Paying for Senior Living
How much does senior living cost in Phoenix?
Navigating the wide range of senior living options can be daunting, especially when determining the cost and how to pay for it; knowing where to start can be even more daunting.
We understand that cost is one of the most crucial factors when considering senior living. You might wonder, "How much does senior living cost?" This page has been designed to serve as a comprehensive resource that can help you understand how much senior living costs and how to pay for it.
Our team of professionals is here to help answer this and any other questions about independent and assisted living. Our goal is to ensure you have access to all the information you need to make an informed decision that fits your budget and meets your needs.
For seniors living on a low income, the process of finding the right senior living option can be overwhelming.
We are here to help.
On our Assistance for Seniors on Social Security resource page, you can easily find information on government housing assistance programs, download and print important documents, and learn about the application process.
For Veterans and survivors who qualify, the VA Aid and Attendance or Housebound program provides additional funds to a monthly VA pension payment.
To learn more about the VA Aid and Attendance program, including eligibility requirements and how to apply, please follow the link below:
Paying Privately for Independent and Assisted Living
The phrase "private pay" refers to an individual using their personal resources to cover the cost of housing, healthcare, services, or activities. It is also commonly called paying "out-of-pocket" or utilizing existing assets or savings.
The level of care, location (city or state), and service packages are some of the top factors that shape the cost of senior living. Meal plans, housekeeping, and transportation are all physical amenities we can see and touch; they are relatively easy to calculate when studying your budget. However, the intangible benefits such as activities, wellness programs, and being part of a community of your peers are more difficult to calculate.
Cost of Independent Living in Phoenix
In the Phoenix metro area, monthly rents generally start at $2,300/month and go up from there, depending on the size of the apartment or the floor plan selected. In some cases, there may be a premium for apartments in a particular campus location or with a desirable view. The monthly fee covers a package of services and amenities, such as meals, scheduled transportation, security, and much more.
In-Home Services for Seniors
Some Independent Living communities offer home health services that residents can add monthly. For example, if a resident needs extra help after a hospital stay or surgery, supportive services can help with medication reminders, shower assistance, or laundry.
Senior Living Cost Calculator
If you are ready to analyze the numbers, we encourage you to visit our Costs of Senior Living page. Here, we have created a worksheet that can help you consider the costs of your current living situation and see how they compare to those in a senior living community. You can also download a print-friendly version of our Senior Living Cost Calculator here.
"Simply Independent" - A Flexible Option
Simply Independent is our flexible senior living option that offers many of the same services as our traditional Independent Living at a lower monthly rent. This gives you more control over your monthly budget by allowing you to add extra services as you wish. Follow the link below to learn more!
Cost of Assisted Living in Phoenix
The average monthly cost for Assisted Living in Phoenix is just over $5,770/month*. Pricing structures can vary from one community to the next, but the monthly fee is typically based on the level of care a resident receives.
Before admission, each resident will complete a health assessment with the Assisted Living Manager, which helps determine the level of care that is best for their particular needs.
Some Assisted Living communities utilize a 'point system' to calculate the monthly fee, while others establish a flat monthly rate for each level of care. For example, at The Oasis Assisted Living, we provide three levels of Assisted Living services: Supervisory, Personal, and Direct Care - each of which has its own monthly rate.
*Data derived from Genworth's Cost of Care Survey tool, adjusted for 2024, and an annual inflation rate of 5%. Download PDF.
Assisted Living & Long-Term Care Insurance
For families who have long-term care insurance, their policies may cover a portion, all, or none of their monthly fees. Because each policy is different, we recommend checking with your agent to clarify the benefits of your particular plan.
While we cannot verify benefits on your behalf, we are happy to provide the documentation your insurance carrier requires to confirm the payment of benefits. Typically, carriers ask the facility to complete a questionnaire and provide a copy of their state license.
Senior Living Options in Phoenix
If you have questions and want to learn more about Independent and Assisted Living at Fellowship Square Phoenix, call or email us. We are always happy to help!
