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Functional Living

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living trends by Settings

Settings

Independent Living

$2,552/Month. $30,624/Year

  • Average monthly cost of Independent Living in 2022 was $2,552.

Assistive Living

$5,250/Month $63,000/Year

  • Assistance with ADLs (Activities of Daily Living: Showering, Dressing), Dining Services, Apartment-style living
  • Average monthly cost of Assistive Living  in 2023 (SeniorLiving.Org)

Nursing home (long term)

$8,500/Month$102,000/Year

  • 24-Hour Medical Care, Meals, Safety Features
  • The average annual cost of a private room in a nursing home was $102,000 in 2019 (Genworth)

In home attendant

$4,000/Month$48,000/Year

  • Americans spend an average of $4,000 a month on home care services (Genworth, 2023). 

Functional Living promotes aging in place to decrease financial burden that facilities cost

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