The 10 Best Assisted Living Facilities in Prior Lake, MN for 2024

Prior Lake, encompassing 15 lakes within its city limits, provides ample water-based recreational opportunities for seniors in their retirement years. Adults aged 65 and over, who comprise 12.9% of the city's 28,133 residents, have access to numerous medical facilities and big-city amenities in the nearby Minneapolis metro area.

Assisted Living communities provide comfortable residences and supportive services for their senior population. Staff members provide activities, therapies and nutritious meals to enhance residents' overall health. In Prior Lake, assisted living costs average $5,163 monthly, which is higher than the respective national and state medians of $4,500 and $4,508.

This guide gives seniors an overview of care costs and quality of life in Prior Lake. It also provides information regarding financial programs that could help individuals cover the cost of assisted living.

The Minnesota Department of Health safeguards the well-being and safety of seniors residing in assisted living communities by licensing facilities and screening employees. It conducts inspections to ensure facilities meet specified guidelines and publishes its findings to boost public awareness.

 

• Health care costs run 14.3% lower than the national average in Prior Lake, which can offer seniors significant savings for their out-of-pocket expenses during doctors' visits and medical tests. Many assisted living facilities also provide in-house physicians and therapists, which can help reduce medical costs even more.

 

• The cost of living in Prior Lake is just 6% higher than the rest of the nation's median price, with most of the difference occurring in the housing sector. Groceries tend to be cheaper, and utility costs are equal to the national norm. Seniors may notice a slight increase in public transportation fees, but assisted living residents often enjoy scheduled rides that offset this expense.

 

• Minnesota maintains a strict income tax law that charges a percentage of every type of retirement income, including Social Security. State sales taxes are the sixth highest in the nation. However, property taxes are comparable to national figures. Elderly homeowners may qualify for a Homestead Credit Refund to ease their financial burden, and they can seek out free tax counseling that may help them locate additional tax deductions and credits.

 

• Scott County ranks well for air quality, especially compared to counties with metropolitan cities. The low levels of ozone and air particles in the area can help reduce irritation in seniors' respiratory systems and make it easier for individuals with chronic lung issues to breathe.

 

• Minnesota winters require thoughtful preparation, as they are typically quite harsh, with temperatures dropping below 35 degrees Fahrenheit. Snow accumulations commonly happen in December, but 6 months of the year can see some amount of frozen precipitation. Seniors who enjoy warm-weather activities may benefit from the state's mild summers. Additionally, by taking advantage of the indoor activities and amenities that assisted living facilities provide, Minnesota elders can maintain their preferred lifestyles during the cold weather months.

 

Assisted living residents pay $5,163 monthly for accommodations in Prior Lake.

Prior Lake's assisted living facilities charge about $663 more per month than the national and statewide norms. Seniors living in Duluth pay $163 less per month than those in Prior Lake. Assisted living costs continue to drop in Rochester and St. Cloud, by a respective $983 and $1,063 monthly. Mankato's elders, however, see the greatest savings, with prices running approximately $3,135 — a 63% decrease.

With monthly rates of $5,163, assisted living offers an affordable care option for seniors to receive daily support and supervision. In-home care helps older adults with personal needs and homemaking tasks. Its counterpart, home health care, provides the same services with the addition of light medical aid. Both types of care share a $7,055 monthly cost, a 36.6% increase over assisted living.

Expenses rise even higher for seniors in nursing homes, where semi-private accommodations cost $6,545 more per month than assisted living. The most economical option, adult day health care, is $3,061 cheaper than assisted living but only offers assistance for a small portion of the day.

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 Minnesota page.