Buffalo is the second largest city in New York and considered a major port, as well as a “rust belt” manufacturing center. Due to the nearby lakes, Buffalo is also considered one of the snowiest cities in the entire nation. Thanks to the location, cultural amenities and historic districts, more and more seniors are deciding that Buffalo is a great location to spend their golden years.
The current population of Buffalo is 258,703 with 11.4 percent of these residents being over the age of 65. It is important for those in the community to get to know the facts and options they have if they plan to spend their retirement years in this city.
When you take some time to get to know a bit more about Buffalo you will be able to determine if this is where you would like to live.
In Buffalo, the median home cost is $54,600.
Compared to the remainder of the nation, the cost of living in Buffalo is 26 percent lower.
The population in Buffalo has fallen by 10 percent since 2000.
Buffalo is a cold, snow city that many people find quite appealing. Factors such as its close proximity to the Great Lakes, as well as Canada is also appealing to seniors who may want to travel and experience new things. However, getting to know about the cost expectations for the area can help a senior, and their family, determine the type of care that is right for them.
Being informed and knowing the average cost of care, regardless of the level of the type you require, can be quite beneficial and help a person know what to expect in terms of ongoing costs.
Licensed homemaker services (hourly cost): Between $17 and $27: $48,620 annually on average.
Adult day care services (hourly cost): $47 to $100; annual cost of $12,480.
Assisted living (private room): $3,350 to $7,830 per month; annual cost of $51,180.
Nursing home care (semi-private room): $235 to $387 per day; annual average cost of $127,750.
Nursing home care (private room): $245 to $414; annually $136,145 on average.
Take some time to evaluate your needs and financial resources to determine the option that best suits your needs and budget. In many cases, if extensive care is not required, then a senior apartment may be the most appealing option. This is when the senior lives independently in a community that is made up of other people who are over the age of 55. These apartments are also often based on the amount of income that a senior makes, rather than a flat rate. More information about this is available from the U.S. Department of Housing and Urban Development, HUD.
With Niagara Falls being just 20 minutes away from the city of Buffalo, many seniors find this an appealing location to spend their Golden Years. However, the majestic falls are not all this city has to offer. Other appealing factors include the July’s Garden Walk in Buffalo, which is the largest garden tour in the entire nation and home to nine greenhouses and the Erie and Buffalo County Botanical Gardens.
Seniors who want to be part of a vibrant, active community should check out Elderwood Village at West Seneca and if seniors need help with daily living activities, then WCA Home may be more of what they are searching for. Regardless of what a senior needs, or what their family is looking for, they will be able to find a quality facility that meets their specific care needs.
Thinking about the level of care and type of needs can help a senior determine the type of facility they need.
One of the biggest problems with seeking any type of senior living community is paying for it. The high costs of this care cause many families to experience financial strain. A family can expect to pay anywhere from $1500 to $5000 per month, based on the facility selected.
If a family finds that the costs are too high, they should use one of the methods of financial assistance to pay for this that are highlighted here.
Medicaid- In some cases, a senior in Buffalo will be able to qualify for Medicaid assistance. While nursing home care is not always covered by Medicaid, there are often waivers that can be used to help offset some of the associated costs. However, if a person does qualify for this care, the costs of their long-term care are often covered in full.
Veteran’s Benefits- People who are veterans, and their spouses, can benefit from funds and assistance from the Department of Veterans Affairs. The eligibility for this varies but the benefits that are provided can be quite significant. It is a good idea to speak with a professional to determine a person’s qualification.
Long-term Care Insurance- If a senior has long-term care insurance, then the coverage can be used to pay for the nursing home facility that has been chosen. It is important to purchase this policy long before it is actually going to be needed in order to be able to use it for care.
Find assisted living in Buffalo near you.