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Navigating Retirement Planning: How Data on Senior Living Can Help You Prepare for the Future

Planning for retirement can feel daunting, especially when faced with financial challenges or unexpected life events. There’s a lot of stories that underscores the importance of proactive planning and understanding your options—especially when it comes to senior living. 1. Medicaid-Accepting Communities: Understanding Accessibility For those concerned about affordability, Medicaid can be a vital lifeline. Across […]
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Costs in the U.S.: A Comprehensive Guide Senior Living: Services, Costs, and Benefits

Planning for retirement can feel daunting, especially when faced with financial challenges or unexpected life events. There’s a lot of stories that underscores the importance of proactive planning and understanding your options—especially when it comes to senior living.

1. Medicaid-Accepting Communities: Understanding Accessibility

For those concerned about affordability, Medicaid can be a vital lifeline. Across the United States, a significant number of senior living communities accept Medicaid, offering more accessible options for long-term care. Below are number of communities accepting Medicaid per state.

State CodeNumber of Medicaid-Accepting Communities
NC430
CT215
OH960
IA408
MD238
CO235
TX1316
SC187
WI333
TN302
NY561
LA272
OK296
MA374
FL778
MI425
IL693
KY263
PA673
AL223
VA283
ID77
AR242
NJ364
MN310
AZ143
KS279
MO514
NM69
ND66
IN524
WA198
NE170
CA1094
MS184
GA339
MT53
OR122
NH75
ME83
NV58
VT35
SD78
AK9
RI80
UT91
DE42
HI34
WV120
WY25
DC13
PR4

Understanding whether your preferred state or community accepts Medicaid can help you navigate financial planning and secure affordable care.

2. Number of Certified Beds: Gauging Availability

The availability of certified beds in a community often determines how easily residents can find placement. Considering these factors early can help you secure a spot in your desired community before demand peaks.

3. Occupancy Rates: Regional Trends Matter

Occupancy rates serve as a critical indicator of availability and demand. Knowing these trends in advance allows retirees to evaluate where and when to seek care options.

4. State-Specific Average Starting Prices

Senior living costs vary significantly across states, making location a key factor in retirement planning. According to our data:

StateAnnual Cost for Semi-Private RoomMonthly Cost for Semi-Private RoomStateAnnual Cost for Private RoomMonthly Cost for Private Room
Alabama$91,250.00$7,604.00Alabama$96,725.00$8,060.00
Alaska$224,475.00$18,706.00Alaska$415,005.00$34,584.00
Arizona$91,250.00$7,604.00Arizona$113,150.00$9,429.00
Arkansas$83,950.00$6,996.00Arkansas$94,900.00$7,908.00
California$136,875.00$11,406.00California$158,775.00$13,231.00
Colorado$113,698.00$9,475.00Colorado$125,195.00$10,433.00
Connecticut$180,675.00$15,056.00Connecticut$198,925.00$16,577.00
Delaware$133,590.00$11,133.00Delaware$142,715.00$11,893.00
Florida$118,625.00$9,885.00Florida$136,875.00$11,406.00
Georgia$95,265.00$7,939.00Georgia$100,375.00$8,365.00
Hawaii$146,000.00$12,167.00Hawaii$146,365.00$12,197.00
Idaho$125,925.00$10,494.00Idaho$132,860.00$11,072.00
Illinois$89,425.00$7,452.00Illinois$104,025.00$8,669.00
Indiana$94,535.00$7,878.00Indiana$116,435.00$9,703.00
lowa$100,375.00$8,365.00lowa$107,675.00$8,973.00
Kansas$89,790.00$7,483.00Kansas$95,995.00$8,000.00
Kentucky$93,258.00$7,771.00Kentucky$106,945.00$8,912.00
Louisiana$82,855.00$6,905.00Louisiana$89,790.00$7,483.00
Maine$146,365.00$12,197.00Maine$157,863.00$13,155.00
Maryland$138,153.00$11,513.00Maryland$154,030.00$12,863.00
Massachusetts$164,250.00$13,688.00Massachusetts$175,200.00$14,600.00
Michigan$126,838.00$10,570.00Michigan$137,605.00$11,467.00
Minnesota$123,370.00$10,281.00Minnesota$153,665.00$12,805.00
Mississippi$102,200.00$8,517.00Mississippi$105,120.00$8,760.00
Missouri$71,175.00$5,931.00Missouri$78,475.00$6,540.00
Montana$98,185.00$8,182.00Montana$101,470.00$8,456.00
Nebraska$91,250.00$7,604.00Nebraska$97,090.00$8,091.00
Nevada$122,458.00$10,205.00Nevada$148,738.00$12,395.00
New Hampshire$143,810.00$11,984.00New Hampshire$155,125.00$12,927.00
New Jersey$139,430.00$11,619.00New Jersey$152,388.00$12,699.00
New Mexico$105,120.00$8,760.00New Mexico$120,085.00$10,007.00
New York$167,718.00$13,976.00New York$177,755.00$14,813.00
North Carolina$100,375.00$8,365.00North Carolina$109,500.00$9,125.00
North Dakota$94,900.00$7,908.00North Dakota$103,113.00$8,593.00
Ohio$100,375.00$8,365.00Ohio$114,245.00$9,520.00
Oklahoma$71,175.00$5,931.00Oklahoma$82,125.00$6,844.00
Oregon$175,018.00$14,585.00Oregon$182,500.00$15,208.00
Pennsylvania$129,210.00$10,768.00Pennsylvania$138,700.00$11,558.00
Rhode Island$146,000.00$12,167.00Rhode Island$162,425.00$13,535.00
South Carolina$104,025.00$8,669.00South Carolina$112,420.00$9,368.00
South Dakota$102,930.00$8,578.00South Dakota$106,945.00$8,912.00
Tennessee$103,843.00$8,654.00Tennessee$111,325.00$9,277.00
Texas$63,875.00$5,323.00Texas$80,300.00$6,692.00
Utah$91,250.00$7,604.00Utah$121,363.00$10,114.00
Vermont$158,775.00$13,231.00Vermont$169,725.00$14,144.00
Virginia$110,960.00$9,247.00Virginia$122,275.00$10,190.00
Washington$146,000.00$12,167.00Washington$164,250.00$13,688.00
West Virginia$139,430.00$11,619.00West Virginia$143,445.00$11,954.00
Wisconsin$123,005.00$10,250.00Wisconsin$122,275.00$10,190.00
Wyoming$91,250.00$7,604.00Wyoming$113,150.00$9,429.00

5. How to Use This Data for Retirement Planning

Here’s how you can leverage this information:

  • Research local resources: Identify Medicaid-accepting communities and their bed availability in your desired location.
  • Plan for affordability: Compare starting costs for senior living in different states to find regions that align with your budget.
  • Anticipate demand: If you’re considering high-occupancy states, begin the application process early to ensure availability.

Data-Driven Solutions for Retirement Success

While $45,000 in retirement savings might feel like a roadblock, understanding these data points can open doors to viable options. Whether it’s leveraging Medicaid, choosing a region with affordable starting prices, or planning for high-demand areas, data equips you to navigate your retirement journey with confidence.

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