When compared to the cost of maintaining and living in your own home, assisted living can be very affordable. When factors such as utilities, lawn care, home healthcare, nurse’s aides, etc. are factored into the equation, assisted living may actually be less expensive than staying in a private residence.

Prices vary from community to community and depend of the level of care needed by each resident. A typical range is between $2500 for a single occupant in a one bedroom apartment to $3600 for a couple living in a large two bedroom apartment.

For a simple way to compare the costs of retirement living to staying in your own home, use the COST COMPARISON WORKSHEET.