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How Much Does Senior Living Cost?2018-11-27T17:38:45+00:00

How Much Does Senior Living Cost?

Smiling Senior Couple Sitting At Dining Room Table with Coffee and DocumentsWhile looking into the cost of senior living, it’s not uncommon to feel a sense of “sticker shock.” On the surface and without proper context and information, it can seem expensive. But what if it’s more reasonable and affordable than you think? Yes, we’ll discuss actual numbers, but there’s much more to consider. Let’s explore the costs of senior living together OR fill out the form to talk to a personal senior living advisor!

Will you need long-term care?

  • 87% of adults 65 years or older want to stay in their current home as they age*
  • 70% of those same adults will need some kind of assisted living or long-term care*
  • 7 out of 10 people reading this will need long-term care though only about 1 in 10 want it*

Would you agree that something isn’t making sense with those numbers? It’s important to consider all senior living options and their associated costs before crisis hits and choices become limited. Let’s look next at what options are available.

*According to a 2014 AARP study

What options do you have?

  • Continue living at home without help

  • Move in with a loved one

  • Have a loved one move in with you

     

  • Hire a live-in caregiver

  • Hire a part-time caregiver or home health care agency

  • Move to a senior living community

What does it cost to live at home?

  • Costs based on a fully paid $200k home in metro Milwaukee

  • Home values don’t always increase or hold steady due to neighborhood, wear & tear and the real estate market

  • Your health is your biggest asset! Make your home work for you, not against you.

* Not including $1000/month for mortgage
* Not including $4500/month for a caregiver or home health care
* Not including $10-100k in health care related home renovations

What does it cost to live at Luther Manor?

Prices listed are base prices, per person, per month

  • Avoid household expenses & upkeep

  • Sidestep expensive home renovations often required as health needs change

  • Get priority access to long-term care with payment of an Entrance Fee

  • Create & control your health care security in our full continuum of care

  • Enjoy the peace of mind that comes with our 55+ years of experience in senior care

INCLUDED AMENITIES
INCLUDED ACTIVITIES

How can you pay for senior living?

Personal Income and Savings, Investments, Pension, Home Equity and Real Estate, Family’s Resources, or Private Loans

Life, Long-Term Care, Medicare, and other Health Insurance offer various amounts of coverage for Assisted Living and Skilled Nursing

Medicaid, Veterans’ Benefits, and Social Security cover different levels of senior living, long-term care, and Hospice

Non-Profits, Foundations and Pharmaceutical Companies

READ A BLOG ON PAYING FOR SENIOR LIVING

Will you dare to compare?

middle aged woman with question mark symbol

Now that you know the true costs of senior living, will you dare to compare the cost of living in your home versus Luther Manor? Download the worksheet below, weigh the pros and the cons and schedule a tour today to see Luther Manor for yourself. You’ll love it here!

DOWNLOAD THE WORKSHEET

Don’t Just Take Our Word For It

At a glance, it can seem the cost of a senior living community is more expensive than living on your own or hiring in-home help. But is that really the case? Listen to a recent podcast featuring Luther Manor residents regarding their own financial experiences in the world of senior living.

Where to Next?

Which Area of Care is Right for Me?
Stay Active at Luther Manor
What’s included at Luther Manor?
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