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Financial Resources The Mansion at Waterford

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The Cost of Senior Living Compared with Living at Home

Deciding what is best for an aging parent who needs support involves many factors, not the least of which is cost. That’s why it’s important to understand exactly what expenses you are comparing.rnrnWhen adding up the costs of housing, home care, utilities, groceries, transportation and more – many older adults find they are actually spending more living alone in their homes than they would at a senior living community. Use this calculator to get a side-by-side comparison of home living expenses and the rates at senior living options you are considering.

Input your current expenses vs senior living here to compare:

monthly expenses your present home senior living
Mortgage or Rent Payment
Home or Renter’s Insurance
Caregiving
Utilities (Electricity, Gas, Water, Sewer, Trash Removal)
Included
Property Insurance & Taxes
Included
Lawn Care & Landscaping Maintenance
Included
Housekeeping
Included
Maintenance & Home Repairs
Included
24-Hour Security
Included
Laundry Service (Washer & Dryer)
Included
Transportation (Insurance, Gas, Registration, Repairs)
Included
Dining
Included
Social, Cultural & Recreational Events
Included
Exercise & Wellness Programs
Included
24-Hour Emergency Alert System
Included
Full-Time Activities Staff
Included
Family Toolbox

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  • How Do You Know It’s the Right Time for Senior Living?
    Caregiver with senior and family member

    How Do You Know It’s the Right Time for Senior Living?

    There’s rarely one big, waving, red flag of a sign. Instead, little things can be telling developments.
    5 Signs That It’s Time for Senior Living
  • What’s the difference between types of senior care?
    two women sitting on a bench

    What’s the difference between types of senior care?

    Once you know you need more support, it’s time to find a place with the services and environment that best fit your needs.
    Understanding the Difference Between Senior Care Options
  • How do I find the right fit for my family?
    a group of women sitting together smiling

    How do I find the right fit for my family?

    It’s good to have options – but it can also be daunting. Here’s how to simplify the process of evaluating them all, and feel confident about your choice.
    8 Key Factors to Evaluate When Touring a Senior Community
  • How much will senior living cost vs. staying at home?
    a group of green leaves

    How much will senior living cost vs. staying at home?

    Use this worksheet to get a side-by-side comparison of home living expenses and the rates at senior living options you are considering.
    Senior Living Cost Comparison Calculator
  • How can senior living benefit health and well-being?
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    How can senior living benefit health and well-being?

    See how research shows senior living often leads to improvements in terms of health, happiness, independence and even financial well-being for the majority of residents.
    9 Proven Benefits of Senior Living
  • Once I’ve decided to choose senior living, what’s next?
    a group of older women standing together

    Once I’ve decided to choose senior living, what’s next?

    What should you pack? Who needs to know your new address? Find out everything you need to do to make your move go smoothly – and when you need to do it.
    Senior Living Move-in Checklist
Caregiver with senior and family member

How Do You Know It’s the Right Time for Senior Living?

There’s rarely one big, waving, red flag of a sign. Instead, little things can be telling developments.
5 Signs That It’s Time for Senior Living
two women sitting on a bench

What’s the difference between types of senior care?

Once you know you need more support, it’s time to find a place with the services and environment that best fit your needs.
Understanding the Difference Between Senior Care Options
a group of women sitting together smiling

How do I find the right fit for my family?

It’s good to have options – but it can also be daunting. Here’s how to simplify the process of evaluating them all, and feel confident about your choice.
8 Key Factors to Evaluate When Touring a Senior Community
a group of green leaves

How much will senior living cost vs. staying at home?

Use this worksheet to get a side-by-side comparison of home living expenses and the rates at senior living options you are considering.
Senior Living Cost Comparison Calculator
two women smiling at the camera

How can senior living benefit health and well-being?

See how research shows senior living often leads to improvements in terms of health, happiness, independence and even financial well-being for the majority of residents.
9 Proven Benefits of Senior Living
a group of older women standing together

Once I’ve decided to choose senior living, what’s next?

What should you pack? Who needs to know your new address? Find out everything you need to do to make your move go smoothly – and when you need to do it.
Senior Living Move-in Checklist