The 5 Best Assisted Living Facilities in Monument, CO for 2024

 

Located in the Colorado Springs metro area, Monument offers a small-town atmosphere with access to urban amenities, including shops and restaurants. It houses 2 assisted living communities at a median monthly rate of $4,663. This exceeds the national norm of $4,500 but falls below Colorado's statewide median of $4,750.

In our directory below, you'll find 419 reviews reviews of Monument's assisted living communities, featuring an average rating of 4.81 out of 5 stars stars. These reviews provide valuable insights into Monument's long-term care options to help readers make informed decisions.

The Colorado Department of Public Health and Environment oversees and licenses assisted living facilities throughout Monument and the state. The agency provides licensure and certification requirements communities must follow. It also offers a searchable facility directory to help seniors find and compare long-term care options in specific counties or cities. 

 

• In Monument, average temperatures range from 53 degrees to 79 degrees Fahrenheit in the summer and 18 degrees to 47 degrees Fahrenheit in the winter. June to August experiences suitable weather for outdoor recreation. Additionally, assisted living communities provide indoor activities and amenities to enhance resident engagement during unpleasant weather. 

 

• Monument's cost of living is 5.6% higher than the national average. Residents pay higher average prices for housing, transportation and groceries. However, the city earns an AARP livability index score of 51, placing it in the top half of U.S. communities. Most assisted living facilities offer fixed monthly rates for services, which can alleviate financial concerns for budget-conscious seniors. 

 

• Colorado is tax-friendly toward seniors. The state partially taxes Social Security benefits, retirement account withdrawals and all types of pension income. Additionally, it provides large deductions on retirement income and exempts property taxes for homeowners aged 65 and older or their surviving spouses. These tax benefits provide additional funding for long-term care costs. 

 

• Monument ranks in the top 81% of safest U.S. neighborhoods. It earns violent and property crime rates of 2.71 and 18.99 per 1,000 residents, which falls below the national median scores of 4 and 20. Moving to assisted living can further enhance safety, since most communities implement security measures, including 24-hour surveillance and emergency response systems. 

 

• Monument health care costs fall approximately 3% below the national average. The city offers 201 local physicians per 100,000 residents, which ranks lower than the national average of 210 physicians. Due to its proximity to Colorado Springs, Monument rests near major hospitals, including UCHealth Memorial Hospital North. It also houses an urgent care center and a primary care office. Plus, many assisted living communities offer transportation services to local medical appointments to enable accessible care.

 

Seniors in Monument pay a median monthly rate of $4,663 for assisted living. 

Assisted living in Monument costs $4,663 per month. This surpasses the national norm by $163 but falls $87 below Colorado's statewide median. In Boulder, seniors pay a higher rate than those in Monument at $6,275, while Denver also carries a higher cost at $5,500. However, prices drop to $4,000 in Fort Collins and $3,800 in Pueblo, offering cheaper care options than those in Monument. 

Seniors in Monument have numerous care options to choose from. Assisted living offers residential daily living assistance, meals and social events for $4,663 per month. For daytime-only supervision and activities, seniors can access adult day health care for a lower rate of $1,733. Those wishing to age in place pay about $1,105 more than assisted living residents for home care or home health care. Home care offers personal care support and companionship, while home health care caters to medical needs, including wound care and medication administration. Meanwhile, nursing homes provide around-the-clock medical care for sick or injured seniors. They cost about $4,006 more than assisted living communities. 

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.