Sep 7, 2023

How much does a memory care facility cost?

Manny Cominsky

Memory care facilities provide specialized care for seniors with Alzheimer's disease or other forms of dementia. These facilities offer a safe and supportive environment tailored to the unique needs of individuals with memory impairments. However, the cost of memory care can be a significant concern for families seeking the best care for their loved ones. In this comprehensive guide, we will explore the factors that influence the cost of memory care, examine the average monthly costs by state, and discuss options for covering the expenses.

 Average Monthly Costs of Memory Care by State

The cost of memory care can differ considerably from state to state due to variations in the cost of living and regional market factors. Because prices can vary greatly not only between states but also between different memory care facilities, it’s important to do your research (or let Sunbound do it for you!) to find out the cost of memory facilities in your area. That being said, the average cost of a memory care facility is generally between $5,000-$9,000 per month

Understanding the Factors That Influence Memory Care Costs

The cost of memory care can vary based on several factors, including the location of the facility, the level of care required, and the amenities and services provided. Here are some key factors to consider:

Level of Care

Memory care facilities offer different levels of care depending on the stage of dementia and the specific needs of the residents. As the disease progresses, individuals may require more intensive care and supervision. The level of care provided can impact the cost of memory care.

Facility Amenities

Memory care facilities may offer a range of amenities and services to enhance the quality of life for residents. These can include specialized programming, therapeutic activities, access to outdoor spaces, and social events. The availability and extent of these amenities can affect the cost of memory care.

Staffing Ratios

Memory care facilities typically have higher staffing ratios compared to other types of senior care facilities. This is to ensure that residents receive the attention and assistance they need. The number of staff members and their qualifications can influence the cost of memory care.


The cost of memory care can vary significantly depending on the location of the facility. Memory care facilities in urban areas or regions with a higher cost of living may have higher prices compared to facilities in rural areas. It is important to consider the cost of living in the desired location when budgeting for memory care.. 

Options for Covering the Cost of Memory Care

Paying for memory care can be a significant financial challenge for many families. However, there are several options available to help cover the cost:

Long-Term Care Insurance

Long-term care insurance can provide coverage for memory care expenses, depending on the specific policy. It is important to review the terms and coverage of the insurance policy to determine if memory care is included.


Medicaid is a government program that provides assistance for low-income individuals and families. In some states, Medicaid may cover the cost of memory care for eligible individuals. Eligibility requirements and coverage vary by state.

Veterans Benefits

Veterans and their spouses may be eligible for financial assistance through the Department of Veterans Affairs (VA) to help cover the cost of memory care. The VA provides a variety of benefits and programs for veterans, including aid and attendance benefits.

Personal Savings and Retirement Funds

Many families use their personal savings, retirement funds, and other assets to cover the cost of memory care. It is important to carefully budget and plan for these expenses to ensure long-term financial stability.

Reverse Mortgages

A reverse mortgage allows homeowners aged 62 and older to borrow against the equity in their homes. This can provide a source of funds to help pay for memory care. However, it is important to carefully consider the terms and implications of a reverse mortgage before proceeding.

State Programs and Grants

Some states offer financial assistance programs and grants specifically for individuals with dementia. These programs may help cover the cost of memory care or provide additional support for families.

The cost of memory care can vary based on several factors, including the level of care, facility amenities, staffing ratios, and location. It is important for families to research and compare memory care facilities to find the best fit for their loved ones' needs and budget. Additionally, exploring options such as long-term care insurance, Medicaid, veterans benefits, personal savings, and state programs can help alleviate the financial burden of memory care expenses. By understanding the cost of memory care and exploring available resources, families can make informed decisions about their loved ones' care and ensure they receive the support they need.

To learn more about how Sunbound can help make senior care more affordable for you or your loved one, send us an email at or request more information on Sunbound. Sunbound is the best way to pay for senior living and senior care and is on a mission to make senior living affordable for everyone.

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