Memory Care Communities in Thousand Oaks, CA

Memory care in Thousand Oaks is more expensive than in many areas, exceeding both the California and U.S. monthly averages by $625 and $1,563, respectively. Both Santa Maria and San Luis Obispo offer memory care at the same average monthly rate of $6,625. Costs decrease somewhat in Los Angeles to $6,563. Care is much more affordable on average in Bakersfield, where seniors can receive memory care for an average of $4,688 per month.

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we’ve estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth’s 2021 Cost of Care Survey.

Memory care costs an average of $7,188 per month in Thousand Oaks.

While many families use their own funds or personal assets to pay for memory care, there are plenty of additional options to cover these costs. Some additional ways to finance memory care costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance memory care, visit our Memory Care in California page.

Memory care is one of the most expensive care types available in the Thousand Oaks area, outpaced only by nursing home facilities, which offer 24-hour skilled nursing and charge an average of $11,254 per month for a semiprivate room. Seniors can receive in-home care and home health care for $5,815 and $6,054, respectively, if they opt to age in place. Those not yet requiring memory care and who have no major medical concerns may choose assisted living facilities, which average $5,750 per month in Thousand Oaks.

The Community Care Licensing Division, run by the California Department of Social Services, is responsible for overseeing memory care and other senior living facilities in Thousand Oaks and the rest of the state. This division ensures facilities follow state regulations for care and supervision and also inspects and investigates claims of violations. 

• Like most of California, Thousand Oaks has an extremely high cost of living at 66% higher than the national average. This also outpaces the California average cost of living by 17 points. This is highly influenced by a housing market nearly 300% more expensive than the national average. Health and grocery costs are more in line with the national averages.
• Thousand Oaks is a very safe area, with both violent and property crime rates well below the national average. On a 100-point scale, with 100 being high crime, Thousand Oaks has a violent crime rate of 11.1 compared to 22.7 nationally. Property crime is at 21.2, with the national average at 35.4. 
• Thousand Oaks offers a very comfortable climate to its residents, scoring an 8.8/10 on the BestPlaces Comfort Index. Summers are a bit warmer than the national average with an average high of around 89 degrees in the summer and lows rarely dropping below 44 degrees in winter. Sun shines more often than not, with 268 sunny days per year on average.
• There are 183 physicians per 100,000 people in Thousand Oaks, below the national average of 210. However, the city is also home to Los Robles Regional Medical Center, which offers high-quality health care and serves as the area’s only Level II trauma center. It also offers services such as stroke rehabilitation, geriatrics, oncology, orthopedic care and physical therapy and rehabilitation.
• Thousand Oaks’ sales tax rate is on the higher end at 7.25%. The state also has an income tax rate varying from 1% up to 13.3% depending on income, including most retirement income. These taxes can build up quickly, especially with additional federal taxes on retirement income. However, the state does not tax Social Security benefits. 
• As of 2022, Ventura County joined the AARP Network of Age-Friendly Communities. This means that the county has dedicated itself to becoming more senior-friendly, developing resources and amenities to help seniors live comfortably in the area. Ventura County’s action plan includes strengthening transportation, creating age- and disability-friendly parks and developing more affordable residential care facilities.