Retirement living monthly service fees range from $1,694 for a single occupancy studio apartment to $7,680 for a double occupancy two-bedroom apartment rental. This includes a comprehensive list of services and amenities, including utilities, lawn care, 24-hour security, transportation, recreational activities and a meal plan, among other services and amenities.

While at first glance, retirement living costs may seem high, a careful evaluation of everything encompassed in the price demonstrates its value. Often, people find it equal to or less expensive than staying in their current house. Once an individual or couple takes a close look at what encompasses the costs, retirement living becomes a much more attractive option. Residents use a combination of assets (savings, sale of home, etc.) and monthly income as the most effective strategy for paying for this vibrant and secure lifestyle.

The Cost of Home Upkeep

Nearly 90% of adults age 60 and older plan to continue living in their current homes for the next five to 10 years, according to the American Association of Retired Persons (AARP). While this desire is understandable, as we age, many of us struggle with the need to make adjustments to our houses to ensure long-term safety.

Widened walkways, walk-in tubs and showers, ramps or handrails, home monitoring systems and anti-trip flooring are only a few modifications that address safety in older adults’ houses.

Many of these safety precautions are a one-time fix and, if desired, home owners can complete themselves, but more than 70% of individuals older than 60 still plan to not make significant renovations to their homes, according to AARP.

Due to the labor intensity and expense required to incorporate these safety features, more than 70% of homeowners age 60 and older plan not to make significant renovations to their homes, according to AARP.

All-inclusive Maintenance-free Living

In comparison, Masonic Village offers all-inclusive benefits and services that cater to residents’ well-being. (Not all communities are all-inclusive, so make sure you do your research.)

Residents living at Masonic Village pay an entrance fee followed by monthly service fees. If living in a rental apartment, they pay only a monthly service fee. Monthly service fees cover utilities, lawn care, 24-hour security, transportation, activities and a meal plan, among other benefits.

The nearly all-inclusive retirement living costs at Masonic Village replace the burden of budgeting with convenience and affordability. Many residents find the cost of living in our retirement community outweighs the cost of living in their current home when combined with the plan for their long-term future and well-being.

Prospective residents can discover this for themselves by completing an apples-to-apples cost of living worksheet. It compares costs of remaining in their current house with moving to Masonic Village. Sales and marketing staff can help individuals make the best decisions for their lifestyle and budget.

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