all directed at creating a true home for our residents. Contact us to schedule a tour to fully experience the finest senior living Peoria & Glendale AZ area has to offer.

Source: genworth.com/aging-and-you/finances/cost-of-care.html