Assisted Living Communities in Princeton, Illinois

Assisted Living costs in Princeton start around $4,950 per month on average, while the nationwide average cost of assisted living is $4,000 per month, according to the latest figures from Genworth’s Cost of Care Survey.

It’s important to note that assisted living rates in Princeton and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.

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 Illinois page.

More than 7,000 residents live in Princeton, a city that delivers small-town charm thanks to its easy-to-navigate, historic downtown district that seniors can explore. Nearly one-quarter of the population in Princeton is age 65 or older, and there are two assisted living facilities in the area to deliver care for this large senior population. 

The Illinois Department of Public Health licenses and regulates assisted living facilities to ensure they provide high-quality care to seniors in Princeton and throughout the state. These facilities must obtain annual licensing to operate.

• Cost of living in Princeton is below the national average, ranking 81.2 on a scale where 100 represents the average. Housing and transportation costs are particularly low, ranking 53.9 and 70.1, respectively. However, healthcare costs come in above average, a factor seniors may want to keep in mind when considering Princeton.
  
• Illinois has senior-friendly tax laws, which may deliver some savings to Princeton seniors. The state exempts nearly all retirement income, including Social Security benefits and 401(k) benefits, from taxation.
  
• Crime rates are low in Princeton. On a scale where one represents the safest city and 100 the most dangerous, the violent crime rate is 12.9, compared to a national average of 22.7. The property crime rate is 26.9, which is also lower than the national average of 26.9.
  
• The Bureau & Putnam Area Rural Transit, or BPART, operates a curb-to-curb transportation service throughout Princeton. Fares are low, and seniors over 60 are only expected to offer a donation rather than pay the full fare.
  
• The Princeton area is home to world-class medical facilities, including Perry Memorial Hospital, in the event of medical emergencies or illness.
  
• Princeton has an array of community resources for seniors, including the Bureau County Senior Citizens Association, an organization that offers a daily meal program, transportation, income tax help and legal assistance as well as one senior center.

Note: Data reported on this page was updated in 2019 and based on the latest 2018 figures.