Independent living costs about $3000 per month, $100 per day, or $36,000 per year on average for the US in 2019 according to multiple sources including SeniorLiving, A Place for Mom, Retirement Living and more.
Average Cost of Independent Living for Seniors
The average cost of independent living all depends on the facility you live in, the apartment or condo size, the number of services you require, and what area of the United States you want to live in. See Independent Living Cost By State
Average monthly rent at independent living facilities across the US is about $4,000 per month with prices ranging from $1,500 to $6,000 in 2019.
According to ElmCroft, “Because independent living communities vary widely, the costs of independent living vary, too. Depending upon the area of the country you live in and what type of services and amenities are included, the price range for independent living is generally between $1,500 and $6,000 a month.”
Independent Living Cost Per Day
The average independent living cost per day is about $100 per day with the cost of independent living per day ranging from $50 to $200 in the US for 2019 according to SeniorLiving.
- Low Cost: $50 per day
- Average Cost: $100 per day
- High Cost: $200 per day
Independent Living Cost Per Month
According to ELMCROFT, the average independent living cost per month is about $3,000 per month. However, according to an article by Where You Live Matters, “independent living communities generally have a monthly rate that could range from $1,500 to $6,000, and may make certain hospitality and care services available for an additional monthly fee.” RetirementLiving states you can expect to pay anywhere from $1,500 to $10,000 per month.
- Low Cost: $1,500 per month
- Average Cost: $3,000 per month
- High Cost: $6,000 per month
Brookdale states the majority of independent living apartments charage anywhere from $2,300 to $3,500 for monthly rent with a one time fee of $500 to $1,500.
Independent Living Cost Per Year
The average independent living cost per year is about $36,000 per year. Average Independent Living prices ranged from $18,000 to $120,000 per year in the US for 2019.
- Low Cost: $18,000 per year
- Average Cost: $36,000 per year
- High Cost: $72,000 per year
Independent Living Cost by State
Find independent living cost by state below
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How Much Does Independent Living Cost in Arizona?
Independent living in Arizona costs about $605 to $3,685 per month, $20,790 per year, and $57.75 per day. According to Senior Advice, “With costs of independent living communities in Arizona typically ranging from $605 to $3,685 monthly, the average yearly cost comes in around $20,790. The monthly nationwide average cost is approximately $1,925.“
How Much Does Independent Living Cost Near Me?
Searching for “independent living cost near me“? See Independent Living Cost By State for a list of independent living costs near your location. SLS Communities offers independent living near you in multiple cities of Arizona including Peoria, Surprise, Sun City, Sun City West, Mesa, Sedona, and more. Find even more indpendent living facilities near you by searching Google for “independent living near me”.
Cost of Independent Living vs Assisted Living
Independent living costs about $3000 per month, $100 per day, or $36,000 per year, vs the the average cost of assisted living which is about $4,000 per month, $133 per day, or $48,000 per year. Learn more about the cost of assisted living. According to USAToday, “Nationally, rates for independent living grew 2.6% from 2017 to 2018, bringing the monthly median cost to $2,552 last year. Assisted living grew 2.4% in the same time frame, the data shows, for a monthly median rate of $3,942.”
Is Assisted Living More Expensive Than Independent Living?
Yes, assisted living is more expensive than independent living because assisted living residents need more care services. Independent living residents only need a small amount of assistance with daily activities so the cost is less expensive.
How Do You Pay for Independent Living?
According to Caring.com, the 11 creative ways to pay for independent living include:
- Use your long-term care insurance policy
- Use government assistance
- Use veteran’s benefits
- Consider selling your house
- Make your home a rental property
- Use a reverse mortgage
- Use your life insurance policy
- Use an annuity
- Ask your family for the money
- Use social security
You could also try saving money if you still have time. According to BusinessInsider, “Your ‘retirement number,’ the amount of money you need to save to live in retirement, is 25 times your annual spending”.
What’s Included in Independent Living Monthly Fees?
Many assisted living communities offer a wide variety of amenities and general services that are included in the monthly fee. They usually include:
- An apartment or suite thoughtfully designed to keep our residents safe and free from falls.
- Emergency call system in the apartments and/ or an emergency call pendant option.
- Wellness programs and senior-friendly exercise activities.
- A calendar full of life enriching programs to participate in daily.
- Nutritious, chef-prepared meals served in the dining room, restaurant-style.
- Basic cable TV, utilities.
- Maintenance, housekeeping, and laundry services.
- Transportation services for community outings, errands or appointments.
Chaparral Winds is an Independent Living Facility in Surprise, Arizona
Chaparral Winds is a beautiful independent living facility near Surprise, AZ. Being able to socialize with other residents becomes an integral part of many peoples’ lives and Chaparral Winds Independent Living Facility offers common indoor space to support that need. If a resident requires assistance moving from a bed to a wheelchair or vice versa, this facility has staff who can help.
Phone: (623) 544-4777