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Memory Care Communities in Lakeville, Minnesota

Our comprehensive listings and authentic reviews in Lakeville, MN below include 202 memory care...

Directory of Memory Care in Lakeville, MN

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The Cost of Memory Care in Nearby Cities

At $6,454, Lakeville’s median monthly memory care fee is $819 higher than the state cost and $829 higher than the national rate. In fact, Lakeville is one of Minnesota's most expensive places for memory care, followed by Duluth, where monthly fees run $204 lower. At the opposite end of the scale, Mankato’s monthly rate of $3,919 is almost half the amount of the local area. Seniors in Rochester pay roughly 21% less, and St. Cloud's facilities are $1,329 cheaper than Lakeville's.

Lakeville

$6,454

Minnesota

$5,635

United States

$5,625

Duluth

$6,250

Mankato

$3,919

Rochester

$5,225

St. Cloud

$5,125

Paying for Memory Care in Lakeville

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.

In Lakeville, the monthly cost of residential memory care is roughly $6,454.

Financial Assistance for Memory Care in Lakeville

Learn more about these programs, plus who’s eligible, on our Memory Care in Minnesota page.

Financial Assistance for Memory Care in Minnesota

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 Minnesota page.

The Cost of Other Types of Senior Care

In Lakeville, nursing homes offer the costliest care option, providing 24-hour supervision and skilled nursing care. A semi-private room runs about $11,708 per month, $5,254 more than memory care. In-home and home health care are 8.9% costlier than memory care, offering nonmedical personal care and intermittent nursing services on a visiting basis, respectively. Assisted living covers help with daily activities in a residential setting and attracts a fee that’s 22.2% lower than memory care. The most cost-effective care option is adult day health care, which offers support services and social engagement outside of the home and is about one-third of the price of memory care.

Memory Care

$6,454

In-Home Care

$7,055

Home Health Care

$7,055

Adult Day Health Care

$2,102

Assisted Living Facility

$5,163

Nursing Home Facility (semiprivate room)

$11,708

Note: Data for Lakeville was unavailable, so data for the nearest city, Minneapolis, was used instead. 

Free Memory Care Resources in Lakeville

Lakeville 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 Lakeville, please visit our Memory Care in Minnesota page.

What to Consider About Memory Care in Lakeville

The Assisted Living Licensure, part of the Health Regulation Division of the Minnesota Department of Health, oversees memory care neighborhoods across Minnesota. It licenses facilities, enforces regulatory measures and educates providers about relevant rules and laws.

Benefits and Drawbacks of Memory Care in Lakeville

 

  • Crime rates in Lakeville are significantly lower than the nationwide averages. When it comes to property crime, Lakeville’s average of 21.2 is 14.2 points lower than the national figure. Similarly, the local violent crime rate of 8.6 is 14.1 points lower than the U.S. average.

 

  • The monthly cost of living in Lakeville for a single older adult is around $2,771 if they rent their home, $3,340 if they have a mortgage and $2,300 if they own their property outright. Seniors in each category pay about $320 monthly for food, $266 for transportation, $686 for health care and at least $675 for housing-related costs. Monthly memory care fees include meals, transportation and 24/7 supervision from trained caregivers, and seniors may qualify for financial assistance via the Elderly Waiver or Community Access for Disability Inclusion Waiver.    

 

  • In Lakeville and elsewhere throughout Dakota County, primary care doctors see an average of 1,554 patients monthly. This is higher than the corresponding state ratio of 1:1,102. Over 97% of the local population has health care coverage, such as Medicaid, Medicare and VA plans, compared with 95.4% of people statewide.

 

 

 

  • In line with nearby areas, Lakeville sees warm, wet summers and cold, snowy winters. Yearly temperatures typically range from 7 degrees to 82 degrees Fahrenheit. Almost half the year is wet, with peak rainfall in June. Conversely, February is the driest month. Fortunately, memory care communities offer diverse indoor and outdoor activities year-round, accounting for weather variations.

Memory Care Laws and Regulations in Lakeville

 

Lakeville Memory Care Communities must adhere to the comprehensive set of state laws and regulations that all Memory Care Facilities in Minnesota are required to follow. Visit our Memory Care in Minnesota page for more information about these laws.

Memory Care Laws and Regulations in Minnesota

Reviews of Communities Nearby

Memory Care

MKL

I visited this facility

Review of The Moments of Lakeville

The Moments of Lakeville was wonderful, bright, and very clean. They had a lot of aides, a nurse 24 hours, and doctors on call. The rooms are really big and would look out on the garden, so it's...

Read more

Memory Care

Tamara

I visited this facility

Review of The Moments of Lakeville

I have chosen The Moments of Lakeville for my mom because of its memory care and because of its location. It's new, too. They seemed to have adequate staff. They have many activities throughout the...

Read more

Memory Care

Carol

I visited this facility

Review of The Moments of Lakeville

The price was high in The Moments of Lakeville, but they were very professional, and they're very nice. It is a lovely facility. The high ceiling and the individual rooms were very nice. I didn't...

Read more

Memory Care Facilities near Lakeville, MN

Apple ValleyBurnsvilleBloomingtonEaganPrior LakeEdina

Other Options in Lakeville, MN

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The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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