Assisted Living in Indiana: What Does It Cost and Why?

Updated on 9/20/2024

If you’re looking into assisted living facilities in Indiana, you have a lot of choices. Seniors in Indiana are in good company, since it’s projected that in 20 years, nearly 20% of the state’s population will be over 65. While Indianapolis is a large, vibrant city, Indiana is also known for its safe, friendly midwestern towns and lower-than-average cost of living. Whether you’re looking for a facility near Lake Michigan in the northern part of the state, or all the way down on the Ohio River, Indiana has a lot to choose from.

What Does It Cost?

According to the Genworth 2024 Cost of Care Study , the median monthly cost of a private, one-bedroom accommodation in an assisted living facility in Indiana is $5,013 (for a private, one-bedroom unit). This works out to about $165 per day and $60,150 annually. Prices vary throughout the state. The median monthly rate for facilities in the Bloomington area only $3,108, while the median monthly rate in Muncie is $5,383 and in Evansville it is $7,245.

What Do You Get?

Indiana’s assisted living facilities provide an array of services and fit a variety of lifestyles. Most communities’ monthly fees cover utilities, three meals a day, housekeeping, 24-hour emergency services, transportation, and help with bathing, dressing, and other daily needs. Extra services like memory care may cost more. Facilities that offer specialized care like Alzheimer’s care or advanced respiratory care may charge higher rates. Some facilities offer activities like cooking classes, yoga and Tai Chi classes, and excursions to museums and sporting events. Many communities offer classes and activities; but in others, residents pay extra fees to participate in activities.

What Determines Your Cost?

With the nationwide median monthly rate of $5,350 for a private, one-bedroom unit, Indiana’s rates are about average for the United States. Location is a significant factor for price.

With assisted living facilities, your cost is also based on your level of care. Unless you’ve agreed on a contract with a CCRC (Continuing Care Retirement Community), your cost is likely to rise, especially if you need more specialized care. For example, while $5,013 is the median monthly cost for assisted living in Indiana, the median cost of a private room in a nursing home facility is nearly twice that, at $9,703.

How Do You Make Your Choice?

The only way to find the right assisted living facility for you or your loved one? Visit the community. You can do preliminary research online, on the phone, or by talking to residents and families; but you can’t know if a facility is right unless you tour several facilities. Visit more than once, and spend some time getting to know the community.

Learn about assisted living facilities in Indianapolis here

Find out more about assisted living here!

The post Assisted Living in Indiana: What Does It Cost and Why? appeared first on Seniors Guide .