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How Far Does Your Money Go in Philadelphia?

By Michael Watson

Seniors living in Philadelphia, PA, may have lower cost of living expenses than other cities and states, but they still have to make sure they budget correctly for their needs. For many seniors, increased medical expenses make it more difficult to pay bills, as the chances of injuries increase as you age, as well as illnesses. 

When it comes to budgeting money for living expenses, seniors often believe that they will have plenty to move into an assisted living facility. Unfortunately, the high costs of these care homes can deter many from making the move. But this isn't necessarily a problem for a large majority of men and women. Seniors who can still live safely on their own with a little outside help do not always need to give up their independence just yet.

Let's take a look at the costs of long-term care in Philadelphia!

Assisted Living & Nursing Home Costs

The average monthly cost to stay in an assisted living facility in Philadelphia will run anywhere between $1,990 and $3,450. The average cost is $2,750 a month. For a stay in a nursing home, seniors can expect to pay $225 a day for a semi-private room and up to $245 a day if they wish to have their own private quarters.

These high costs are not always a feasible option for many seniors on a budget. However, there are ways they can get the care they need while not going bankrupt.

Home Care Costs

The average cost to hire a caregiver in Philadelphia is just $21 an hour. A caregiver, or home health aide, will come in on an as-needed basis to help out with daily needs, such as helping with meals, laundry, general housekeeping, running errands, and so much more. They will help your senior live independently for as long as possible without costing more than they can afford.

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.