When looking for a retirement community, you should always consider your interests, needs and cost. And the first question that’s usually asked when we talk about senior living spaces is “Can I afford it?”
In the US, assisted living and independent living communities have an average monthly cost that ranges from $2,000 to $7,000, more or less. This depends on the type of care and services you require, and it also differs per region or state.
If you’re concerned about affordability, here’s a table from Genworth’s Cost of Care Survey
State | Daily Cost | Monthly Cost | Yearly Cost |
Alabama | $95 | $2,900 | $34,800 |
Alaska | $189 | $5,750 | $69,000 |
Arizona | $115 | $3,500 | $42,000 |
Arkansas | $103 | $3,133 | $37,590 |
California | $132 | $4,000 | $48,000 |
Colorado | $134 | $4,063 | $48,750 |
Connecticut | $163 | $4,950 | $59,400 |
Delaware | $176 | $5,368 | $64,416 |
District of Columbia | $220 | $6,700 | $80,400 |
Florida | $100 | $3,045 | $36,540 |
Georgia | $94 | $2,850 | $34,200 |
Hawaii | $136 | $4,125 | $49,500 |
Idaho | $105 | $3,200 | $38,400 |
Illinois | $128 | $3,898 | $46,770 |
Indiana | $116 | $3,528 | $42,330 |
Iowa | $116 | $3,518 | $42,210 |
Kansa | $127 | $3,863 | $46,350 |
Kentucky | $108 | $3,300 | $39,600 |
Louisiana | $104 | $3,155 | $37,860 |
Maine | $164 | $4,991 | $59,892 |
Maryland | $123 | $3,750 | $45,000 |
Massachusetts | $180 | $5,463 | $65,550 |
Michigan | $117 | $3,563 | $42,750 |
Minnesota | $105 | $3,200 | $38,400 |
Mississippi | $105 | $3,200 | $38,400 |
Missouri | $83 | $2,537 | $30,438 |
Montana | $115 | $3,513 | $42,150 |
Nebraska | $115 | $3,510 | $42,120 |
Nevada | $100 | $3,050 | $36,600 |
New Hampshire | $158 | $3,600 | $43,200 |
New Jersey | $163 | $4,950 | $59,400 |
New Mexico | $118 | $3,600 | $43,200 |
New York | $136 | $4,136 | $49,635 |
North Carolina | $99 | $3,000 | $36,000 |
North Dakota | $110 | $3,340 | $40,080 |
Ohio | $118 | $3,600 | $43,200 |
Oklahoma | $92 | $2,803 | $33,630 |
Oregon | $134 | $4,065 | $48,780 |
Pennsylvania | $118 | $3,600 | $43,200 |
Rhode Island | $162 | $4,931 | $59,161 |
South Carolina | $99 | $3,000 | $36,000 |
South Dakota | $111 | $3,370 | $40,440 |
Tennessee | $124 | $3,780 | $45,360 |
Texas | $116 | $3,515 | $42,180 |
Utah | $97 | $2,950 | $35,400 |
Vermont | $160 | $4,860 | $58,320 |
Virginia | $130 | $3,950 | $47,400 |
Washington | $148 | $4,500 | $54,000 |
West Virginia | $107 | $3,263 | $39,150 |
Wisconsin | $129 | $3,934 | $47,205 |
Wyoming | $131 | $3,995 | $47,940 |
Planning to move to a luxury community like Bahama Bay Club? Contact us so we can discuss your payment options.