Cost of Senior Care

The cost of senior housing depends a lot on the range of services you want or need. At the high end are Continuing Care Retirement Communities (CCRCs) that provide all options from independent living to nursing home care. Purchasing a living space can cost from $20,000 to way over $100,000 in many areas; then there’s a monthly fee from $1000 to $4000, which is lowest while you function independently and highest if you need nursing home care.
In the mid-range there are the board & care homes which provide communal meals and some personal care. They go by different names in various places such as “residential care facility” or “personal care home.” They may be converted single-family houses with 2 to 6 residents, or larger apartment complexes. As an example of costs, the monthly rates in California range from $850 to $4000.
At the low-cost end, there is some subsidized senior housing--sometimes called congregate housing, HUD housing or Section 8 Housing--where you pay part of the rent and government funding covers the rest. Your rent is based on the ability to pay—usually a percentage of your income. Unfortunately, many of these programs have long waiting lists and you must have limited income and assets to qualify.
For most types of senior housing, like housing in general, the prices continue to rise over time.
for more help contact www.uselderguide.com , www.californiaseniorguide.com, www.hendonhome.com.