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How Much Does It Cost to Live in a Retirement Community?

Many Americans underestimate the cost of living in a retirement community while others overestimate. In North Carolina there are approximately 162 Independent Living communities to choose from. The cost of these communities will vary as a result of the amenities and services provided, the location, home designs and much more. Below you will find information to help you decide which community provides the best value for your money and the lifestyle you want to live after 55.

The cost of senior living in North Carolina

A recent report states that the average cost for independent living in North Carolina is approximately $2,267 per month. This is higher than the national average which is approximately $1,729 per month.

North Carolina has been named one of the best places to retire in the US, so there is no surprise the cost for senior living is above the national average.

National data on living costs for independent living is not published frequently; this is the most recent report conducted on independent living costs in 2015 which shows the monthly average, monthly minimum and monthly maximum for all the states in the US. These numbers have since changed, however, they serve as an indicator of which states are the most or least expensive for independent senior living.

Cost of Living at Creekside at Bethpage, North Carolina

Creekside at Bethpage offers a variety of floor plans and home designs to choose from, with prices starting in the mid $200’s. With a total of 18 designs to choose from, buyers can choose the home that suits their needs and style the best. If you’re interested in seeing if any of these homes fall within your budget, simply select the home you are interested in and use our handy monthly payment calculator. You would be amazed just how affordable these luxury senior homes can be!

Other Costs to Consider

When thinking about exactly how much it costs to live in a retirement community, you also should consider other expenses based on your needs. Your daily expenses may be small, but they still need to be accounted for when planning your move. Do you have medication or treatment costs to consider? Debts you are currently paying off?

It’s always best to get everything on paper and perhaps take it a step further to speak with a financial adviser about your plans to ensure you can live comfortably during your retirement years.