Assisted Living Communities in Conway, Arkansas

The 2024 Genworth Cost of Care Survey indicates that assisted living facilities in Conway charge a median monthly fee of $4,433. This amount runs hundreds of dollars below the U.S. median of $5,350, although it trends higher than costs in nearby cities. In Hot Springs, seniors pay lower rates of around $4,275, and in Fort Smith, care costs run over $1,000 lower than in Conway.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Arkansas page.

Assisted living costs in Conway come in at around $4,433 per month. Nonresidential alternatives, such as in-home care and adult day health care, cost less, with respective rates coming near $3,623 and $1,907. However, assisted living costs less than specialized options. For example, seniors pay around $1,300 more for home health care, and nursing homes charge approximately $8,441 for shared rooms.

The Arkansas Department of Human Services, Division of Medical Services, Office of Long Term Care licenses Level I and Level II assisted living facilities in Conway and communities statewide. It also licenses facility administrators and nurse aide training programs.

• Retirees in Conway benefit from a competitive cost of living. Health care costs are about 15% lower than the national average, and housing, transportation and utilities are also more affordable than usual.
• The number of property crimes and violent offenses in Conway is about 30% higher than the national average based on population size. Although this may concern individuals who live alone, Conway is still safer than 18% of U.S. cities.
• Conway has an appealing climate for older adults. Winters are mild with just 4 inches of snow and lows in the mid-20s, and the area receives more than 220 days of sunshine each year, about two weeks more than the U.S. average.
• Arkansas is a tax-friendly state for retirees according to Kiplinger. Military pensions are exempt, as are up to $6,000 in Social Security distributions. However, state and local sales taxes that apply to items, such as food and clothing, are higher than average.
• Health care access in Conway is mixed. The city has just 115 physicians per 100,000 residents, which is almost half the national average. However, there are two dozen hospitals within 25 miles, including several highly rated facilities in Little Rock.