Memory Care Communities in Parker, CO

In Parker, memory care communities charge a monthly norm of $6,250, saving seniors nearly $100 off Colorado’s rate and about $440 over the national median. Local rates compare favorably to memory care fees in Colorado Springs and Pueblo, where respective costs come in at around $6,341 and $6,510. In Boulder, however, rates run about $500 lower than in Parker.

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 rates in Parker come in at a median of $6,250 per month.

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 residents in Parker pay around $6,250 per month. This rate runs higher than standard assisted living services, which come in at around $5,000 for residents who require daily assistance but don’t need dementia support. It also exceeds adult day health care costs, with nonresidential facilities charging approximately $1,950 for personal care services and meals. On the other hand, memory care residents pay low rates compared to the median of $7,627 in-home care agencies charge for personal care services in the individual’s home and the $7,817 home health care agencies charge for skilled nursing services. Similarly, nursing home care, which includes 24-hour medical support and supervision, has a higher monthly rate of around $9,384.

The Colorado Department of Public Health and Environment licenses all memory care communities in Parker. Additionally, it provides seniors and families with resources such as information on how facilities performed in annual inspections, as well as a complaint submission form. It also enforces minimum licensing requirements for housing, security, staffing and care planning.

• Seniors in Parker can claim a deduction of up to $24,000 on their state income taxes to reduce what they owe for Social Security income, pension income and money they take out of their retirement savings accounts. This lets many seniors and families afford local memory care services.
• AdventHealth Parker sits within Parker proper and provides a wide range of services including cancer care, emergency services and orthopedics. The hospital has a neurology department with board-certified physicians who diagnose and treat memory-related conditions, as well as rehabilitative therapists who help seniors with dementia retain speech and motor skills. To help residents access care, many memory care facilities in Parker provide scheduling and transportation services for appointments.
• Parker ranks among the more expensive places to live, with a cost of living that exceeds the national average by about 44% and Colorado’s norm by 19%. Even so, its health care costs fall about 17% below costs in the nation as a whole, which may cut down on what memory care residents spend on treatment and therapy services. Additionally, the state funds various waiver programs that may reduce what seniors with dementia pay for memory care.
• In Parker, violent crime occurs at a rate of about two incidents per 1,000 people in a given year, versus about five incidents statewide and four infractions nationally, giving residents a 1 in 440 chance of experiencing a violent offense. Although property-related crime occurs more frequently at a rate of 17.31, this runs well below the national median of 20 and the state norm of 31.48. Parker’s overall crime rate falls below typical rates in cities that share its population size, making it a prime option for families seeking memory care services in a safe community.
• Douglas County, where Parker sits, ranks among the healthiest counties in the state. About 54% of Medicare beneficiaries in this community get the annual flu shot compared to 47% statewide, promoting a healthy environment in memory care facilities, and the rate of preventable hospitalizations among seniors runs low at 1,394 incidents per 100,000 patients.