Memory Care Communities in Montrose, Colorado

Montrose seniors pay $5,781 per month for residential dementia care, running about $907 below the national norm of $6,688 and $560 under the median rate in Colorado at $6,341. Local rates are more affordable compared to nearby cities: in Colorado Springs, where seniors pay $6,341 for care, and Denver, with monthly rates at $6,250. However, in Boulder, care costs are slightly lower at $5,750.

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.

In Montrose, memory care residents pay $5,781 per month for services. However, rates may vary due to location and amenities.

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 Colorado page.

Memory care costs in Montrose come in at a baseline monthly rate of $5,718. This figure is about $320 less than the fees seniors pay for nonmedical in-home care services, such as light housekeeping and personal care, and $1,460 less than skilled home health care services, such as disease management and medication administration. Assisted living, which offers housing and personal care services costs about $1,155 less than memory care. 

Memory care communities in Montrose obtain licensing as assisted living residences from the Colorado Department of Public Health and Environment. This department provides facilities with training tools and sets minimum standards for care, nutrition and medication services, staffing and housing. It also investigates reports of abuse or neglect.

• On a 100-point total crime index, Montrose scores 12 points, indicating that most U.S. communities have less criminal activity. However, while property-related crime occurs more frequently here than in a typical U.S. city, with a rating of 26.42 incidents per 1,000 people compared to 20 incidents nationally, this score is below Colorado’s norm of 31.48. Additionally, violent crime occurs at a significantly lower rate of 1.38 incidents compared to 4.92 statewide and 4 nationally, making Montrose a safe option for prospective memory care residents.
• The AARP Livability Index gives Montrose a score of 57 points, which is 9 points higher than the average U.S. city score and indicates high access to features and benefits for seniors. Older adults benefit from amenities such as 5.4 cultural institutions per 10,000 people, some of which may offer early-stage engagement programming for those with memory loss. There are also three parks within a half-mile radius of any point in the city.
• Colorado has a flat state income tax rate of 4.4%, but it helps older adults reduce their liability through generous deductions and exemptions. For example, the state exempts up to $24,000 of Social Security benefits, pension income and withdrawals from retirement accounts for those aged 65 and over. These exemptions leave more money in the bank for memory care expenses in Montrose.
• Out of Colorado’s 59 ranked counties, Montrose County comes in 32nd for general health. Even so, its average life expectancy outpaces state and national norms at 80.6 years. Also, there is one primary care physician per 1,200 people compared to the national ratio of 1:1,310, optimizing access to dementia services.
• Montrose's cost of living surpasses the national norm by 33%, mainly due to the high cost of transportation and health care. Fortunately, housing and utility prices align with or fall below national rates, promoting affordable pricing in local memory care communities. Additionally, the state funds long-term services and supports programs to help qualified individuals pay for residential care.