There are quite a few reasons that San Francisco is such a popular town for retirement. Amazing views of fog rolling over the city, unique architecture, Alcatraz, the Golden Gate Bridge – all these iconic features attract people. However, the cost of living in the city is not exactly low, which means seniors need to be prepared to pay higher rates when it comes to senior living arrangements.
In fact, according to a number of studies, the cost of living in San Francisco is over what it would cost to live in Paris. This might be the result why this is one of the very few cities in the United States that witnessed a reduction in the total number of seniors from the period of 2000 to 2010. While this reduction is not huge, it did take place when most of the other cities across the nation saw increases in regards to total seniors in the area. Right now, about 13.6 percent of the population, which is just over 100,000 people are over the age of 65.
It is also estimated that at some point, about 70 percent of these people are going to require some type of long-term care, besides an independent living facility. This is why it is so important to learn about the options available in the area now.
Learning more about the senior living arrangements in the city of San Francisco can be quite beneficial for those who plan to retire here.
There are over 1400 assisted living facilities in the state of California. There are more than 1200 licensed nursing homes in the state of California.
San Francisco has a high cost of living. This is a fact and one that those who plan to reside here must accept. Knowing what to expect can help seniors be ready for the costs they see when moving into any type of senior living location.
Taking the time to look at the cost of care for various types of senior living locations will help a senior know what to expect and ensure they are ready to cover their new home or the location they choose.
Licensed homemaker services (hourly cost): Between $24 and $35: $64,064 annually on average. Adult day care services (hourly cost): $55 to $88; annual cost of $19,760. Assisted living (private room): $1,014 to $7,425 per month; annual cost of $54,000. Nursing home care (semi-private room): $242 to $503 per day; annual average cost of $132,313. Nursing home care (private room): $375 to $549; annually $175,018 on average.
There are some seniors who are not in a position in their lives where they are in need of help or care during the day or night. This means that at home care, nursing home care and even assisted living care is not required. In most cases, living in a senior apartment, which is smaller and often provides services such as housekeeping and general maintenance is the preferable option. In many cases, the rent for these apartments is even based on the senior’s income. More information about these apartments is available from the U.S. Department of Housing and Urban Development, HUD.
There are quite a few options in the San Francisco area that offer long-term care for residents. For those who need medical care and quite a bit of assistance during the day, a nursing home is likely going to be the best option. In this case, locations such as Araville Residential Care Home III may be ideal. This location is located in southern San Francisco and offers breathtaking views of the bay. If a senior has discovered they may need memory care services, then Pacifica Senior Living may be ideal since the staff has the ability and knowledge to help those suffering from Alzheimer’s and dementia.
The cost of the care a senior needs in the northern California cities, including San Francisco, is higher than both the state and national averages. This includes nursing homes, assisted living facilities and even senior apartments. These costs are also increasing rates that are faster than the national average, according to Genworth Financial. In the past five years alone, the cost of a private room in a nursing home in San Francisco increased by 12 percent.
This increase in regard to the cost of various types of living arrangements often makes it difficult for some to pay for the services that are needed. While there are state and federal programs that help, such as Medicaid and Medicare, there are many people who find they don’t qualify. At this point, additional options are necessary.
Some of the most common options for paying for a new living arrangement in San Francisco is to pay out of pocket, sell off assets to cover the costs, utilize long-term care insurance and seek benefits from Veteran’s Affairs. Finding an assistance program that works best for someone can be challenging, but will be well worth it when the cost of this long-term care is needed.
Find assisted living in San Francisco near you.