Independent Living Cost Archives - Desert Winds Retirement Community

If you are searching for “independent living facilities near me” or “independent senior living near me” in Arizona, this article will help!

What Is Independent Living?

Independent living is plainly a housing arrangement for seniors who are the age of 55 or older. Housing for seniors will vary in types such as free standing homes, retirement communities, and apartment living. Senior housing will have a friendly atmosphere, more compact, and they are designed to let seniors get around more easily and all landscape and/or maintenance is done for them.

Typically, communities for independent living will offer its residents numerous activities and programs, other services as well as amenities. Independent living housing often has a recreational center and/or clubhouse that will allow seniors to interact with other seniors. Independent living may also have community participation in movie nights, arts and crafts, holiday gatherings, and other types of activities.

The community may also have facilities like fitness centers, swimming pools, golf courses, a variety of clubs and groups. There are other services such as on-site spas, daily meals, housekeeping, laundry services and barber or beauty shops.

Independent Living In Sedona, AZ

Sedona is regarded as the most scenic city in all of Arizona. And that reason alone makes it a wonderful place to call home. Sedona Winds, located in the heart of the red rocks, offers stunning courtyard views, along with a 24-hour staff for every need. Settle for a one-bedroom or large studio apartment, or choose their two-story building to enjoy breathtaking views, daily. General maintenance, weekly laundry and deep cleaning of your apartment, an emergency call system, and a diverse activities program are all included when you choose Sedona Winds.

Visit Sedona Winds website here.

Independent Living In Peoria, AZ

Offering assisted, independent and memory care services, Desert Winds is another top-notch community in the valley. Desert Winds offers three types of floor plans for assisted living residents. Whether a two-bedroom, two-bath or one-bedroom, one-bath is what you desire, Desert Winds has a plan for you. Studio apartments are available as well. All of these floor plans can be toured virtually on Desert Winds’ official website. All apartments come fully equipped with individual heat and AC units, a refrigerator, microwave, window treatments and more.

Visit Desert Winds website here.

Benefits Of Independent Living For Seniors

Independent Living In Surprise, AZ

If you’ve lived in Surprise your entire life and want to stay close to friends and family, then Chaparral Winds is the assisted living facility for you! As Chaparral Winds’ website states, this is a community designed for the active seniors, while still providing a relaxed vibe throughout the facility. A pool and hot tub combined with a beautiful dining area make this one of the premier communities in all of Arizona. Great shopping, golf courses, restaurants and medical facilities are all located within a few miles.

Visit Chaparral Winds website here.

Independent Living In Mesa, AZ

Canyon Winds is a Senior Living Services Community located in Mesa, Arizona. This facility offers plenty of choices for senior citizens of varying needs. One can find more than just assisted living at Canyon Winds, as they also offer independent and memory care services. This resort-style facility is breathtaking, with spacious floor plans and dining areas. A full activity program and fitness center await future residents. Looking to bring a small cat or dog to your new home? Not a problem at all, as every SLS Community is pet friendly!

Visit Canyon Winds website here.

How Much Does Independent Living Cost In Arizona?

Here are the average costs of independent living in some of Arizona’s most popular cities:

Assisted Living Cost Mesa, AZ: $1,788 per month
Assisted Living Cost Peoria, AZ: $1,788 per month
Assisted Living Cost Surprise, AZ: $2,330 per month
Assisted Living Cost Sedona, AZ: $1,920 (according to Senioradvice)

Independent Living Vs Assisted Living

So, why would one choose to live at an independent community over an assisted community? At independent facilities, the focus is on convenience and an active lifestyle, while assisted facilities are all about support and care. Independent living arrangements give you much more room, with housing spread out throughout the property. This is certainly not the case with assisted living. With the emphasis not on medical care within an independent community, this means the overall living costs are much less.

Independent Living At Desert Winds Retirement In Peoria, Arizona

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

How Much Does Independent Living Cost?

The average cost of independent living is $3,750 a month, with costs ranging from $1,500 to $6,000 in the US in 2020, according to Elmcroft.

How Much Does Assisted Living Cost?

WhereYouLiveMatters says the national average cost of assisted living is about $4,051 per month, according to the Genworth Cost of Care Survey 2019. The average assisted living cost per day is about $133 per day. The average cost of assisted living per year is about $48,612 per year.

How Much Does Memory Care Cost?

