About Retirement Homes
Retirement homes are a great option for those seniors who do not have a need for a larger home, but who still want to maintain an independent space. In retirement homes, seniors have access to their own private rooms or a suite of rooms maintained within a larger space. They typically share other facilities such as dining quarters, social areas, and even spaces such as beauty salons in the facility with other individuals. Retirement homes typically offer a lower level of medical care and greater independence for seniors than facilities such as nursing homes.
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In an industrial-driven society, retirement often proves more fantasy than reality. Thoughts rarely stray from the 9 to 5 immediacy, and preparing for the future seems impossible. People must work to live and live to work. However, the day eventually comes for every man and woman to give a final ...MoreRead More
When it comes to senior living options, there are a number of housing options available for today's elderly population. While some seniors will require the care and attention of nursing homes or assisted living communities, there are others who don't require as much care, but who instead want to be ...MoreRead More
Moving to a retirement home can be a challenging and at times overwhelming transitional time for seniors. However, even for seniors who are enthusiastic about life in retirement homes, many feel as though life in one of these communities can cause a detriment to their independence. This is why it is...MoreRead More
Top Cities for Retirement Homes in the US
Retirement Home Costs in the United States
The cost of living in a retirement home is rising steadily and is expected to increase by 4% annually over the next several years. A survey performed by Genworth Financial, along with data taken from Medicare and Medicaid reporting, show some interesting facts about these rising costs. Currently, the national average retirement home cost is around $23,100, which is about $1,925 monthly or $64 daily.
The most important factor in determining retirement home costs is geographic location, and costs vary widely from city to city and state to state. Washington DC has the highest retirement home prices in America, averaging $45,470 per year ($3,789/month and $126/day). Missouri, on the other hand, has the lowest prices at around $16,500 per year ($1,375/month and $46/day).