9 Memory Care Facilities near Peabody, MA
Also serving communities of Beverly.
There are 9 Memory Care Facilities in the Peabody area, with 2 in Peabody and 7 nearby.
The average cost of memory care in Peabody is $5,143 per month. This is higher than the national median of $4,790. Cheaper nearby regions include Boston with an average starting cost of $4,000.
To help you with your search, browse the 12 reviews below for memory care facilities in Peabody. Better rated regions include Danvers with an average rating of 4.6 out of 5 stars.
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 Peabody, call (855) 863-8283.
2 Memory Care Facilities in Peabody, MA
7 Memory Care Facilities near Peabody, MA
What to Consider About Memory Care in Peabody
Peabody, Massachusetts, population 53,000, is a safe, family-friendly suburb in the north part of the Boston metro area. In the state of Massachusetts, over 130,000 residents are diagnosed with dementia or Alzheimer's disease and may need specialized memory care treatment. Out of Peabody's 11,000 seniors aged 65 and over, many will require housing in one of Peabody's handful of memory care facilities.
Memory care facilities in Peabody, and all of Massachusetts, can either be separate wings of an assisted living campus or a facility devoted entirely to memory care. Stand-alone memory care facilities are referred to as Dementia Special Care Units (DSCUs). Other memory care facilities attached to assisted living communities are called Special Care Residences (SCR).
- The state of Massachusetts does not tax Social Security income, which may leave more money available for Peabody residents and their families budgeting for memory care costs. Other tax breaks include an over-65 state tax exemption as well as several other exemptions for seniors and those with a qualifying disability.
- Seniors in memory care who have health conditions aggravated by colder temperatures may find Peabody's winters to be uncomfortable as there is plenty of snow and low temperatures averaging in the teens. Summers may be more comfortable for aging joints as they are warm, but not overly hot. July averages are in the low 80s.
- The cost of living in Peabody is higher than the national average, due mainly to housing costs. At more than twice the U.S. average, higher housing costs may mean higher memory care fees as these facilities may have increased operating costs. Health care is nearly 20 percent less than the rest of the country, which may be helpful for seniors with chronic medical needs.
- Peabody, as part of the greater Boston area, is home to world-class medical facilities, including those specializing in brain health and dementia care such as Massachusetts General Hospital and Boston Medical Center, in the event of medical emergencies or illness.
Paying for Memory Care in Peabody
Average Monthly Costs
Cities in Massachusetts
Memory Care costs in Peabody start around $5,143 per month on average, while the nationwide average cost of memory care is $4,863 per month.
It’s important to note that memory care rates in Peabody 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 Peabody
Learn more about these programs, plus who’s eligible, on our Memory Care in Massachusetts 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 Massachusetts page.
Free Memory Care Resources in Peabody
Peabody 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 Peabody, please visit our Memory Care in Massachusetts page.
Directory of Winners in the Peabody Area
Memory Care Laws and Regulations in Peabody
Peabody-area memory care communities must adhere to the comprehensive set of state laws and regulations that all memory care communities in Massachusetts are required to follow. Visit our Memory Care in Massachusetts page for more information about these laws.