Assisted Living Communities in Prescott, AZ

According to the 2024 Genworth Cost of Care Survey, Prescott’s median assisted living rate falls near $6,450 per month. This rate runs $1,100 over the national baseline and exceeds costs in many nearby cities. For example, in Phoenix and Lake Havasu City, facilities charge around $5,500 and $4,925, respectively, and seniors in Tucson pay roughly $4,575.

To budget for assisted living expenses in Prescott, seniors typically rely on robust strategies that incorporate public and private payment solutions. Medicaid and Medicare don’t cover all care costs but can help seniors reduce monthly payments, and many local facilities accept veterans’ benefits. Seniors also use their assets and income to pay for care.

• Medicaid: The Arizona Long Term Care System pays for long-term care services for those who meet functional and financial criteria. While this Medicaid managed care program doesn’t pay for room and board, its benefits include case management, personal care assistance, housecleaning and meals.
• Medicare: This program helps seniors reduce their monthly care costs by paying for third-party home health care services. However, its coverage doesn’t apply to standard assisted living services.
• VA Benefits: Aid and Attendance, Housebound benefits and the Geriatrics and Extended Care program help older veterans pay for assisted living services. Through these programs, seniors can cover meals, personal care and transportation services.
• Private payments: Residents draw from their retirement income and savings to pay for all assisted living expenses, including housing, care, meals and recreation. Depending on their financial situation, this money may come from their Social Security benefits, pensions, 401(k) savings or their home’s equity.

In Prescott, seniors who choose assisted living pay around $6,450 per month for residential services, saving them money over institutional care fees. By comparison, seniors with complex medical needs pay higher rates of roughly $6,661 for semi-private accommodations in local nursing homes. 

• Overall, Prescott’s cost of living tracks about 16% above the U.S. norm. However, health care costs in the city compare favorably to the national average, and many assisted living facilities accept ALTCS to help income-qualified seniors pay for long-term care.
• Prescott’s clean air benefits assisted living residents, particularly those living with chronic heart or lung conditions. Ozone pollution levels in the city remain low throughout the year, with the American Lung Association giving the region an A grade for this metric.
• Temperatures in Prescott run high in the summer at a daytime average of 87 degrees Fahrenheit. During the winter, the city sees mild conditions with average highs between 49 and 57 degrees Fahrenheit. To make the most of the city’s warm climate, many assisted living facilities offer outdoor amenities such as walking paths and gardens.
• Yavapai Regional Transit provides fixed-route bus services throughout Prescott and surrounding cities, helping assisted living residents access local services and amenities. Currently, it offers free bus service on all routes.
• The Prescott region outpaces state and national norms for health care factors and outcomes, indicating access to high-quality medical support for assisted living residents. The region reports low preventable hospital stays, with the rate at 1,719 incidents per 100,000 Medicare beneficiaries, and a high number of social, religious, political and civic organizations contribute to a sense of community.