Memory Care Communities in Lafayette, IN

Memory Care costs in Lafayette start around $4,571 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 Lafayette 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.

Lafayette is situated in west-central Indiana and has a population of about 72,000 people, roughly 13 percent of whom are seniors. According to the Alzheimer's Association, those who are age 65 and over are at the greatest risk of being diagnosed with Alzheimer's or dementia. In Indiana alone, about 110,000 people are currently living with Alzheimer's. 

To accommodate local seniors with dementia, Lafayette has four memory care facilities. While some facilities may be located in freestanding buildings that solely care for residents with dementia, most are located within assisted living facilities. The official term for memory care facilities in Indiana is dementia special care units, and they are licensed by the Family and Social Services Agency Division of Aging. 

• Lafayette's overall cost of living is about 13 percent below the national median, and while healthcare costs are slightly higher here than elsewhere in the state, they are still about six percent below the U.S. average. This may make the city an appealing option for families with a tight memory care budget.
• Social Security benefits are not subject to state income tax, but all other types of retirement income, including public and private pensions and withdrawals from retirement savings accounts, are taxable. This may impact how much money can be put toward memory care. 
• More than 95 percent of the communities in Indiana have lower crime rates than Lafayette, and the city's property and violent crime rates are higher than that of most U.S. cities of similar size. Families may want to inquire about a memory care facility's security measures as they're touring facilities.
• Tippecanoe County's air quality is fair, receiving a B for short-term particle pollution and a passing grade for annual particle pollution from the American Lung Association. This may be beneficial for seniors who have respiratory illnesses or cardiovascular disease.