The beautiful mountains, clear blue skies, and captivating hiking trails are some of the things that best illustrate Colorado. There are other things to appreciate in Colorado as well, and you should know about them if you plan on retiring in The Centennial State. This state is home to different kinds of cultural activities and below-average taxes, which were some of the reasons many people decide to make this their retirement state.
Do you want to find out about the senior living costs, the facilities and amenities they have to offer? In this article, we have collected all the important information you will need before you decide to retire in this state. This state is home to many kinds of facilities and centers, independent living facilities and assisted care centers, to name a few. We also have on formation on the various amenities that these facilities have to offer. If you want to find out more about a specific city, feel free to use the list below.
While it may not be one of the more affordable states to live in, it’s not as expensive when compared to the national average. The average monthly healthcare cost for living in this state is $4,572. This cost makes sure that seniors are living comfortably in their own residence, while the staff cleans the house and takes care of daily tasks.
Seniors residing in an adult daycare center pay an average monthly sum of $1,495 while engaging in social activities within a supervised facility. This frees up their primary caregivers’ time, which they can use to finish their daily obligations.
If you are a senior that requires a greater amount of help so as to finish your daily tasks, you should take a look at assisted living facilities. In Colorado, the average monthly cost for a stay at these facilities is $3,859 and includes healthcare services and personal care.
Colorado is also a home to numerous nursing homes all across the state. These facilities provide their residents with ‘round the clock care and supervision. Semi-private rooms go for an average of $7,663 per month, while private rooms go for an average of $8,547 per month. All of these facilities provide seniors with personal care, housing, medications, and 24/7 supervision and skilled nursing care, including therapy and rehabilitation.
Benefits of Choosing Colorado for Senior Living
With all the things to do and places to visit, retiring in Colorado is an easy choice. Below, we have listed the most favorable benefits of retiring in Colorado.
Colorado is one of the few states with clear distinction among the seasons. The summers in Colorado are sunny and warm, and winters are snowy and cold. During fall, the weather can get rather dry, but when spring comes, the gorgeous foliage and beautiful aspen trees will wash those dull feelings away.
Enjoyable Activities and Great Food in Colorado
Colorado has a rich culture, and its art history isn’t scarce as well which seniors can enjoy in. Boulder County is a home to 32 theaters, 30 art galleries, and 4 museums. Outdoorsy seniors will enjoy spending time in the Rocky Mountains, offering various sites and activities which made people start calling it “a mountain for everyone.” These include winter resorts, full of skiing locations that are suited for all ages. The cuisine in this state vary greatly, offering marvelous gourmet dining experiences and BBQ joints alike.
Colorado’s overall cost of living might be above the national average, but the taxes are not. The state and local taxes in Colorado are consumer-oriented. The tax burden is at 9.02%, and the average stands still at 10%. Also, Colorado doesn’t tax Social Security and pension income up to $20,000 for retirees aged 65+, or for the first $24,000. Seniors with bigger pockets needn’t worry, since there are no inheritance and estate taxes.
Active and Healthy Lifestyle in Colorado
Most of the people living in Colorado enjoy the outdoors and gave been reported to exercise more and have happier lives. Colorado ranks 8th in the nation for overall good health. It should come as no surprise that citizens of Colorado have a low obesity and diabetes rate.
Colorado Senior Living Options
There are many senior living options to choose from in Colorado. Seniors that plan to retire here have on disposal several independent living communities, assisted living facilities, memory care centers, and nursing homes. Each of these facilities and centers, and the costs that are associated with them are further elaborated below. Take a look at our list and decide which of these fits your profile.
There are more than 170 independent living communities all over Colorado. The average monthly cost for these facilities varies, depending on location, among some – and ranges anywhere between $963 and $4,785. Independent living communities located in the metropolitan area are more expensive than those in suburban areas. This type of senior care is best suited for seniors that still lead a healthy and active life, and don’t need 24/7 nursing care.
There are lots of apartment living options to choose from in Colorado. Seniors living in these apartments are being provided with everything they need in order to have a relaxed life. Senior communities are also near shopping centers, pharmacies, and hospitals. Each community may have different amenities, but some of the more common ones include gyms, walking and hiking trails, clubhouses, meeting rooms, and lots more, all in the service of the residents.
Lots of assisted living facilities are present all over Colorado, and they give seniors access to social activities and opportunities, experienced caregivers, healthcare, and much more, all to make them feel at home. As it is with senior apartment communities, the amenities can vary among different facilities, bust most of the assisted living communities help retirees with housekeeping, laundry service, transport, meal preparation, and ‘round the clock surveillance for greater security.
The average monthly cost for these facilities can range from as low as $1,752 to as high as $8,700. The less affordable assisted living facilities can be found in the Colorado Springs metropolitan area, and the costs range from $2,205 to $6,385 per month. The more affordable assisted living facilities are located in the Pueblo area, and prices range from $2,200 to $3,725 per month.
Colorado Memory Care
More than 300 memory care centers operate all over Colorado. Seniors struggling with Alzheimer’s and dementia, or dementia-related illness can seek assistance at one of these memory centers. Healthcare professionals at these centers work around the clock and provide customized care for each different patient. Memory care centers have ‘round the clock surveillance which helps residents in case they get lost. Average monthly care costs vary greatly, ranging from as low as $2,540 to as high as $12,615.
Nursing Homes in Colorado
During 2014, seniors ager 65+ made up 13.2% of the total population, and this is percentage is estimated to get as high as 15.2% by 2020. Between 2010 and 2025, the annual number of retirees in this state is estimated to increase by 74%, compared to the current national average of 27%. At the moment, Colorado has over 840 senior living providers for the constantly increasing senior population.
Daycare facilities in Colorado cost of about $1,395 per month and provides seniors with various activities and therapies which engage them in a physical, emotional, and mental way. Various facilities have different amenities that they offer to their residents.
Seniors with terminal illness should take a look at the 305 hospices that are available in the state. Patients at these hospices are being taken care of by an experienced and professional staff that works to reduce the physical pain with the help of medications and activities, as well as different therapies that help with grief. Social workers, chaplains, and other kinds of support staff are also available for patients and their families to help them with these difficult times.
Last but not least, Colorado’s 327 respite care facilities operate all over the state so as to make primary caregivers’ lives easier. The average annual cost for respite care facilities in Colorado is $79,025. These facilities make seniors’ lives easier and full of enjoyment.