Assisted Living in California
Compared to other states across the nation, California typically has a higher cost of living. Assisted living costs are around $5,250 per month. However, many cities within the state have low healthcare and assisted living costs and a lower cost of living, including Fresno. As far as yearly income taxes go within the state, Social Security income isn’t taxed, but other withdrawals from retirement accounts are fully taxed, and additional wages are taxed as well.
To pay for assisted living, seniors typically use Medicare, Medicaid, long-term care insurance or personal income and retirement. Personal options such as annuities, reverse mortgages and some loan types may be used, and veterans may use military benefits.
This guide covers the cost of assisted living in across the state and provides an overview of other types of long-term care. It also includes a list of resources for seniors.
According to SeniorHousingNet.com.
Senior Homes in California
The Golden State of California is the most populated state in the country and home to eight of the nation’s 50 most populous cities. California’s most notable attractions include the expansive Golden Gate Bridge, the mysterious and mystic Redwood National Forest and beautiful coastal waters, which offer residents breathtaking, year-round sunsets over the Pacific Ocean.
Seniors who choose assisted living in California will find themselves in good company as part of one of the fastest growing states in the nation, projecting over 150% growth for the elderly age group by 2020.
According to seniorhomes.com.
Dessy Gueorguieva
CalRE #01301988
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