Budgeting your money in your senior years is very important to ensure that the fixed income you are on covers your living expenses. This includes a budget that allows you to get the health care you need as you enter your golden years. While budgeting is not always considered a fun or glamorous task, it's necessary to ensure that your money will last throughout the rest of your life. Here's some information on how far your money can go in Kansas City.
Cost of Living in Kansas City
Kansas City is host to NASCAR's Kansas Speedway as well as a variety of casinos that are located nearby. There are also plenty of local parks such as the Vast Wyandotte County Lake Park and Kaw Point Park where people can spend time in the beautiful local outdoors.
Kansas City is currently home to 151,000 residents and the cost of living is below the national average, making this city a great place for seniors to settle down.
Assisted Living Costs
If you are looking for an assisted living home in which to stay in the Kansas City area you can expect to pay an average of about $2,600/month. Depending on the amenities and accommodations you wish to have as well as the location of the facility you can expect to pay between $1,450/month and $4,700/month.
Nursing Home Costs
If you are looking for a nursing facility to stay at you can expect to pay a bit more than you would if you were getting a room in an assisted living facility. A semi-private room throughout the Kansas City area runs about $4,050/month or about $135/day. On the other hand, if you are looking for a private room you will be paying about $4,350/month or about $145/day.
Home Care Costs
If those numbers make you want to think twice, you might consider a more affordable alternative to long-term care and assistance that you need. Considering a caregiver might be a great idea for you. A caregiver can come to your home and help you with the housework and weekly errands you need assistance with while allowing you to live your lifestyle in the comfort of your own home. You can continue to follow a daily routine you like and are accustomed to.
The average caregiver cost tends to run about $20/hour which means you could hire a assistance to help you with your needs for 20 hours a week for about $400/week or $1600/month—that's only a fraction of a cost of what it costs to live in a nursing facility long term.
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.