Assisted Living Communities in Anderson, Indiana

The 2024 Genworth Cost of Care Survey finds seniors in the Anderson region pay around $3,993 per month for assisted living, putting local care costs about $1,020 below the state norm. Although facilities in Bloomington charge lower rates of roughly $3,108, seniors in other cities typically pay more. For example, in Muncie, costs come in near $5,383, and facilities in Lafayette charge approximately $5,499.

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 Indiana page.

Monthly assisted living costs in Anderson come in near $3,993. This rate trends considerably lower than costs for other care options, including nonresidential adult day health care, which costs around $6,056 monthly. Seniors pay approximately $5,911 for in-home care and about $6,673 for home health care, while nursing homes charge roughly  $7,908 for semi-private units.

The Indiana Department of Health’s Division of Long Term Care is responsible for licensing and regulating assisted living communities and other residential care facilities in Anderson and throughout the state. The Division conducts regular on-site surveys and investigates complaints to ensure these facilities abide by the state’s rules and regulations.

• Anderson seniors have access to several major hospitals, including Community Hospital of Anderson and Madison County, which performs better than average in the treatment of heart and kidney failure, stroke, hip fracture, back surgery and COPD.
• The overall cost of living in Anderson is very low — 29.4% below the U.S. average and 11.5% below the Indiana average. The most significant savings are seen in the median home cost, however, and this doesn’t translate to lower costs in assisted living.
• Indiana is considered to be a moderately tax-friendly state for retirees. Income from Social Security is exempt from state income tax, and the average property and sales tax rates are relatively low.
• Anderson is rated highly on the BestPlaces Comfort Index, with a score of 8.9 compared to the U.S. average of 7.8, which is an indication of more comfortable year-round weather conditions.
• The cost of health care is 14.1% below the national average, although there are fewer physicians per person and Anderson’s water quality is relatively low.
• Neither Anderson or Madison County are members of the AARP Network of Age-Friendly States and Communities. This doesn’t necessarily reflect negatively on the area, however, as membership only represents a commitment to improving senior livability over time.