Memory Care Communities in Waterford, WI

Memory Care costs in Waterford start around $0 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 Waterford 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 Wisconsin page.

The village of Waterford is home to just over 5,000 residents, but it has a large senior community that makes up nearly 20 percent of the population. It is located in Racine County, where over 10 percent of Medicare beneficiaries have been diagnosed with Alzheimer's disease.

Local families whose senior loved ones with Alzheimer's or another form of dementia have two memory care facilities to choose from, and there are three more in the nearby cities of Burlington, Muskego and Franklin.  In Waterford, as in the rest of the state, memory care facilities are usually situated within community-based residential facilities and are licensed by the Wisconsin Department of Health Services.  

• Living expenses are a little higher in Waterford than in the state and the nation as a whole, which may be a consideration for families with tight memory care budgets. The overall cost of living is about 10 percent higher than the national average, and healthcare expenses run about 7 percent higher than the national average.
  
• Waterford is a safe community, making it a good option for security-minded families seeking memory care for their loved ones. The crime index for the village is 89 out of 100, meaning that it is safer than 89 percent of cities across the country, and its overall crime rate is lower than 81 percent of Wisconsin cities.
  
• Waterford has warm, humid summers with July highs in the low 80s and cold, snowy winters with January lows in the teens. The village gets an average of 40 inches of annual snowfall, compared to the national average of 26 inches, which may be a consideration for families who travel during the winter months to visit loved ones in memory care.
  
• In Wisconsin, Social Security and public pension income are not taxed at the state level, but all other types of retirement income are fully taxable. This may affect how much money can be budgeted toward memory care in Waterford.