As reported by AARP the average cost of memory care is $2,500 a month with costs ranging from $1,000 to $4,000 in the US in 2020.

How Much Does a Nursing Home Cost?

The average cost of a semi-private in a nursing home is $248 per day, $7,441 per month, and $89,297 per year in the US in 2020, according to SeniorLiving.

How Much Does In-Home Care Cost?

As reported by Aging.com the average cost of in-home care is $300 per day with costs ranging from $200 to $350 in the US in 2020.

How Much Does a Retirement Home Cost?

The average cost of a retirement home is $5,000 a month, with costs ranging from $3,000 to $7,000 in the US in 2020, according to FinancialPost.

How Much Money Will You Need Each Year?

Don’t forget that $49,000 annually is the average. In fact, it will be very different for each one of us. Are you planning on staying close to home and spending your days taking care of your grandkids? You might not spend as much. Are you planning on taking a significant trip or 2 every year and get in plenty of camping and just get away from it all? You are most likely going to spend more. When you are younger, it’s harder to judge exactly what you will spend in retirement. But as you get an idea of your lifestyle, you can imagine retirement will be relatively similar. Are you spending $30,000 each year or $150,000? Take your personal numbers into consideration when trying to estimate the cost of your retirement.

How Long Are You Going Live?

An annual cost estimate is helpful, but only when you know over how many years you will be distributing that cost. As reported by the Social Security Administration, the average life expectancy of a 65-year-old man nowadays is 84. In women, it is 86½. However, those are only the averages. There’s a 1 in 3 chance a 65-year-old will reach age 90; 1 in 7 past 95. The average retirement lasts about 20 years, but what happens if you live longer? If you want to guarantee you will not run out of money, you should save for a minimum of a 30-year retirement.

How Will Inflation and Taxes Influence The Cost Of Your Retirement?

Costs increase. The things you can purchase nowadays with $49,000 are probably going to cost more in the future. Meaning if you are 30 years old and are planning for the cost your average retirement now, you probably should not adhere to that $49,000 yearly estimate — by the time you reach retirement, the average cost will probably be considerably higher. Inflation will also influence you throughout your retirement. That’s the reason over the 20 to 30 years or more than your retirement might last, costs are probably going to increase.

As well as inflation, taxes may be another huge cost in retirement. If you are planning on funding your $49,000 average using Social Security and capital from a 401(k), you are going to need more than the $49,000 in income annually. The reasoning is you will be obligated to pay taxes on the capital you take out.

How Will You Produce Income in Retirement?

As you’re saving for retirement, it can be easy to put all your focus on, say, saving (maybe you’re striving for the million-number mark). But once it comes down to funding your retirement, saving is only part of the formula. You should also plan for how you will produce your income. And that plan could impact how you save.

The best retirement plans comprise of income from various sources, including Social Security payments, pensions, revenues, IRAs, 401(k)s and possibly cash value from your life insurance. It’s also a good idea to have a mixture of non-taxable and taxable income sources such as conventional and Roth retirement accounts. The variety of income sources can enable you to be more tax-efficient when you’re saving and taking out your savings. It may also help you balance the increase you could get from higher-risk investments (helping you keep up with inflation) with the dependability you can get from ensured income sources such as Social Security, pensions and revenues (which helps take into account for the possibility of you living longer than you expected).

In the end, when you are intentional about how you produce income in your retirement, you can get more out of the money that you’ve saved. Meaning more in retirement at a lower cost!

If all this appears to be a little compelling, don’t fret. A financial advisor can assist you in getting an impression of where you are and what you wish for your future. Then they can help you create a plan that takes all of the components we discussed into account. Don’t forget, your plan is not only about retirement — it’s also about making preparations financially for the things you’ll want to do between now and your future.

Source:

“Who We Are.” Northwestern Mutual, www.northwesternmutual.com/life-and-money/what-does-an-average-retirement-cost/.

Peoria, AZ Retirement Community

Desert Winds Retirement Community

20545 N Lake Pleasant Rd #2577, Peoria, AZ 85382

(623) 322-0600

Desert Winds Retirement Community in the West Valley offers an abundance of activities, flexible amenity packages, several different lifestyles, and many floor plans from which to choose. We are a community you will be proud to call home. Offering solutions for all Independent, Assisted Living & Memory Care Residents.

Learn More About Retiring in Peoria AZ

Independent Living Facilities Near Me