Memory Care Communities in Plano, TX

Memory care facilities in the Plano area rank on the more expensive side for Texas, which is lower than the national average of $5,625 but higher than the statewide average of $4,998. In Waco, by comparison, memory care costs $1,744 less per month, and in Sherman and Wichita Falls, the cost is roughly $860 per month cheaper. Nearby Longview, however, is right around the same cost as Plano with only around a $100 per month difference. 

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 Plano and 86 other cities in Texas.

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 Texas page.

In Plano, costs for senior living vary widely, primarily based on the type of care provided, though amenities and other factors also influence them. Independent living tends to be more affordable as it includes the fewest services, averaging $2,877 in Plano. Assisted living offers seniors access to caregivers, meals and chore-free living for an average of $3,267 monthly. Memory care offers additional support from caregivers specially trained in dementia care for $3,650.

Nursing homes and assisted living facilities, which often are home to specialized memory care units, are licensed by the Texas Department of Aging and Disabilities. This agency also monitors the operations of each facility to ensure compliance with federal and state regulations.

• Specialized health care is very accessible to seniors residing in Plano. The city is home to 129 doctors who treat Alzheimer’s and dementia, along with three hospitals, including the Baylor Scott & White Medical Center. In nearby Dallas, the UT Southwestern Medical Center is home to the Center for Alzheimer’s and Neurodegenerative Diseases, which researches new ways to diagnose and treat cognitive disorders. 
• Plano has 228 physicians per capita, which is higher than the national average of 210, making health care services more accessible to the elderly. Another benefit is that the area’s health cost index of 96.9 is lower than the national average of 100, meaning that seniors’ health care costs may be slightly cheaper, as demonstrated by memory care facility costs.
• Though crime rates in Plano are higher than the national average, they are lower than the typical rates found in similarly sized cities. The rate of violent crimes in Plano is just two per 1,000 residents, which is around the national average. At 17 per 1,000 residents, property crimes are much higher than average, but memory care facilities have many security measures in place to protect against those crimes.
• Plano’s summers can be hot and humid, but the city is known for its mild winters. Because the area receives 229 sunny days per year, outdoor walks for seniors are accessible most of the time. Residents can expect summer highs of less than 90 degrees and winter lows of around 20 degrees, but fortunately, the area generally sees no more than two inches of snow and 41 inches of rain per year. 
• Plano is recognized as an AARP network age-friendly community, demonstrating its commitment to creating a supportive environment for its seniors. Through various initiatives and services, Plano aims to enhance the quality of life for its older residents by providing accessible transportation, affordable housing, social engagement opportunities and health care services.