1 Memory Care Facility in Monticello, IN
The average cost of memory care in Monticello is $4,530 per month. This is lower than the national median of $4,800. Cheaper nearby regions include Lafayette with an average starting cost of $3,875.
Caring.com has helped thousands of families find high-quality senior care. To speak with one of our Family Advisors about memory care options and costs in Monticello, call (855) 863-8283.
What to Consider About Memory Care in Monticello
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.
Paying for Memory Care in Monticello
Average Monthly Costs
Cities in Indiana
Memory Care costs in Monticello start around $4,530 per month on average, while the nationwide average cost of memory care is $4,939 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.
Financial Assistance for Memory Care in Monticello
Learn more about these programs, plus who’s eligible, on our Memory Care in Indiana page.
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 Monticello
Monticello 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 Monticello, please visit our Memory Care in Indiana page.
Directory of Winners in the Monticello Area
Memory Care Laws and Regulations in Monticello
Monticello-area memory care communities must adhere to the comprehensive set of state laws and regulations that all memory care communities in Indiana are required to follow. Visit our Memory Care in Indiana page for more information about these laws.