The Cost of Senior Living Communities near Bridgewater, NJ
If you’ve been looking at area senior living communities, you may be trying to determine which option will best fit your budget and your lifestyle. The average cost of independent living in NJ depends on the type of community you choose, the available services and amenities, the size of your residence, and the number of residents living in it. This post will help you start to answer the question: How much does senior living cost? We’ll also give you some good guidelines to determine the average cost of assisted living in NJ.
Senior Living Versus Staying in Your Home
According to Zillow.com, the average value of a home in Bridgewater Township was just over $468,000. If you’re considering staying in your home because it’s paid off, you should still factor in that the cost of living in Bridgewater is higher than the national average for categories like food, housing, utilities and transportation.
At Laurel Circle, a one-bedroom apartment starts at $173,000. Plus, at a Life Plan Community with Life Care like Laurel Circle in Bridgewater, NJ, costs — including maintenance, utilities, property taxes, dining, activities, housekeeping, scheduled transportation and higher levels of care — are covered by your monthly service fee. When you add it all up, living at Laurel Circle could be more affordable than you think.
Factoring in Long-Term Care
But what if you or your loved one needs help with activities of daily living like eating, bathing and medication reminders? How much does assisted living cost in NJ? When comparing the cost of senior living communities, it’s good to know if the cost of higher levels of care is included and how this cost compares to home care and other options in your area.
Laurel Circle offers a Type A contract, also known as Life Care. Having Life Care helps protect you from unpredictable long-term health care costs. That way, should you ever need a higher level of care — assisted living, memory support or skilled nursing — you’ll have guaranteed, unlimited access without an increase in your monthly fee (apart from inflation or ancillary expenses).
According to the U.S. Department of Health and Human Services, 70% of seniors 65+ will need some type of long-term care services. If you ever need care and don’t live at a Life Care community, here’s what you can expect to pay per month around Trenton, New Jersey:
Home Health Care
- Homemaker Services1: $4,671
- Home Health Aide1: $4,957
- Adult Day Care2: $1,842
- Assisted Living3: $6,750
- Semiprivate Room2: $10,615
- Private Room2: $11,756
At Laurel Circle, we help people just like you understand their options to find the right fit. If you know a move is in your future, we’ve put together “Make Your Move: A Step-by-Step Guide for Moving into a Senior Living Community.” Our moving guide offers easy-to-follow instructions to help make your move more manageable. To get our guide, please fill out the Contact form on this page or call us at 908-595-6500.
Genworth 2019 Cost of Care Survey, conducted by CareScout®, April 2019
1. Based on annual rate divided by 12 months (assumes 44 hours per week)
2. Based on annual rate divided by 12 months
3. As reported, monthly rate, private, one-bedroom