Memory Care Communities in Towson, MD

Memory Care costs in Towson start around $7,500 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 Towson 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 Maryland page.

There are an estimated 110,000 Maryland residents aged 65 and older who have Alzheimer’s disease, and some of them are in the city of Towson. Out of the estimated 55,197 Towson residents, 16.1 percent are in the 65+ age group. For those who need memory care, there are two facilities in the city and 22 in nearby areas, such as Baltimore and Pikesville.

Assisted living programs (ALPs) in Towson and the rest of Maryland are licensed by the Department of Health. ALPs that provide Alzheimer’s and dementia care are subject to special requirements regarding facility security and staff training; they also must provide a disclosure form that describes specifications of the facility, such as information about the staff and aspects of resident care.

• The cost of living in Towson is 133.6 — higher than both the U.S. average of 100 and the Maryland state average of 125. Family members handling finances for memory care residents may find facility costs, healthcare and other expenses higher in this city than in areas with a lower living cost.
  
• Towson is a tax-friendly city for seniors because, in Maryland, Social Security benefits are exempt from taxation. Other types of retirement income, such as 401k income, are taxable.
  
  
• There are approximately 212 sunny days a year in Towson, so eligible residents of memory care facilities that have outdoor activities can enjoy time outside during the warmer seasons. The U.S. average for sunny days is slightly lower at 205. Towson has an average annual snowfall of 21 inches, while the U.S. gets approximately 26 inches.
  
  
• Towson is home to world-class medical facilities, including those specializing in brain health and dementia care such as the Greater Baltimore Medical Center, in the event of medical emergencies or illness.