Senior Living
Cost Calculator
Calculate the cost difference between staying at home and staying at a senior living community.
Simply plug in your monthly expenses and let the calculator do the rest!
(The starting values are national averages.)
Sources: Home Buying Institute, Tax Foundation, Movingist.com, policygenius.com, mywsxx.com, forbes.com, stronghomegyme.com, Bureau of Labor Statistics, aa.com, bhg.com, Genworth In-Home Care Study 2024
How can you find affordable senior living?
First, understand that “affordable” is different for everyone. Your monthly cost for living at a senior community like New Perspective will vary greatly depending on your location, monthly expenses (like internet, cable, or phone), level of care needed, and what type of community you choose:
- Independent Living: This is typically the most affordable type of senior living, as it involves very little to no extra care.
- Assisted Living: Costs more than IL due to more care required.
- Memory Care: Typically the most costly type of senior living due to specialized care.
How can you pay for independent living, assisted living, or memory care?
There are many ways to pay for your new life at a senior community! Some of the one most popular with our residents include:
- Long-term care insurance
- Converting life insurance
- Veteran’s benefits
- Personal savings
- Selling your home