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How Far Does Your Money Go in Chattanooga?

By Alyssa Ball

Seniors looking for living options in their golden years often consider moving out of their homes and into some type of assisted living facility. For residents of Chattanooga, this isn't always the best course of action.

The high costs of living at a care facility or nursing home are enough to deter most seniors. While the cost of living is lower when compared to the national average according to Best Places, having to pay high prices to live in a home won't work for many.

Assisted Living Costs

Seniors considering checking into an assisted living facility should know that the average cost is $2,900 a month. The low end of the costs start at $1,400, while the most expensive facilities top out at $5,280.

Nursing Home Costs

Nursing home costs can be just as high for seniors. The average rate for a semi-private nursing home room in Chattanooga is $170. Remember, this is the daily rate. Seniors who are hoping for a private room will have to pay a higher rate, at an average of $185 a day.

Unfortunately, these rates are extremely high and just not doable for most seniors who are already living on a fixed income.

Home Care Costs

A caregiver is the best options for seniors who don't want to move out due to the expensive costs of other living communities. Caregivers will come directly to the home in order to provide care. Many seniors do not need more than a couple of hours' worth of help on a daily or even weekly basis, so it makes sense to simply hire a caregiver in Chattanooga for an average rate of $21-an-hour.

For more information on home care near you, refer to our services. Our caregivers are more than happy to help you or a loved one get the care you need.