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Contact us today to learn more about Baptist Retirement Community.

Average Cost of Retirement Communities and Best Ways to Pay

Cost of retirement communities

The cost of retirement communities can weigh heavily on the minds of seniors who are ready for retirement. Most people don’t plan for retirement until much later in life and worry they don’t have enough to cover the costs of moving into a retirement community. To see how your current expenses compare to retirement living costs, a cost calculator and comparison tool can show you the average cost of living in a senior living community, and the difference in cost between assisted living and independent living.

At Baptist Retirement Community, we have efficiency, studio, and one- and two-bedroom apartments for you to enjoy your retirement in comfort while having close access to social activities, health and wellness programs, and other services without having to leave the community. Our team will go over your retirement goals and find the right plan to meet your needs now and in the future. Our community is set up to take care of all your needs as they change. Check out our cost calculator to see how much you can save by moving into one of our comfortable retirement communities, then call 325.313.7931 to schedule a tour to meet our staff and see your new home.

Paying for Retirement

Experts suggest you should start saving for your retirement with your first full-time job, but most people in their 20s don’t think about retirement, let alone saving for it. The earlier you start a whole-life insurance plan, 401k, or other investment programs, the more options you will have in covering retirement communities’ costs.

If you are unsure about financing your retirement, you should meet with a financial planner as soon as possible. They can go over your retirement goals and develop a retirement plan to meet your goals.

Some of the more common ways of paying for retirement living costs include:

  • Cash-value life insurance plans
  • 401K, IRAs, and other investment packages
  • Pensions
  • Guaranteed income annuities
  • Social security benefits
  • Selling their home

At Baptist Retirement Community, we offer several senior living options to fit your retirement needs. We will work with your retirement goals and budget to find the right program to help you get the most out of your golden years.

Average Cost of Retirement Communities

The average cost of retirement communities in Texas is around $2,225 per month for independent living and $3,988 per month for assisted living. The cost of your retirement will depend on several factors, including your age, level of independence, and current medical needs.

Seniors who are healthy and can take care of themselves will find financial benefits from moving into a senior living community that includes:

  • No longer paying for home repair, housekeeping, and landscaping costs
  • Reducing your homeowner’s insurance cost
  • Save on fuel and auto repair by driving less
  • Save on food costs

Most senior living communities will offer programs and services to make your retirement as comfortable and entertaining as possible. These programs are covered in the cost of your retirement plan and include:

  • Transportation services to doctors appointments and group outings
  • An activities director that plans daily activities for socializing and exercise
  • Educational and recreational programs
  • On-site religious services
  • A full-time culinary team that offers nutritious meals and snacks
  • On-site barbershop/beauty salon
  • Housekeeping and laundry services

Baptist Retirement Community Offers Several Affordable Retirement Programs for Seniors in San Angelo, TX

Baptist Retirement Community provides seniors with a full range of programs and services to make your retirement comfortable and entertaining. If you are unsure what your costs will be, our calculate and compare tool can compare your current living expenses to our retirement communities’ costs.

The services we offer our residents include:

  • Independent living
  • Assisted living
  • Memory care
  • Respite care
  • Long-term skilled nursing care
  • Short-term rehabilitation therapy

To learn more about our retirement community, call 325.313.7931 today to meet our team and take a tour of your new home.