Memory Care Communities in Troy, MI

In Troy, the monthly cost of memory care is $5,269, in line with the state average of $5,313 and less than the median of $5,625 nationwide. Seniors pay similar charges in Saginaw, where facilities charge $5,281, and budget for a bit more in Flint at $5,469 monthly. Monthly rates increase in Monroe, charging $6,313, and peak in Ann Arbor at $7,616.

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we've estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth's 2021 Cost of Care Survey.

Memory care facilities in Troy charge a monthly base rate of $5,269.

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 Michigan page.

Memory care rates average $5,269 monthly for specialized dementia care in a secure community setting. It is often provided on the same campus as assisted living, which helps with personal care and activities of daily living at a lower cost of $4,215. Nursing home facilities offer the highest level of skilled nursing and have the highest rates, charging $8,882 monthly for semiprivate accommodations. In comparison, a personal care aide providing in-home care or home health care costs $5,720 monthly, and adults living at home who need only daytime supervision pay just $1,430 per month.

In Michigan, adult care facilities are licensed and regulated by the Department of Licensing and Regulatory Affairs and the Department of Human Services. Current licensing information, renewal applications and investigations reports are available for viewing and download through the department's searchable online database.

• As a northern suburb of Detroit, the city of Troy has abundant health care choices with over a dozen hospitals accessible within 10 miles. Beaumont Hospital Troy is a nationally-ranked, 530-bed general medical and surgical center boasting a high-performing neuroscience and neurosurgery department. In nearby metro Detroit, Henry Ford Hospital has led the way in neuroscience research and clinical trials, continuing to treat the most complex cases involving the brain and spine.
• With many top-notch health care systems operating in and around Troy, it stands to reason the city offers lower-than-average health care costs and a high number of physicians per capita, adding up to potential savings for seniors. On a 100-point scale, health care costs rated 82.7.
• The cost of living in Troy is 11% higher than the median nationwide, attributed largely to high housing and transportation costs. However, seniors living in memory care facilities often pay a flat monthly rate that negates these fluctuating costs, allowing them to more easily budget for long-term expenses.
• Troy is considered a safe city with data showing instances of property crime and violent crime have been steadily declining over the years. The rate of violent crimes is approximately 60% lower and property crimes involving burglary and theft are 25% lower than the national average.
• The climate in Troy is typical of the northern Midwest, offering 180 sunny days per year with slightly above-average rain and snowfall. The city is centrally located between the Great Lakes, leading to humid conditions in the summer and dry winters on occasion, but generally mild spring and fall seasons.