Memory Care Communities in Monticello, Indiana

Memory Care costs in Monticello start around $4,530 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 Monticello 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.

The Alzheimer's Association reports that 110,000 seniors in Indiana live with Alzheimer's disease. Some of these seniors reside in Monticello, where more than 19 percent of the population of 5,275 is aged 65 or older. These seniors may opt to live in one of the four memory care facilities located in Monticello and nearby areas such as Frankfort and Crawfordsville.

Monticello memory care facilities fall into the category of assisted living facilities as defined by the state. The Indiana State Department of Health licenses and regulates these facilities to ensure they deliver high-quality care to seniors living with Alzheimer's disease and related memory disorders.

• The cost of living in Monticello is below the national average. On a scale where 100 represents the national average, Monticello ranks 82.9. Healthcare costs are below average, coming in at 87, which can be a welcome relief to seniors who may require medical care as they age.
• Monticello seniors may enjoy some tax savings because Indiana does not tax social security income. Other forms of retirement income such as pensions and retirement savings accounts are taxed. Seniors' families should consider these factors when budgeting for memory care facility expenses.
• Seniors living in Monticello will experience a varied climate throughout the year. Winters are cold, with temperatures dropping into the teens and the area getting about 20 inches of snow every year. Summer temperatures climb to the 80s. Monticello also gets 40 inches of rain every year, which is close to the national average.
• Monticello's violent crime rate is low, ranking 17.8, compared to the national average of 31.1. Property crime rates are just above the national average, coming in at 39. Memory care facilities are typically secure environments, however.