As you consider your options for senior living in Mount Laurel, one of the biggest questions at the back of your mind might be: “How much is this going to cost?” It’s an important consideration, especially for seniors on a budget, and it’s worth spending some time weighing the costs of senior living against the many benefits that come with joining a supportive community.
Here’s what you need to know about the costs of assisted living in Mount Laurel, New Jersey, and the surrounding areas, and how to determine if it is worth it for you or your loved one.
What Are the Costs of Assisted Living in Mount Laurel?
Mount Laurel is a great place to retire and is home to many affluent seniors, which means that although there are many excellent options for senior living, they don’t come cheap. When seeking assisted living for your loved one, you can expect to pay a monthly fee of anywhere from $3,500-$6,100. This price includes not only a comfortable apartment, but also basics such as utilities, housekeeping services, and other luxury amenities such as transportation and full-service dining.
Care from an in-home care agency can end up being more expensive depending on your loved one’s needs. An average hourly rate can range from $20-$30, while a live-in rate hovers around $300-$400 per day.
What Do These Costs Include?
Most assisted living communities offer similar basic amenities, but the best communities provide residents with a lifestyle based on wellness and focused on preventative care. For example, at Arbor Terrace Mount Laurel, our residents not only have round-the-clock access to care, but they also enjoy health lectures and visits from local medical professionals.
Our Engagement department is devoted to planning and implementing activities that are designed to increase socialization and overall health. Our trivia groups and educational classes encourage mental fitness, while our yoga classes improve flexibility and strength, which can decrease the risk of falls.
Can I Afford It?
Assisted living costs can add up, certainly, but so can the costs of living independently. Seniors living in a community no longer need to pay for many household costs, such as a mortgage, insurance, taxes, lawn maintenance, and transportation costs. And if you or your loved one has been paying for long-term care insurance, that will significantly help offset the costs of senior living. You can calculate what you or your loved one is paying now and see how it compares to assisted living by using our Senior Living Cost Calculator. You might be pleasantly surprised by how affordable it can be to retire in luxury.
If you are still unsure whether your loved one can afford assisted living, you can contact the team at Arbor Terrace. You may be eligible for benefits through the Department of Veterans Affairs (VA) or elsewhere that can decrease the monthly cost.
What Are the Next Steps?
Now that you have a better understanding of the costs and benefits of assisted living, you can begin the process of choosing the best fit. Finding your ideal community is not an exact science, but there are things you should look for when touring a potential new home. You’ll want to make sure that the staff builds connections with residents in order to provide personalized care.
And you’ll want to ask about the events and activities planned for residents to ensure that your day-to-day won’t be dull. But perhaps most importantly, you’ll want to visit the community, enjoy a meal, and speak with current residents to really get a feel for the place. For more tips on finding your perfect future home, check out our free guide, “Finding a Safe & Comfortable Senior Living Community."