As you age, you may start to consider senior living options that liberate you from the mundane burdens of daily chores like cooking and household maintenance. Thankfully, independent living options are available and accessible to help make your life run smoothly and conveniently. Independent living also comes with many other benefits that are central to your mental and physical health. Evaluating the cost of independent living is an important factor in making sure that you can finance your stay. Don’t worry – there are plenty of ways to afford to stay in independent living communities, and it might be more affordable than you think.
Average Cost of Independent Living
When you move into an independent living retirement community, you can expect to pay an average base rental rate of $870 to $7,545. This base rental rate does not include other fees, like a fee that covers apartment preparation and admission, which can range between $500 and $5,050.
Independent Living vs Home Expenses
The most common reason people hesitate to move into independent living communities is the monthly cost. However, if you take a hard look at your current living expenses, you may find that living at home is also quite expensive. You could be amazed at just how much you spend on your everyday life. Assuming that you have a fully paid up mortgage, you still have to take into consideration things like property taxes and homeowners association fees. Even just $1,000 a month on your home adds up to $12,000 a year. Furthermore, monthly utilities add up to about $6000 a year, while groceries can be an estimated $3000 a year. If you own a car, the maintenance and gas alone can be between three to six thousand dollars a year. A back of envelop calculation of just the necessities is upwards of $25000 a year, and this does not include many other common expenses like housekeeping, restaurants, laundry, unexpected emergencies, entertainment, and travel costs.
Additional Value of Independent Living
The add-on value of being a part of an independent living community cannot be underestimated and measured in dollars. With an independent living community, you can rest assured that you will receive emergency support in a timely manner since you will be living in a warm and caring community. Our independent living community also has skilled team members who are trained in medical care who can monitor you if you are ill. In addition, independent living communities promote overall health and fitness through different exercise programs. There are also many opportunities for socialization that reduces the risk of depression.
Live an Active, Independent Lifestyle at Seaton Voorhees
Independent living at Seaton Voorhees provides you with all of the above benefits of independent living and more. Amenities include a well-stocked library so that you can cultivate your mind and spiritual self, as well as a games room and a billard lounge for sports and recreation.
If you are keen on being part of our welcoming community, please feel free to reach out to us!