As you and your family discuss the costs associated with aging, it’s important to consider long-term care options. Some are more expensive than others, and this difference can significantly impact your budget — especially if a senior is living on a fixed income. Let’s discuss some of the long-term senior care options in Waco to help your family plan accordingly.
Cost of Living in Waco
The cost of living in Waco, TX, is actually 13% lower than the national average. This means that seniors typically spend less on groceries and housing, which can be large expenses. With these savings, seniors may be able to allocate a bit more toward their long-term care. Let’s dive into the costs of some of these options.
Assisted Living Costs
Assisted living facilities are designed for seniors that need some help with tasks of daily living but do not require much medical assistance. They can give families peace of mind, but seniors may struggle to leave home and adapt to a new environment. The average cost of an assisted living facility in Waco is $2,700, but rooms can range from $1,450 to $4,500, depending on the amenities provided.
Nursing Home Costs
Nursing homes are more expensive than assisted living facilities, but they also provide more services. Skilled nursing facilities provide round-the-clock medical attention, which can be great for seniors with advanced dementia or chronic health conditions. Shared rooms average $3,800 while private rooms average $5,200 per month.
Home Care Costs
However, going to a facility is not your only option! Home care can be a great way for seniors to save on costs while also getting the support that they need. Home care involves a caregiver that comes to the home of a senior to provide support with tasks of daily living. Additional home health care services can provide some medical attention. Plus, these services can be provided within a senior’s home, so they can remain comfortable.
The average cost for home care is $18 per hour in Texas. Because home care is on your schedule, you can get services for as many or as few hours as you need. So, if you needed care 20 hours of care each week, the cost would be $360 per week, or about $1,500 per month. This option can be much more affordable for seniors because of the flexible schedule.