Assisted Living Communities in North Olmsted, OH

In North Olmsted, assisted living facilities charge monthly median rates of $4,940 for care, which is about 7% higher than the Ohio norm and 10% more than the national average. Local care costs are also high compared to rates in nearby cities, including Youngstown, where monthly fees are slightly more competitive at $4,738, and Lima, where seniors pay about 7% less per month for care. In Columbus, rates are even more economical at $4,085, and in Springfield, care costs are about 26% less than in North Olmsted.

 

Assisted living facilities in North Olmsted charge $4,940 per month for care and housing.

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 Ohio page.

Assisted living residents in North Olmsted pay $4,940 per month for housing and care. This is about 41% less than the cost of nursing home care, which includes 24-hour medical support and monitoring in an institutional setting. Assisted living is also a budget-friendly alternative to in-home care and specialized home health care, which come in at $5,196. While seniors may save about $3,150 per month by opting for adult day health care, this option doesn’t include housing, which may make it a costlier alternative for seniors with mortgage or rent obligations.