As a senior, your income is probably limited to Social Security payments, a retirement fund, and savings that you put away through the years. You want to make the most of the money that you have available. Living expenses can change depending on where you live. If you live in Tucson, Arizona, or are thinking of moving there, you need to know how far your money will go for special concerns of the senior population. Here's a look at some common costs in the area.
Cost of Living
Cost of living includes things that everyone needs — the basics. It includes things such as housing, medical care, transportation, food and entertainment. The good news is that the cost of living in the area is 6% lower than the national average, and housing is 20% lower than the rest of the country.
Assisted Living Cost
Assisted living provides you with housing, prepared meals and light housekeeping. There are usually health care professionals available but only for emergencies. In Tucson, the average cost for this service is $2,850 per month, but you can spend as much as $5,700 monthly and as little as $1,650.
Nursing Home Cost
If you require more medical attention, a nursing home offers a medical staff along with a room and food. However, the cost of a private room per day is around $200 while you'll spend $165 daily on a semi-private room in Tucson.
Home Care Cost
Hiring a home health aide or caregiver allows you to live in your home and receive help, depending on your personal needs. Whether you need help a couple of hours a week or each day, the cost of a home health aide runs around $21 per hour.
Staying at home is almost always desirable for seniors, and it's clear that the cost of remaining at home and relying on a caregiver is significantly less expensive than the other options that force a senior to leave their homes and move into a smaller space.
Caring Senior Service offers exceptional caregivers who have a passion for senior care. Learn more about how our services can help your loved one.