The Department of Housing and Urban Development estimates that private senior care housing can range in cost from $20,000 to $200,000 per year, depending on the services and degree of care offered by a facility. Many senior care housing communities employ medically trained staff, provide housekeeping and meal preparation services, as well as transportation for shopping, medical visits, and social outings. HUD also notes that as Baby Boomers approach their own retirement years, the trend toward creating active retirement communities where residents are active and involved will continue, encouraging seniors to live at a level of independence comfortable for them.
the outright purchase of a property.