Calculating the Cost of Senior Living
Many factors come into play when deciding on the right senior living community for you. While each person's list of 'must-have' amenities might vary from one to the next, affordability is certainly a line item on everyone's list. Two of our most frequently asked questions are, "How much does independent living cost?" and "What is included?"
Our Independent and Assisted Living community in Phoenix offers several senior living options to fit a wide range of budgets. If you are unsure of your budget or want to explore affordable senior housing, we encourage you to visit our Paying for Senior Living page to learn more.
The Intangible Benefits of Senior Living
When comparing the cost of senior living to your current living situation, it's essential to review what services and amenities are included in independent living and consider the benefits of what senior living communities offer.
It's not only how many meals are included in your monthly rent but also the intrinsic value of sharing a meal with neighbors.
The intrinsic value of human connection - gathering around a table to share a meal with others, developing new friendships, learning new hobbies, and becoming part of a community. Household budgets don't have a line item for these assets, yet these are all fundamentals in maintaining your independence, overall health, and wellness. Priceless.
Compare the Costs and Benefits of Independent Living
We have created the worksheet below to help you compare the costs of your current living situation with the costs of living in a retirement community like Fellowship Square Phoenix. This worksheet will also help you weigh the amenities and services included in your monthly rent – such as lawn care, housekeeping, and maintenance, against the costs of similar services you currently pay for in your own home.
As you review the worksheet, enter the amount you currently pay at home next to each expense type. For costs such as unexpected home or appliance repairs, it's sometimes helpful to look at past repair bills and enter a ballpark number.
For items marked with an asterisk *, please see 'Understanding Additional Costs & Flexible Expenses' at the bottom of the page for complete details.
Download a print-friendly version of our Senior Living Cost Calculator
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Cost Comparison Worksheet
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Understanding Additional Costs & Flexible Expenses
| Social Events & Activities | The vast majority of activities and social events on campus are free. For trips off-campus, such as attending live theater or visiting a museum, residents pay for their admission tickets, meals, and incidentals. |
| Expanded Cable | Extended Cable is included in monthly rent (includes music channels). Upgraded TV/Cable packages may be purchased directly through the cable provider. |
| Internet | Free WiFi & computers are available in the Learning Center & Activities. To set up Internet service in your apartment, contact Internet provider directly. |
