How much do local retirement communities cost?

Brought to you by – Dan Griffin,

Compass Realty

When choosing a retirement living option, there are many factors that will influence where you decide to live. These include proximity to family, access to healthcare, and amenities available. Affordability may also be a significant factor in your decision. Because there is such a range of options available in Atlanta, the costs associated with each can vary widely.

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For example, in age-restricted communities, there are usually different types of homes available. Talk to a real estate agent to find out the average home prices in 55+ neighborhoods in Atlanta. If you choose to move into one of these communities, you’ll also need to factor in the HOA fees, which usually cover amenities like a pool, golf course, gym, and other communal areas.

In Atlanta, the average monthly cost for independent living communities is around $3500. These fees may include meals, planned recreational activities, and property maintenance. If you’re moving in with your spouse, there may be an additional fee for a second person. If you’re interested in this option, make sure you understand any upfront costs and what’s included in the monthly fees.

Skilled nursing facilities are the most expensive option because they provide round-the-clock care. In the Atlanta area, monthly costs start around $7500 and may include meals, social activities, and health management.

When considering the cost of each option, make sure you find out what is and isn’t included. For example, will you need to pay extra for parking, cable tv, internet, or transportation? You should also ask whether monthly fees are fixed or whether they increase every year. Take the time to visit several communities and ask as many questions as you can before making your final decision.