Assisted Living Communities in Loveland, Colorado

Loveland’s monthly costs are considerably higher than Colorado’s state average of $4,750 and the national average of $4,500. The second-most-expensive city in Genworth’s Colorado data is Denver, where seniors pay $5,550 a month. In Grand Junction, far to the west and close to the Utah border, seniors pay $4,250 a month, and in Fort Collins, just north of Loveland, they pay $4,000. The state’s lowest reported prices are in Pueblo at $3,800.

The Genworth Financial Cost of Care Survey 2021 reports that Loveland’s assisted living facility residents pay an average of $6,275 per month for such care. 

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 Colorado page.

The most expensive type of long-term care in Loveland, as in most markets, is nursing home care; a semiprivate room is well into five digits at $12,167 a month. In-home and home health care average $6,769 in the city, approximately $500 per month more than assisted living. Adult day health care only provides coverage during regular work hours but is still expensive at $4,333 per month. 

The Colorado Department of Public Health and Environment is the government agency responsible for overseeing assisted living facilities in Loveland and ensuring they comply with state law. Colorado law generally considers assisted living residences with as few as three non-owner occupants to also fall under the licensing duties of the CDPHE.

• Loveland’s cost of living is 14% higher than the national average, but the state of Colorado’s cost of living is 21% higher than the national average. It’s also worth noting that most of Loveland’s elevated cost of living comes from the cost of housing, which is 51% over the national average. Loveland’s COL is below the U.S. averages in most other categories, including health care and transportation.
• Seniors may be able to save a little money on taxes by living in Loveland. Though the income tax rate is identical to the national average at 4.6%, purchases are taxed at a rate of 6.5%, slightly lower than the U.S. average of 7.3%.
• The climate and weather in Loveland are likely to agree with seniors who like the sun. The average Loveland year sees 223 sunny days, while in the greater U.S., the average is 205. Average high temperatures are from May to September in the low 70s to high 80s. The area also sees less than half as much rain as the average U.S. city at 16 inches per year compared to 38 inches nationally. That said, winters can get quite cold and snowy, with average lows regularly dipping into the mid-teens and an average of 46 inches of snow per year against 28 nationally.
• This part of Colorado has exceptionally good water quality; it’s rated 99 on a 100-point scale, with the U.S. average much lower at 55. Loveland’s air quality, while not as exceptional, is also considered superior to U.S. averages, scoring 65 on the 100-point scale while the nation averages 58.
• Loveland seniors have access to some of the best health care in Colorado; the city’s main hospital, UCHealth Medical Center of the Rockies, is ranked among the state’s top five medical facilities by U.S. News and World Report, as is UC Health Poudre Valley Hospital, located 30 minutes to the north in Fort Collins.