Memory Care Communities in Mc Cordsville, IN

Memory Care costs in McCordsville start around $6,350 per month on average, while the nationwide average cost of memory care is $5,743 per month.

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

McCordsville is located in central Indiana in Hancock County, where roughly 10 percent of Medicare beneficiaries age 65 and over have Alzheimer's disease or dementia. Some of these seniors may live in McCordsville, where the senior community accounts for nearly 5 percent of the population of about 7,000 residents.

There is one memory care facility in McCordsville and almost a dozen more in nearby cities like Carmel and Noblesville. In McCordsville, as in the rest of Indiana, memory care services are provided in dementia special care units. While some DSCUs occupy their own dedicated building, many are located in assisted living facilities or nursing homes.   

• McCordsville seniors do not pay state income tax on any money they receive from Social Security, even that which is taxed at the federal level. All other sources of retirement income are fully taxable, including public and private pensions and retirement savings accounts. This may impact how much money can be budgeted toward memory care services.
• McCordsville residents enjoy four distinct seasons. Summers are warm and humid with highs in the mid-80s, and winters are chilly with lows in the 20s. On average, the city gets 190 days of sunshine annually, and there is some type of precipitation 82 days per year. To keep residents comfortable, bedrooms in many local memory care facilities are equipped with individual climate control. 
• McCordsville's crime rate is lower than the national average, which may make memory care in this city a good option for safety-minded families. On a 100-point scale, where a lower score indicates less crime, the violent crime in this city is 30.5, which is slightly below the nationwide median. The property crime rate is 27.4, which is about 10 points lower than that of the country as a whole. 
• The cost of living in McCordsville is about 13 percent higher than the statewide median, but it is on par with the national average. This may benefit seniors and families with tight memory care budgets.