Memory Care Communities in Albany, New York

Memory care costs in Albany are higher than both the state average of $5,725 per month and the national average of $5,625. Seniors in nearby Glens Falls pay $1,273 less for memory care than those in Albany. In New York City, the same type of care costs $7,187. Rochester has the state’s most affordable memory care prices, averaging $4,718 per month.

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 Albany, seniors pay about $6,586 per month for memory care, although actual prices vary depending on the location and amenities available.

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 New York page.

With the high cost of memory care in Albany, people looking to save money might consider assisted living, which is $1,317 per month more affordable. Homemaker services cost $5,148 per month. Home health aides are about $1,010 cheaper than memory care. Adult day health care is the most affordable type of senior care in Albany, averaging $1,268 per month. Nursing homes have the highest cost, at $13,437 for a semiprivate room.

The New York State Department of Health is responsible for licensing memory care facilities in Albany. It maintains a list of all the state’s licensed care homes and conducts regular inspections of them.

• Albany has lots of options for health care. The city has 378 physicians per 100,000 people, which is much more than the national average of 210 per 100,000. Health care costs in the city are around 8.7% lower than the national average.
• Crime rates in Albany are a little higher than average, with violent crime rates coming in at 19.9 points above the U.S. median of 22.7 and property crime at 16.7 points over the average of 35.4. Fortunately, senior care facilities offer good security for their residents.
• In Albany, the overall cost of living is lower than both the state and national averages. Using an index that summarizes cost of living, Albany scores 96.5 versus the nation’s 100 and the state’s score of 121.5 points.
• Albany gets lots of precipitation, with two more inches of rain per year than the U.S. median of 38 inches. It also gets lots of snow, at an estimated annual 52 inches, which enables a wide variety of winter activities.
• Albany is relatively tax-friendly toward seniors — there’s no state tax on social security income and New York state offers sizable tax deductions on income from pension and retirement accounts.
• The local St. Peter’s Hospital has been recognized as one of the best in the region.