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Memory Care Facilities in Kokomo, IN

 

According to statistics published by the Alzheimer's Association, nearly 7 million Americans aged 65 and older have Alzheimer's disease or dementia. As a result, more people need high-quality dementia care to help preserve their health and well-being. This statistic is especially relevant in Kokomo, IN, where seniors make up 18.6% of the city's 59,671 residents. Unfortunately, the number of Alzheimer's-related deaths in the city increased by 37.78% between 2016 and 2020, while the number of deaths attributed to all causes increased by just 24.67%, according to the CDC.

Although this trend is concerning, memory care facilities exist to give seniors with dementia and other cognitive impairments a safe place to live. Staff members provide 24/7 supervision, ensuring that someone is always available to meet residents' physical, emotional and social needs.

This guide provides an overview of the benefits and drawbacks of living in Kokomo, along with a breakdown of how much it costs for memory care compared to other types of senior care. The guide concludes with a list of resources to educate seniors and their caregivers about their options.

Memory Care Facilities in Kokomo, Indiana

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On this page:

  • Memory Care Facilities in Kokomo, Indiana
  • What to Consider About Memory Care in Kokomo
  • Paying for Memory Care in Kokomo
  • Financial Assistance for Memory Care in Kokomo
  • Free Memory Care Resources in Kokomo
  • Memory Care Laws and Regulations in Kokomo

What to Consider About Memory Care in Kokomo

Before choosing a memory care facility, it's important to understand how they're regulated. To keep seniors safe, the Indiana Department of Health Division of Long-Term Care administers the state's Residential Care Facility Licensing and Certification Program. Staff members also investigate complaints and ensure that every facility follows the state's long-term care regulations.

Benefits and Drawbacks of Memory Care in Kokomo

 

  • Sperling's Best Places reports that Kokomo's cost of living is 23.2% lower than the U.S. average, making it easier for residents to afford basic necessities. Although the cost of health care in Kokomo is slightly higher than the Indiana average, it's still 5.2% below the U.S. average.
  • Kokomo has four distinct seasons, so there's a little something for everyone. The city gets 30.5 inches of snow per year and has an average of 187 sunny days annually. Although the average low temperature in January is just 16.5 degrees Fahrenheit, Kokomo warms up nicely during the summer, with the average July high reaching 83.7 degrees Fahrenheit.
  • The economic outlook for Kokomo is a bit mixed, as the city's unemployment rate is slightly higher than the U.S. average. Kokomo also has higher-than-average income and sales tax rates. That said, Sperling's Best Places projects the number of available job opportunities to increase by 41.2% between 2023 and 2033.
  • Despite its lower-than-average health care costs, Kokomo doesn't have as many physicians per capita as some cities. For every 100,000 people in Kokomo, there are just 150 physicians to provide care. In contrast, the United States averages 210 physicians per 100,000 people.
  • Kokomo has a WalkScore of 87/100, indicating that it's easy to run most errands without having to drive or take public transportation. Local seniors also have access to Spirit of Kokomo, a service that provides free transportation to adults aged 65 and older.
  • Older residents of Kokomo may qualify for Indiana's Unified Tax Credit for the Elderly. This credit helps low-income seniors by providing an income tax credit ranging from $40 to $140 per year. To qualify for the credit, a taxpayer must be at least 65 years old.

Paying for Memory Care in Kokomo

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.

Seniors in Kokomo pay an average of $4,063 per month for memory care, but the true cost of care varies based on each facility's location and the number of amenities provided.

The Cost of Memory Care in Nearby Cities

Kokomo has average monthly costs that are 31.2% lower than the Indiana average and 38.4% lower than the national average. Indianapolis and Bloomington have monthly average costs of $5,598 and $5,354, respectively. Although Michigan City and Fort Wayne are a little more affordable, they're still more expensive than Kokomo. Seniors in Michigan City pay an average of $4,521 per month, while seniors in Fort Wayne pay $4,356 per month.

Kokomo

$4,063

Indiana

$5,354

United States

$5,625

Indianapolis

$5,598

Fort Wayne

$4,356

Bloomington

$5,354

Michigan City

$4,521

The Cost of Other Types of Senior Care

Averaging $4,063 per month, memory care is one of the most affordable options for seniors in Kokomo. It's not the only option, however. Seniors who prefer to remain at home may benefit from in-home care or home health services, which cost an average of $4,576 per month. In-home care includes light housekeeping, meal preparation and assistance with activities of daily living, while home health care refers to medical care provided by licensed professionals.

For seniors with complex medical needs, nursing homes provide around-the-clock care, making them the most expensive type of senior care in Kokomo. A semi private room in a nursing home costs 94.6% more than memory care.

Memory Care

$4,063

In-Home Care

$4,576

Home Health Care

$4,576

Assisted Living Facility

$3,250

Nursing Home Facility (semiprivate room)

$7,908

Financial Assistance for Memory Care in Kokomo

Learn more about these programs, plus who’s eligible, on our Memory Care in Indiana page.

Financial Assistance for Memory Care in Indiana

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 Kokomo

Kokomo 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 Kokomo, please visit our Memory Care in Indiana page.

Memory Care Laws and Regulations in Kokomo

 

Kokomo Memory Care Communities must adhere to the comprehensive set of state laws and regulations that all Memory Care Facilities in Indiana are required to follow. Visit our Memory Care in Indiana page for more information about these laws.

Memory Care Laws and Regulations in Indiana

Reviews of Communities Nearby

Memory Care

Ron

I am a friend or relative of a current/past resident

Review of Bloom At Kokomo

My mother has moved into Bloom At Kokomo. We chose it because they have the memory care option. We toured the facility and it just seemed to look kind of nice. We like the room she's in. The layout...

Read more

Memory Care

RH

I visited this facility

Review of Waterford Place Health Campus

We went to Waterford Place Health Campus, and what I liked about their memory care is it's in a completely separate building. I went there two different times and I saw both assisted living and...

Read more

Memory Care

Lynn

I visited this facility

Review of Bloom At Kokomo

We had a guided tour with Bloom at Kokomo. They were remodeling at that time. It was a very nice facility, beautiful, and they were in the process of remodeling and are just starting up memory...

Read more

Memory Care Facilities near Kokomo, IN

LogansportFrankfortNoblesvilleLebanonCarmelAnderson

Other Options in Kokomo, IN

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The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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