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The true value of memory care: weighing the cost

If you or a loved one are considering a move to a senior living community, one of the biggest questions is often: Can I afford it?

It's natural to question whether the cost is justified. While memory care can be expensive, the benefits—such as the amenities, services, and lifestyle it offers—make it a worthwhile investment, particularly when compared to maintaining a home. Let's dive into the costs and value of memory care.

What is memory care?

A specialized form of care created for individuals living with Alzheimer’s disease, dementia, or other types of memory loss. It offers a secure, supportive setting with 24/7 supervision and personalized assistance, specifically designed to meet the unique needs of those with cognitive challenges.

Cost estimates for memory care can vary widely based on location and amenities, but research from the National Council on Aging suggests monthly fees range from $1,700 to $4,600.

Understanding the value

When assessing memory care, the value comes from the comprehensive services and the lifestyle included. These communities offer a resort-like atmosphere with spacious living spaces, concierge services, fitness centers, pools, dining options, and even beauty salons. They’re often pet-friendly too.

Beyond leisure, memory care provides practical benefits like housekeeping, lawn care, and transportation, reducing the burden of home maintenance. This allows residents more time to enjoy activities and social interactions, something that can be harder to achieve at home.

Furthermore, residents can have peace of mind knowing that one monthly fee covers all these services. memory care can even save money compared to living independently at home when factoring in all the associated costs—maintenance, utilities, transportation, and more.

Why make the move?

  • One easy, all-inclusive monthly payment
    Instead of juggling multiple bills, your monthly cost typically covers housing, meals, utilities, maintenance, housekeeping and more.
  • No more surprise repairs or upkeep
    You won’t have to worry about home repairs, lawn care, property taxes or insurance — expenses that add up quickly
  • Reduced transportation expenses
    Transportation is provided for outings and events, and can be scheduled for medical appointments, helping you reduce or eliminate car-related expenses.
  • Health care when and where you need it
    With Tanner Health’s support and access to on-site healthcare services, residents can benefit from coordinated care in a familiar setting.
  • Delicious, nutritious meals included
    Say goodbye to grocery lists and meal prep — enjoy chef-prepared meals every day, with menus designed for your health and satisfaction.
  • Fewer bills, fewer worries
    Managing fewer monthly expenses can reduce stress, especially for those dealing with memory or cognitive concerns.
  • Activities that enrich and engage
    From fitness classes and hobby groups to lifelong learning and social events, our lifestyle and activities directors offer something for everyone — with added wellness support from Tanner’s Get Healthy, Live Well initiative.

This worksheet helps you compare your current monthly living expenses with what’s included in a single, predictable fee at The Birches — making it easier to see the full value.

Senior Living Cost Comparison Worksheet

When deciding whether to move into a senior living community, it’s important to compare your current expenses to what’s included at The Birches on Maple community. Use this as a general guide — actual costs and services may vary based on your level of care. For a detailed breakdown of the cost of Senior Living at The Birches on Maple, connect with a community representative.

Living Expenses
(varies by living option)
Current Cost Community Cost
Mortgage / Rental payment $________/mo Included
Homeowner’s Insurance $________/mo Included
Property Taxes $________/mo Included
Grocery Costs $________/mo On-site Dining
Housekeeping / Laundry $________/mo Included
Home Maintenance
(e.g. plumbing, electrical)
$________/mo Included
Lawn Care (e.g. mowing, trimming, etc.) $________/mo Included
Utilities
(varies by living option)
Current Cost Community Cost
Electricity / Gas $________/mo Included
Water $________/mo Included
Internet $________/mo Included
Trash / Waste Services $________/mo Included
Safety
(varies by living option)
Current Cost Community Cost
24-Hour Emergency Monitor $________/mo Included
Automobile expenses
(varies by living option)
Current Cost Community Cost
Car Payment or Transit Fees $________/mo Shuttle
Gas / Oil / Tires $________/mo Shuttle
Vehicle Registration / Licensing $________/mo Shuttle
Auto Insurance $________/mo N/A

Total Monthly Expenses $________/mo $________/mo

Click to download our Senior Living Cost Comparison Sheet

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