A050 Senior Housing Guide 2023

Continuing Care Retirement

Community (CCRC)

Assisted Living (AL)

Full range lifetime of care—independent, assisted, skilled nursing sometimes

Meals/snacks, activities


Catering to independent, healthy, some health issues—some may enter assisted or skilled nursing


Estimated costs: buy-in may be required ($350,000-$1.5M+), monthly service fee $3,500-$5,000+

Payment: private pay, long term care

Help with personal care such as bathing, dressing, household tasks

Meals/snacks, activities

Assistance with meds

Estimated costs: $5,500-$8,000 monthly plus special care assistance $500-$5,000

Payment: private pay, long term care insurance

Active 55+ Homes/Condos

Senior 55+ Apartments

Independent living, activities, security, low maintenance, no healthcare (use in-home care agency)

Estimated costs: $400,000-$1M+

HOA monthly fee-$800+

Payment: Private pay, mortgage financing

Independent living with meals, housekeeping and some activities

Estimated costs: $3,500+ monthly, studio, --more for larger apartments

Payment: Private pay

Memory Care

Board & Care

Specialized support for memory issues, 20-100 residents, security, 24/7 care

Estimated costs: $5,500-$18,000+


Payment: Private pay, long term care insurance


Usually licensed for six residents,

shared or private rooms

Estimated costs: $5,000-$9,000, depending upon care needed

Payment: Private pay or insurance

In-Home Care

Manufactured Housing/Mobile Home

Health/personal care in home, non-medical

Estimated costs: $40-$50 per hour, depending upon level & frequency of service

Payment: private pay, Medicare, Medi-Cal, VA, long term insurance

Independent living, 600-1,800+ sq. ft.

Estimated costs: $250,000-$400,000+ Monthly parking space-$500-$1,200

Payment: Private pay, mortgage financing

Accessary Dwelling Unit (ADU)

Independent living, small backyard homes—350-700+ sq. ft.

Estimated costs: $250,000-$400,000+

Payment: private pay, mortgage financing.