When the need for independent living or assisted living arises, the immediate concern often revolves around how to afford it. The transition to a senior community can initially feel unsettling, but with the right information, you can make the best choice for your family.
In Aiken, SC, the Cumberland Village team empathizes with how this feels. We help families understand average costs, what they include, and potential senior financial solutions.
Also good to know: If you’re researching assisted living communities in South Carolina, our state averages less than North Carolina, Tennessee, and even Florida.
What Does the Average Cost of Assisted Living in South Carolina Include?
According to Genworth, the average cost of assisted living in South Carolina in 2023 is $4,650. This source places Aiken, SC, in the Augusta, GA, area, where the average is slightly higher at $4,748. While those numbers might seem surprising, it’s important to understand what a monthly assisted living fee covers.
Residents receive much more than a roof over their heads and meals.
In most communities, the fee includes features that add significant value for residents:
- Accommodation: A private or shared room tailored to your loved one’s needs.
- Meals: Nutritious and balanced meals are provided three times a day, often with snacks in between.
- Personal Care: Assistance with daily activities like bathing, dressing, and grooming.
- Housekeeping and Laundry: Regular cleaning and linen services.
- Medical Services: Medication management and other health-related services.
- Social Activities: A variety of programs and events aimed at keeping residents engaged and active.
Knowing what to expect helps justify the costs and ensures that your loved one receives comprehensive care.
Senior Financial Solutions: How to Afford Assisted Living in South Carolina
There are several strategies for funding the cost of assisted living:
- Long-Term Care Insurance: If your loved one has a long-term care insurance policy, it can significantly offset the costs associated with assisted living.
- Veterans Benefits: Veterans and their surviving spouses may qualify for financial assistance through programs such as Aid and Attendance.
- Selling or Renting Property: Many seniors own homes they can sell or rent to generate income. That can provide the necessary funds to cover monthly expenses without depleting savings.
- Reverse Mortgage: A reverse mortgage allows seniors to convert part of their home equity into cash. That can be a viable option for those who wish to retain ownership of their home while receiving a steady income stream.
- Family Contributions: Pooling resources with family members can also help manage costs. Siblings and other relatives might be willing to contribute financially to ensure that a loved one can afford quality care.
- Savings and Investments: Drawing from retirement savings, IRAs, or other investments can provide the needed funds.
- State Assistance Programs: Various state programs offer financial assistance to seniors.
These funding sources may help cover some of the costs associated with assisted living, easing the financial burden. If you need assistance managing senior finances, an experienced professional can tailor a plan to meet your needs.
Introducing Cumberland Village
Located in the heart of Aiken, Cumberland Village was voted Best Assisted Living in Aiken, SC, by the Aiken Standard. Our support services, on-site perks, and independent living options help seniors maintain their independence and pursue their passions.
Our Services and Amenities
At Cumberland Village, we create a nurturing atmosphere where residents feel at home. Our services include:
- Comfortable Living Spaces: Spacious, accessible apartment floor plans.
- Dining Excellence: Delicious meals crafted by our culinary team, catering to various dietary requirements.
- Personalized Care: Tailored support for each resident’s unique needs and preferences.
- Wellness Programs: Activities promoting physical, mental, and emotional well-being.
- Community Engagement: Events and social gatherings that build connections among residents.
We realize this can be a life-changing experience and can guide you through the process with compassion and professional guidance. Our commitment to quality care ensures your loved one will receive the support they need and enjoy a fulfilling, active lifestyle.
Make the Best Choice for Your Loved One Today
Choosing the right assisted living community is a significant decision, and Cumberland Village can make it easier for you. Our team, comprehensive services, and award-winning care provide peace of mind and a supportive home for your loved one.
Take the first step towards a brighter future for your loved one. Contact us to learn more about scheduling a tour of Cumberland Village.
