Memory Care Communities in Nashville, TN

At $5,125, Nashville’s memory care prices are among the most affordable in the state. Rates are a few dollars less than Tennessee’s average of $5,131 and $500 cheaper than the U.S. average of $5,625. In Chattanooga, costs increased to $5,275. Knoxville’s prices average $4,779, or almost $350 less than Nashville. Seniors pay $5,300 in Jackson and $5,250 in Memphis.

When trying to decide how to pay for memory care, one of the first questions that comes up is "How much does it cost?" With the impact of inflation, it's more important than ever to have up-to-date information when making a financial plan for senior living. To help shed light on real senior living prices, Caring.com has compiled proprietary cost data from its network of more than 75,000 senior living providers to provide insight into the average cost of memory care in Nashville and 25 other cities in Tennessee.

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 Tennessee page.

Homemaker services and home health aides can be good options for seniors who don’t yet require transitioning to a memory care facility. Both cost $4,767, even though home health aides include medical assistance that standard homemaker services don’t. Adult day health care costs $1,842, and assisted living prices average $4,100. Seniors pay an average of $7,270 for a semiprivate nursing home room and $7,908 for a private room.

In Nashville and the rest of Tennessee, memory care facilities are regulated by the Department of Health, Office of Health Care Facilities. See its website for licensure requirements, inspection reports, staff training guidelines and contact information to report complaints about a facility’s quality of care.

• Seniors in the state capital have access to many of Tennessee’s best hospitals, including Vanderbilt University Medical Center, Ascension Saint Thomas and TriStar Centennial Medical Center. U.S. News & World Report rated all as “High Performing” in a wide range of adult specialties, such as geriatrics, heart surgery, hip replacement and treatment of COPD.
• Senior Ride Nashville provides low-cost transportation to stores, medical appointments, community centers and other destinations in the service area. To use the service, residents must be able to transfer into and out of a vehicle with limited assistance. People with disabilities can use WeGo Access, a door-to-door service that accommodates wheelchairs and other mobility equipment.
• Nashville’s cost of living index is 101.4, slightly higher than the national index of 100. Housing (113.3), groceries (102) and transportation (100.7) are pricier than average, but health care (96.7) and utilities (99.3) cost less.
• With zero income tax, Tennessee is a very tax-friendly state for retirees. Residents pay no taxes on Social Security benefits and other kinds of retirement income; additionally, property taxes are lower than the norm.
• Summers in Nashville can be hot and humid, with an average high of 89 degrees in July. The city gets a large amount of rain, too — its average is 49 inches per year compared to the national average of 38. In winter, Nashville has an average low temperature of 27 degrees and receives approximately 4 inches of snow annually (national average is 28).
• Nashville’s air quality index is 45 out of 100, a bit lower than the national index of 58. Its water quality index of 69 is higher than the U.S. index of 55, though.
• Nashville’s property and violent crime rates make it safer than 3% of other U.S. cities. Residents have a one in 86 chance of becoming a victim of violent crime; comparatively, the crime rate for Tennessee overall is one in 149. The property crime rate is one in 25 (state odds are one in 40).