4 Memory Care Facilities in Anderson, IN
The average cost of memory care in Anderson is $5,163 per month. This is higher than the national median of $4,790. Cheaper nearby regions include Noblesville with an average starting cost of $4,635.
Caring.com has helped thousands of families find high-quality senior care. To speak with one of our Family Advisors about memory care options and costs in Anderson, call (855) 863-8283.
What to Consider About Memory Care in Anderson
Anderson has a population over 55,000 people, roughly 17 percent of whom are over the age of 65. It is located in the heart of Indiana, where it's estimated that about 110,000 residents have Alzheimer's disease. The city is home to Assurance Health System, a psychiatric hospital that specializes in brain health and dementia care and offers support groups for those affected by dementia. To further support the local population with dementia, Anderson has four memory care facilities. These facilities are also referred to as dementia special care units, or SCUs. SCUs are generally located within assisted living facilities, though some may occupy their own dedicated building.
- Anderson's overall cost of living is about 10 percent less than the state average and nearly 25 percent less than the national median, which may appeal to seniors who are living on a tight budget. Healthcare expenses in this city are fairly low at 86 percent of the national average. This may allow seniors to more easily handle the expenses of managing chronic conditions like dementia.
- Indiana residents do not pay income tax on their Social Security benefits, and some seniors may be able to live on Social Security alone in cities where the cost of living is especially low, like Anderson. Other forms of retirement income are taxable, including public and private pensions and withdrawals from IRA accounts and 401(k)s.
- Property crime in Anderson is fairly high, which may be a consideration for families who are helping their senior loved ones transition to memory care in this city. On a scale of one to 100, with 100 representing high crime, the city's property crime rate is 62.8, compared to the national average of 38.1. Violent crime is relatively low, however, rating 28.1, compared to the national average of 31.1.
- Anderson's climate is typical of Indiana, with summer highs in the mid-80s and winter lows in the upper-teens. The area receives 18 inches of annual snowfall, versus the national average of 26 inches of snow, which may make local travel easy for families visiting their loved ones in memory care.
Paying for Memory Care in Anderson
Average Monthly Costs
Cities in Indiana
Memory Care costs in Anderson start around $5,163 per month on average, while the nationwide average cost of memory care is $4,897 per month.
It’s important to note that memory care rates in Anderson and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.
Financial Assistance for Memory Care in Anderson
Learn more about these programs, plus who’s eligible, on our Memory Care in Indiana page.
More Ways to Pay for Memory Care
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 Indiana page.
Free Memory Care Resources in Anderson
Anderson and the surrounding area are home to numerous government agencies and non-profit organizations offering help for seniors searching for or currently residing in a memory care community. These organizations can also provide assistance in a number of other eldercare services such as geriatric care management, elder law advice, estate planning, finding home care and health and wellness programs.
To see a list of free memory care resources in Anderson, please visit our Memory Care in Indiana page.
Memory Care Laws and Regulations in Anderson
Anderson-area memory care communities must adhere to the comprehensive set of state laws and regulations that all memory care communities in Indiana are required to follow. Visit our Memory Care in Indiana page for more information about these laws.