Memory Care Communities in Riverdale, NY

Memory Care costs in Riverdale start around $10,295 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 Riverdale 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 New York page.

Riverdale, New York, is a neighborhood in the Bronx borough that has an estimated population of 112,205, with approximately 12.3 percent of Bronx residents 65 and older. Approximately 400,000 New York residents have Alzheimer’s disease, and for those in Riverdale, there are two memory care facilities in the city and 20 in nearby areas, including Paramus and Mount Vernon.

In Riverdale and all of New York, adult care facilities are licensed by the Department of Health, with three categories based on level of care. Those that provide memory care are called assisted living residences (ALRs) and are required to meet certain requirements that include but aren’t limited to staffing and facility security. One such requirement is that the facility must be self-contained without being fully locked and have delayed-egress systems on external doors.  

• The cost of living in the Bronx, of which Riverdale is a part, is 165.8. Comparatively, the U.S. average is 100 and the New York state average is 129. The higher living cost may be reflected in memory care facility costs and in other areas such as health care, groceries and transportation.
  
• New York state doesn’t tax Social Security benefits. This may help Riverdale memory care residents and their families offset the higher living costs. Other types of retirement income, such as IRA accounts, are deductible up to $20,000.
  
• Riverdale and the Bronx ranks 61 out of 100 on Sperling’s Comfort Index, while the U.S. average ranking is 54. This means Riverdale has more comfortable days between 70 and 80 degrees for memory care residents to enjoy than the rest of the United States in general. Winters in Riverdale can be harsh, with January lows reaching around 26 degrees.
  
• The Bronx, which includes Riverdale, is home to world-class medical facilities, including those specializing in brain health and dementia care such as Montefiore Medical Center, in the event of medical emergencies or illness.