Not all assisted living communities are created equal in terms of services provided and costs. This video explains the difference in cost from one assisted living facility to another.
The way the two presenters break down the comparison in this video is of a large facility versus a small or residential one. One thing to keep in mind is that, typically, the cost of care is already figured into the total cost at a residential facility. On the other hand, care costs are separate at a large facility.
With that in mind, it is suggested that the minimum monthly cost for a residential home is approximately $2800. However, one with memory care included will usually cost about double.
A large facility costs an average of about $3500 in the state of Florida, and that doesn’t include care. Normally, what happens is that nurses do an analysis of the level of long-term care needed for the potential resident and then give an estimate of what monthly care would cost. That amount is typically in the range of $300 to $2000 per month, depending on the services needed. There are a small number of large facilities that are all-inclusive.