Comparing the Price of Assisted Living to the Cost of Staying in Your Home

Deciding on whether to move out senior parents to an assisted living facility or let them stay at home can be a tough decision. Assisted living costs can be expensive, but it’s also important to consider all the expenses that come with staying at home. 

The Cost of Assisted Living

It’s important to understand that the cost of assisted living can vary significantly depending on several factors. Location of the facility, amenities provided, and level of care needed can all impact the cost. On average, the cost of assisted living in the United States is around $4,000 per month, but this can increase depending on the level of care needed and the amenities provided by the facility.

Facilities that provide additional amenities such as private rooms, transportation services, and medical care can charge higher rates. Some facilities may also charge a one-time move-in fee or a deposit to secure a spot, which can add to the initial cost.

The level of care needed by the senior can also impact the cost of assisted living. Those with more advanced medical conditions may require specialized care, such as memory care or skilled nursing, which can lead to higher costs.

When comparing the cost of assisted living to the cost of staying at home, it’s important to consider all the expenses that come with each option. While the cost of assisted living can be significant, it does include many of the services and amenities that may need to be paid for separately when staying at home, such as housekeeping, meals, and medical care. Additionally, the cost of assisted living may be partially covered by long-term care insurance or government programs, such as Medicaid.

The Cost of Staying at Home

When considering the cost of staying at home, it’s essential to evaluate the long-term expenses associated with the upkeep and maintenance of the property. Home modifications may be required to ensure the safety and comfort of the senior. These can be expensive and may need to be updated as the senior’s needs change over time.

Additionally, home care services can be necessary to assist the senior with daily tasks, such as cleaning, cooking, and medical care. The cost of these services may vary depending on the location and level of care required and might not be covered by insurance.

Also consider property taxes, utility bills, and home repairs. As seniors age, their homes may require more upkeep and maintenance, such as replacing a roof or repairing plumbing. These costs can add up quickly and may not be covered by insurance.

Finally, it’s important to consider the potential loss of income for family members who may need to take time off work to provide care for the senior. This loss of income can impact the financial well-being of the family, and it should be factored into the decision-making process.

Making an Informed Decision

When comparing the cost of assisted living to the cost of staying at home, it’s important to take into account the quality of life for the senior. Assisted living facilities provide social interaction, meal plans, and around-the-clock medical care that can enhance a senior’s quality of life. Staying at home, on the other hand, can provide a sense of independence and familiarity.

Before making a decision, it’s important to have an open and honest conversation with the senior and their family members. Discuss the pros and cons of each option and consider the senior’s preferences and needs. Additionally, consider consulting with a financial planner to help determine the financial feasibility of each option.


Assisted living costs can be expensive, but so can staying at home. When making a decision, consider all the expenses that come with each option and determine the best course of action for the senior’s quality of life and financial well-being. 

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