When it comes to senior Living, we all want to age in place. However, the cost of finding a caregiver full-time is daunting. I put together a simple break-even comparison that looks at the average care cost for a caregiver in your home. Assisted Living should come into the conversation after paying about $6000 in prices with an in-home caregiver.

Finances are always part of the equation, so at what point should you no longer pay for a caregiver to provide in-home care and look for an option to move into an assisted living community. Let’s look at a scenario. Care through San Luis Obispo Caregivers is typically around $26 an hour. That means if your loved one needs 8 hours of care a day would cost approximately $26 x 8 hours x 30 days in a month = $6,240. If you were looking for 24-hour care, you would need to look at that same $26 x 24 x 30 days = $18,720 a month. Assisted Living and Care Homes in San Luis Obispo range in price from about $4000 a month up to $10,000 for the higher end. When you compare this to the cost of in-home 24-hour care, you can see that it makes a lot of financial sense to explore this option.

At what point does it no longer make sense to have a caregiver in the home, and when it is more cost beneficial to move to an Assisted Living community or Board and Care home. This video explores the break-even analysis that compares in-home caregiving versus assisted living and care homes.

This video explores the actual dollar amounts for local care and the cost of care homes in the area.


Call David at (805) 748-2614 for your Free 20-minute consultation.