Comparing the Costs: Assisted Living vs. Living at Home
Keeping a loved one at home and serving as their primary caregiver may seem like a cost-effective way of meeting their needs. Over time, many caregivers find this option actually creates more personal stress and financial burden than other options.
For starters, caring for a loved one requires a large time commitment. Most caregivers spend an average of 21 hours a week taking care of a loved one, according to a recent study. Some caregivers spend more than 30 hours a week taking care of their loved one.
Consider as well the amount of work you are likely to miss due to your caregiving responsibilities. More than 65 percent of surveyed caregivers missed some work, and more than half had lost income due to the demands of providing care.
Before you choose to serve as a primary caregiver, consider the personal and financial strain it may cause.
As you explore assisted living, it may help to see how the costs of staying at home compare with the costs of living at an Enlivant community. View our Cost Comparison worksheet.