Memory Care Communities in Mankato, Minnesota

Memory Care costs in Mankato start around $3,742 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 Mankato 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 Minnesota page.

Mankato, Minnesota is home to a little more than 42,000 residents, 11 percent of whom are seniors aged 65 or older. While many of these seniors are able to live independently and care for themselves, many others have been diagnosed with dementia and require specialized residential care. In fact, throughout Minnesota, an estimated 94,000 seniors over 65 have been diagnosed with Alzheimer's DIsease or another form of dementia.

For those who require such care, the Mankato area is home to six memory care facilities, officially known as special care units. These facilities are closely regulated by the Minnesota Department of Health and are often housed alongside assisted living facilities, as provisions for both levels of care are similar. 

• The Mankato area is home to world-class medical facilities, including those that specialize in brain health and dementia care such as the Mankato Mental Health Center, in the event of medical emergencies or illness.
  
• Seniors who have limited funds to pay for their memory care may wish to consider the fact that Minnesota taxes all forms of retirement income, including social security benefits, pensions and retirement savings accounts. 
  
• Mankato winters are cold and extremely snowy. January low temperatures average around six degrees and the city gets 14 inches more snow than the average U.S. city each year. When seniors and their families are touring memory care facilities it's a good idea to ask what measures are in place to prevent residents from wandering outdoors in extreme weather.
  
• The overall cost of living in Mankato is 5.5 percent below the national average, which means that memory care may be less expensive. This is a major upside for those who have a tight budget to pay for memory care and medical expenses.