Where Should Your Parents Live?

The decision is usually based on the level of care they require.

Senior apartment, retirement community

Apartment building, or complex of buildings or houses for seniors who live independently. Social activities are usually offered and sometimes meals and housekeeping, for an extra cost. (Varies with local market)

Assisted living facility

Group housing for people with some disabilities. Personal care and supportive services provided 24 hours/day plus some health care and meals.

$2,000-$3,000/month

Board and care

Small facility for 10 or less. Provides room, meals, help with daily activities and sometimes nursing services.

$350-$3,000/month

Continuing care retirement community

Large complex offering lifetime care. Options range from independent living to skilled nursing home care.

$60,000-$120,000 one-time entry fee plus about $1,400/month

Nursing home

Group housing for those who need skilled nursing care and personal care services. Meals provided.

$5,000-$7,000/month