Seniors looking for an affordable state to retire to and spend there their golden years should definitely take a look at Indiana. This is because one of the main benefits that Indiana has to offer is the low cost of living, which is well below the national average. In addition to the low housing costs, the prices for groceries are also on the low end. Seniors residing in Indiana will take a liking to the seasons in the state, which include snowy winters and marvelous summers that are great for many outdoor activities like picnics or hiking.
If you came here, you must be wondering what the senior living costs are like in Indiana, as well as the facilities available and benefits being provided. You’re in luck, since we’ve gathered the most important importation to make your decision making easier. This includes the various senior living options like independent living or nursing homecare, as well as information about the different types of support systems that have been put in place and the amenities that each of them have to offer. If you already have a general idea about where in Indiana you’d like to move to, feel free to use our list of cities below and find the closest facility to the city of your choice.
With a housing index of 85.30, Indiana is placed among the top most affordable states to retire to in the nation. To give you a general idea about what this means, one-bedroom apartments have an average monthly cost of approximately $603, compared to the national average of $825. Two-bedroom apartments on the other hand, have an average monthly cost of about $764, compared to the national average of $1,027.
When compared to the national average, the monthly living costs in Indiana are somewhat affordable. Home healthcare has an average monthly cost of around $3,813, and for this fee seniors are able to enjoy the comfort of their own homes while professional aides are providing help with daily tasks, housekeeping, meal preparation, and more.
Adult daycare facilities in Indiana have an average monthly cost of $1,842. This price provides seniors access to housing at a supervised facility during daytime while their primary caregivers are out taking care of their own daily tasks and obligations. Apart from housing, seniors residing in these facilities will also be able to take advantage of various social and local activities, as well as therapies and health services. This type of senior care is best suited for seniors that are still mostly active and independent, without the need for ‘round the clock skilled nursing care.
If you’re a senior that requires a greater degree of help with day-to-day activities, you should take a look at assisted living facilities. While this senior care option is more expensive than home healthcare or adult daycare, it does provide personal care and health services, in addition to the benefits and amenities that the rest have to offer. Assisted living facilities in Indiana have an average monthly cost of about $4,025.
Indiana is also home to lots of nursing homes which operate statewide for senior in need of ‘round the clock safety supervision and care. This is undoubtedly the most expensive form of senior living, but it also provides the most when compared to the other options available. Semi-private rooms go for an average of approximately $6,692 per month, and seniors that prefer more privacy can opt in for a private room for the average monthly cost of around $7,817. Nursing homes provide their residents with various useful amenities and benefits like personal and skilled nursing care, medication administration, ‘round the clock safety supervision, and much more.
Benefits of Choosing Indiana for Senior Living
One of the main benefits that await seniors moving to The Hoosier State is that housing in the state is very affordable, which is evident when one takes a look at the median home cost of $115,000, a price significantly lower than the national average of around $165,000. But this is not the only benefit that seniors will be able to enjoy when they move to Indiana. Keep reading to find out more below.
Colorful Seasonal Transitions in Indiana
During winter in Indiana, children and grown-ups alike enjoy making snowmen in their yards, and when summer comes, picnics and walks are a common sight in the state. There are also plenty of green parks and the homes here have pretty big backyards, making it easier for families and friends to connect and generally have a great time together. What’s different in Indiana when compared with some other states in the nation is that each season will make you change clothes in order to feel more comfortable.
Fun Social and Local Activities in Indiana
Despite being in the middle of the U.S., Indiana has a pretty big coastline, very much similar to some coastal states, owing to Lake Michigan. Seniors here will be able to take a walk on the beaches or do some finishing on the calm clear water. Car enthusiasts also love Indiana, and this is because of the Indianapolis Motor Speedway which makes way for some of the biggest races and car shows in the nation. The state is also home to a large number of casinos with slot machines and card games for visitors to take part in.
Somewhat Senior-Friendly Taxes in Indiana
When you compare Indiana with the nation average, it is clear that the state is a relatively tax-friendly for seniors. Firstly, Social Security Income isn’t being taxes, but this is an exception as the other forms of retirement income are fully taxed. The sales tax rate stands at 7%, and the average property tax rate in Indiana is at 9.88%. Seniors and homeowners in this state can get a tax deduction if cases when their home is a primary residence.
