Assisted Living Communities in Madison, Indiana

Assisted Living costs in Madison start around $3,245 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 Madison 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 Indiana page.

The city of Madison is most recognized for its historic buildings, its beautiful parks and its unique shops. The city hosts two annual parades, including the Christmas Parade during the holiday season and the Regatta Parade in the summer. Madison is a relatively small city with less than 12,000 residents, but it has a large senior community that accounts for nearly 20% of the population. 

The Madison area has three assisted living facilities, including two in the city proper and one in nearby Hanover. In Indiana, assisted living facilities may be called residential care facilities, and they are licensed by the Family and Social Services Agency Division of Aging.

• Crime in Madison is rated 56 out of 100, indicating that this city's crime rate is fairly average in comparison to other U.S. cities of all sizes. When compared only to similarly sized communities across the country, Madison's crime rate is considerably lower. This may make the city a good option for seniors who enjoy being out alone in the community. 
  
• Madison has long, warm and humid summers with July highs in the mid-80s and muggy conditions more than 60% of the time, and winters are chilly with highs near 40 degrees. The city gets just 13 inches of snow annually, half the national average, which might appeal to seniors who use mobility aids.
  
• The overall cost of living in Madison is about 20% below the national average and 6% below the statewide median, which may make the city a financially viable option for seniors on fixed incomes. Healthcare is particularly affordable in this city, with average costs for doctor's visits, hospital stays and dental care coming in more than 20% below the national median. 
  
• In Indiana, seniors pay state income tax on income from retirement accounts and pensions, but Social Security benefits are not taxed. This may let seniors in Madison put more money toward assisted living expenses. 
  
• The Madison area is home to world-class medical facilities, including King's Daughters' Health, in the event of medical emergencies or illness.
  
• In Madison, public transportation is provided through the Catch-A-Ride service from Lifetime Resources. On-demand service is available on weekdays from 6 a.m. to 6 p.m., and seniors ride for a discounted fare.

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