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Caring Senior Service of Dallas

Caring Senior Service of Dallas Blog

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How Far Does Your Money Go in Dallas, TX?

Posted by Michelle Cemental on Oct 2, 2018 3:04:00 PM

Senior couple reviewing finances

Seniors often have a hard time paying their bills, especially if they are dealing with increased medical costs from an injury or illness. Making a change from living in their own home to a nursing home or assisted living facility is often too much money. While the cost of living in Dallas is statistically less than the average of the country, this doesn't always mean that moving into a care facility is the best option.

Assisted Living Facilities

Many seniors believe that just because they need a little extra help around the house that it's time to move out. However, trying to pay for a decent assisted living center in Dallas can easily cost more than they can afford. For example, the low average for a facility starts at $1,450 a month. And while the average monthly cost is $2,700, some facilities charge up to $4,500. That comes out to $54,000 a year.

Nursing Homes

In Dallas, a semi-private room in a nursing home starts at $125 a day. That's 45,625 a year to live in a room with a neighbor. If you want your own private room? You're looking at an average cost of $170 a day, which comes out to 62,050 a year, just to have some solitude.

In-Home Care

There is another option: in-home care. In-home care can include assistance from a home health aide or a caregiver. A home health aide in Dallas will cost seniors just $18 an hour. Many seniors only need a little extra help around the home and do not need home medical care just yet. That's when a qualified caregiver can do the job and save a senior thousands of dollars. They can come in when the senior needs help, either every single day or just when they are needed.

Learn more on affording long-term care, what your care options are, and how to navigate the road toward excellent care with your family. Get your free comprehensive guide to long-term care.

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Michelle Cemental Blog Author

Topics: Finances, Long-Term Care

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