Assisted Living Communities in Colorado Springs, CO

The Genworth 2024 Cost of Care Survey reports that seniors in Colorado Springs can expect a monthly expense of $5,073 for assisted living. While slightly higher than costs in Denver ($5,000), local rates fall below those in Pueblo and Fort Collins, at $5,208 and $5,433, respectively. For more affordable care costs, seniors may look to Boulder. There, monthly rates remain $473 below those in Colorado Springs.

Seniors in Colorado Springs rely on a mix of public and private payment solutions for assisted living expenses. These include state and federal health insurance programs, veterans’ benefits and private resources.

• Medicaid: Colorado Medicaid administers the Elderly, Blind and Disabled Waiver, which pays for assisted living services for those who need nursing home level care. Services this waiver covers include nonmedical transportation, specialized medical equipment, housekeeping and personal care assistance.
• Medicare: While Medicare doesn’t pay for assisted living, it can help beneficiaries cover specialized equipment and services they receive while living in a residential care community. This may include skilled nursing services, rehabilitative therapies and durable medical equipment.
• VA Benefits: Colorado Springs veterans may receive assistance with residential care through several VA programs. The Geriatrics and Extended Care program pays for personal care services, meals and transportation, while Aid and Attendance and Housebound benefits increase veterans’ monthly pensions to help them afford living and long-term care expenses.
• Private payments: Assisted living facilities accept personal funds for all types of expenses, including room and board, meals, transportation and personal care services. Depending on their resources, seniors may make private payments from their Social Security and pension income, proceeds from home sales, retirement savings and long-term care insurance.

Seniors can choose from numerous care options in Colorado Springs. In-home care costs exceed those of assisted living by $1,600, at $6,673 per month. Home health care rates are slightly lower at $5,720, though still more expensive than assisted living. Nursing home care proves the most expensive type of senior care at $9,125 per month for a semi-private room. 

• The cost of living in Colorado Springs exceeds the national norm by just over 6%. Fortunately, many local assisted living facilities provide affordable care by accepting the EBD Waiver, and our proprietary Caring.com database shows that around 10 facilities accept veterans’ benefits.
• Colorado Springs joined the AARP Age-Friendly Network in 2015, and it fosters a welcoming environment for assisted living residents through safe and accessible parks, affordable housing and expanded respite and health services.
• Annually, Colorado Springs sees around 111 crimes per square mile annually compared to the U.S. norm of 26.5. Most of the criminal activity occurs in the city’s central neighborhoods, so seniors often look for assisted living facilities in neighborhoods such as Fort Carson, Rock Creek Park and Black Forest East.
• Mountain Metro Transit operates a fixed-route bus service with regularly scheduled routes throughout the city, as well as Metro Mobility paratransit services for seniors unable to use the regular bus service. Additionally, many assisted living facilities provide in-house transportation services to promote convenience for seniors who don’t drive.
• Assisted living residents in Colorado Springs can claim a deduction of up to $24,000 on their state income taxes, significantly reducing or eliminating their tax burden.