read

How Far Does Your Money Go in Mercer County?

By Alyssa Ball

Are you a senior who carefully budgets your income every month? If so, then you know it is important to take a look at the cost of living in an area before moving there or even moving out. Mercer County, NJ, has a higher overall cost of living when you compare the area to other places in the United States. This means that just by staying or moving there, seniors will be forced to pay higher amounts for the necessities, such as housing, food, and transportation.

Seniors may also be considering a different living situation as they get older. Assisted living centers and nursing homes may seem like the right answer, but when you consider just how much they cost, you'll realize they can actually bankrupt you. Let's take a look at the average costs for these facilities in Mercer County.

Assisted Living Costs

You can expect to pay around $3,850 a month to live in a center that offers different assistance with your daily activities, such as dressing and eating. However, that cost can go as high as $4,900 for some centers, an amount that is too high for most of us.

Nursing Home Costs

A nursing home in Mercer County starts at $263 a day and can max out at $280 a day. The amount depends on whether you wish to have a private room or if you are okay with a roommate.

Home Care Costs

Seniors who still wish to live independently should forgo moving into an expensive assisted living residence and instead hire a caregiver. Caregivers charge an average of just $19 an-hour in this area. Seniors can arrange for a couple of hours of help on a daily basis while maintaining their independence.

As an example, seniors who only need help two hours a day, Monday through Friday, will pay about $190 a week for care. That's less than one day in a nursing home with a roommate you hate!

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.