The cost of living is constantly rising seniors oftentimes face many unique challenges when trying to make ends meet and cover all of their expenses. Moreover, many seniors are in need of special medical care or assistance for a variety of health reasons. This makes the cost of living even more expensive.
Cost of Living in Wilmington
Wilmington's cost of living is pretty comparable to many other cities in the US. The cost of living is only 4% below the national average. However, making ends meet still often means that seniors must understand the average costs of living in their area so they can make the best choices with their money to help it stretch as far as possible.
Assisted Living Costs
If you live in Wilmington, North Carolina, you can expect to dole out about $2,000/month to live in the average assisted living facility. Some facilities are priced as low as $1,100/month while others charge the upward of $4,260 depending on the living arrangements and accommodations you are looking for.
Nursing Home Costs
If you are looking to stay in a nursing facility, that cost will likely be much higher as more intensive care is provided. For a semi-private room, you can expect to pay about $5,250/month or about $175/day. If you are looking for a private room, the price tag can climb as high as $5,850 per month or about $195/day.
Home Care Costs
Caregivers are a great, affordable option for people who are not able to pay $2,000 to $5,000 or more to stay at a facility. In-home caregivers come to you in the comfort of your own home and can usually be hired in the Wilmington area for about $19/hr.
This works even better if you are able to have assistance a few hours a day to do housework and run errands. Even hiring assistance for 20 hours per week will run about $380/week or $1,520/month versus the thousands more full-time nursing care can cost.
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.