Affordable Groceries in Idiana
Most states in the nation have noticed an increase of the price of groceries. One such example is a gallon of milk, which can be found for $6+, almost double from what you will pay in Indiana. Overall, Indiana has some of the most affordable groceries in the nation, as the grocery index is 92.5, compared to the national average of 100.
Senior Living Options in Indiana
As far as senior living is considered, seniors wanting to retire in Indiana have several options to pick and choose from and these include independent living, assisted living, memory care, and nursing home care. Each of these types of senior living are different from one another, and they specialize in different types of senior care, so keep reading below and find out which one of these is the right one for you or your loved one.
There are over 300 independent living facilities in Indiana. This type of senior living is perfect for seniors that are still mostly active and healthy, without the need for ‘round the clock nursing care. Seniors that prefer living in an apartment setting along with their peers can take a look at active senior communities for seniors aged 55+ or 65+, where they will be able to hang out with people of their own age range and take part in various social activities. While active senior communities vary with size and location, all of them usually offer useful amenities like gyms, walking and hiking trails, pools and jacuzzies, and much more – all at their residents’ fingertips. The average monthly cost range for independent living facilities in Indiana is anywhere from $602 to $4,521.
Indiana is also home to assisted living facilities that can be found all over state, and their main goal is providing seniors with professional caregivers, quality healthcare, and access to various social and local activities. Residents of these facilities will be provided help with daily chores, housekeeping, laundry services, personal transportation, meal preparation, and ‘round the clock surveillance for their safety.
Assisted living facilities in Indiana have an average cost range that can get as low as $1,095 and as high as $8,220 per month, a price determined by many factors like location and services provided. The more affordable facilities are located in the Kokomo area, while assisted living facilities of the higher price range can be found in the Lafayette-West Lafayette metropolitan area.
Indiana Memory Care
Memory care centers are another form of senior living available in Indiana, and their average annual cost comes up at approximately $64,793, with average monthly cost range from as low as $1,587 and as high as $11,919. These costs are mainly affected by the location of the facility, the health requirements of the senior, and the services provided. Memory care centers specialize in providing care for seniors afflicted with Alzheimer’s, dementia, or other memory loss ailments. Furthermore, the facilities that these centers are located in have specially designed hallways and rooms with the intention of minimizing the risk of residents getting lost and wandering off. The staff on-site at these facilities also provides help and comfort for any senior that gets lost and/or gets a mental breakdown due to memory loss. All in all, memory care centers are here to make seniors’ lives as easy and stress-free possible.
There are more than 1,000 senior living providers in Indiana, which means that seniors won’t have any issues when looking for a senior living option that is right for them.
158 of all senior living providers in Indiana go to adult daycare facilities. Adult daycare facilities in Indiana provide seniors help in the form of trained professionals that provide constant health monitoring, meal preparation, various group activities, and more. Adult daycare facilities in Indiana have an average annual cost of around $18,200, compared to the national average of approximately $23,400.
Over 90 hospice care centers operate all over the state, and they are staffed by professional caregivers and offer many useful amenities for their residents. Hospice care facilities specialize in end-of-life care for seniors that have been diagnosed with terminal illness which includes pain management through carefully administered medications and grief counseling for both the senior and their family – something that is much needed when one approaches their death, helping them both overcome these trying times and figure out how to better manage their grief. Some select hospice care centers in Indiana have a Strength of Friends program, which allows family members and friends of terminally ill seniors to plan meals and visits together, leave each-other messages, or provide updates about their life.
Respite care facilities and the services they provide are often used by primary caregivers which can be either independent or family members. This type of senior care is best suited for seniors that can’t function without any help, often due to a medical condition or age. The services provided here are beneficial for both the senior and his/her primary caregiver, as they are often family members that are unpaid and have obligations of their own, including something called caregiver burnout – something that is well documented and may have sever consequences for the caregiver. There are 565 such respite care facilities operating in Indiana, and they provide their residents with everything they need in order to make their stay as comfortable as possible, as well as three nutritious meals a day, including social activities to stave off boredom, and ‘round the clock health monitoring. The average annual cost for respite care facilities in Indiana is roughly $72,635, a price tag that is significantly lower than the national average of $110,000 per year, and the services they provide can be used for as short as few hours a day, several days a week, months, or indefinitely.