If you are researching why transparency in senior living costs matters, you or your parent or elderly loved one need a senior living community. Making the decision to move into a senior community takes time and energy, but the end result is having peace of mind, knowing they are in the best place for their health and well-being.
Westminster Place is a luxury senior living community located in Longview, TX, that supports active seniors and those who need extra care and attention to maintain their quality of life. We have multiple programs to care for your needs, including independent and assisted living programs, memory care programs, respite care, and short and long-term rehabilitation programs. We are fully transparent with all of our pricing so you can feel confident in making the right decision.
Fill out our senior living cost calculator to see a side-by-side comparison, then call 903.329.6520 or reach out to us online to schedule a consultation and tour of our senior community.
Senior Living Costs on Average
The cost of senior living is increasing every year as prices soar with no relief in sight. In fact, between 2022 and 2023, senior living costs rose 1.4%, making the average national monthly cost around $5,350 per month.1 This cost covers housing, meals, medical and therapeutic care, and a number of physically and mentally stimulating activities and events.
The cost of senior living can range from $1,500 to well over $6,000 per month, depending on the facility and what they have to offer. Here is a breakdown of senior living costs in Texas by city per month:
- Houston, McAllen, College Station – $4,750 – $5,355
- Corpus Christi, El Paso, Texarkana – $2,600 – $3,260
- Sherman – $3,400
- Tyler – $2,450
- San Antonio – $3,599
- Austin – $3,750 – $4,250
A memory care facility can add as much as 20% – 30% more than a standard senior living community. Your cost can vary depending on the type of housing, services, and amenities the community offers.
Westminster Place is a fully accredited senior living community that welcomes Texas seniors who need a new residence to call home. We will go over the costs of senior living and what is involved and answer any questions you have about how to pay for senior living.
Why Transparency in Senior Living Costs Matters
Transparency in senior living costs is essential because it helps seniors make better decisions about where to live and the care they receive. In the state of Texas, all senior living facilities must give new residents clear language about pricing and the services they offer.
Here are some examples of why transparency in senior living costs matters:
Building Trust
Trust in a senior living community is essential for your loved ones to feel comfortable in their new home. When a facility is upfront about its pricing and services, it shows they are honest and trustworthy. It creates a better sense of trust between new residents, their families, and staff members.
When you tour a facility, they will go over the cost of senior living, their programs and services, and other living costs in their community.
Prevents Unexpected Costs
A significant stressor for families is when unexpected costs appear on their monthly bills. This can put a financial strain on families who struggle with monthly bills and create stress and tension. Some examples of unexpected costs include:
- Level of care change
- Medication management fees
- Personal care and hygiene supplies
- Transportation services
- Meal plans
- Miscellaneous community fees
When meeting with a community, be sure to ask about any additional charges you are responsible for.
Encourages Open Dialogue with Team Members
Having clear transparency in senior living costs can make asking financial questions a little less difficult for families and residents. They feel like they can approach team members with any questions or concerns and get an open and honest answer. This can foster a stronger relationship with team members and have more constructive conversations.
Empowers Residents and Their Families
Knowledge is power. Transparency in senior living costs does more than just make asking financial questions easier. It helps make residents and families feel more in control of their finances and more confident about the choices they are making.
Try Westminster Place’s Senior Living Cost Calculator Today
At Westminster Place, we support Texas seniors who want to find a new home to enjoy their retirement. Our community features luxury accommodations, recreational and educational programs, healthy meals and snacks, and plenty of social activities and events that you can enjoy. Each of our programs is tailored to the individual and can include assistance with daily living needs, medication management, housekeeping and laundry services, and more. Come discover what life is like at our luxury senior living community by calling 903.329.6520 or connecting with us online today.
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