How Much Does Assisted Living Cost in Denver?
The cost for Assisted Living facilities in Denver ranges from $2,000 to $7,000/month. The price varies depending on the size, level of care provided, number of activities, and ascetics. And, if that doesn’t make your head spin, assisted living communities can provide a spectrum of low care to high care, based on their business and social models. A few years ago, the base cost for a typical assisted living facility to care for a resident in Denver was about $100 per day. This is why you don’t tend to see many communities at the $2,000/month rate.
- Google says that the average base cost of Assisted Living in Denver is about $3,450, right near the national average.
- In 2014, the total monthly cost of care averaged around $3,771 for all of Colorado.
- The cost of assisted living is going up by about 1.7% nationally every year. But, Denver is growing and the costs are rising quickly at 2.5% to 3.5%, twice the national average.
Today, a large portion of families we work with spend about $135 to $150/day with care giving costs included. We have found that $4,000/month appears to be the average for assisted living in mid-2015.
How Can You Compare Rates?
Comparing rates from one facility to the next is a very difficult. There are no standards in the industry as to what services are charged and how much a specific service costs. The next best thing you can do is compare totals, but there are exceptions there too. You can find cheaper base rates, but they’ll readily charge more for a la carte care services. That means you might total $3,400/month for year one but as more services are needed and rates increase, the rate might go above $4,000/month in year two. If you start with a high base rate, small facilities normally give you more wiggle room with care services and are less likely to raise rates year-to-year.
There are also move-in rates that vary from $500 to $3,000. These move-in rates are charged by facilities for hours put into formulating a care plan, getting the resident situated and once a resident moves out to paint, carpet and do any necessary repairs. But ultimately, the move-in fees make moving from one facility to another an expensive proposition.
If you want to compare assisted living facilities in Denver Co, you could create a spreadsheet with the following categories:
- Base Rate or All Inclusive
- Level 1, Level 2, Level 3, Level 4, Medication Management, Other services,
- Total Cost at Move-In (wise to determine the highest possible future cost)
- Move-In Fee (aka Community Fee)
We created an assisted living comparison spreadsheet template for you to use.
People need to choose right option of assisted living in Denver, Co wisely in order to ensure a good quality of life at a reasonable rate for as long as possible. That’s why our team is here for you and your loved one. We can help you find the right assisted living for your needs and make the process as smooth as possible. Give us a call today at 720-248-7758 to start the conversation.