Memory Care Communities in Greencastle, Indiana

Memory Care costs in Greencastle start around $4,350 per month on average, while the nationwide average cost of memory care is $5,694 per month.

It’s important to note that memory care rates in Greencastle 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.

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.

Greencastle, Indiana is home to 10,000 residents, roughly 15 percent of whom are 65 or older. Across Indiana, there are 110,000 seniors with Alzheimer's disease. In Greencastle, there are four memory care facilities serving its residents with Alzheimer's disease and other types of dementia. An additional 46 facilities are located in Terre Haute, about a 45-minute drive west. Indianapolis offers hundreds of options and is only an hour from Greencastle. Memory care facilities on the state are known as residential care facilities.

• Senior residents of Greencastle and their families enjoy a true four-season climate, with 180 sunny days per year and annual rainfall and snowfall totals that hover near the national averages. The area's mild weather allows for ample opportunity to explore city parks and other local scenery. The average July high is 84 degrees, and the average January low is 19.
• Despite Greencastle's reported high violent and property crime rates, senior residents should feel safe in the city. A person's chances of being a victim of violent crime in Greencastle in a given year is lower than one in 2,100. For residents of a secure memory care facility, the probability is likely even less.
  
• Seniors in Indiana do not pay tax on Social Security income, though the state does tax pension income and withdrawals from retirement accounts at modest rates. Sales tax is a flat 7 percent and does not apply to groceries. Indiana's friendly tax treatment of retirees means more money left over to put toward quality memory care.
  
• With a cost of living well below the national average, Greencastle is ideal for seniors and their families with limited financial means. Healthcare, in particular, is highly affordable in Greencastle, costing 13 percent below the national average. Families wishing to relocate to the area to be close to their loved ones will find housing costs one-third lower than in a typical U.S. city.