Cost of care
What senior care costs in the Twin Cities
Get a realistic monthly range by care type, then talk to an advisor for a personalized estimate and a plain-English plan for paying for it.
Estimate your monthly cost
Typical monthly range
$4,750 – $6,800
Median around $5,800 / month
Costs vary a lot by area and by how much care someone needs. Most communities charge a base rent plus a care fee.
Every family’s situation is different. Get a personalized estimate and a plan for paying for it, at no cost.
Talk to an advisorBy care type
Typical monthly costs in Minnesota
Assisted Living
$4,750–$6,800
per month (typical range)
Memory Care
$6,150–$8,850
per month (typical range)
Independent Living
$2,800–$4,000
per month (typical range)
Nursing Homes
$8,250–$11,850
per month (typical range)
Home Care
$5,100–$7,300
per month (typical range)
Board & Care Homes
$4,000–$5,700
per month (typical range)
Senior Apartments
$1,350–$2,000
per month (typical range)
Continuing Care Retirement Communities
$3,600–$5,250
per month (typical range)
Ranges are planning estimates for the Twin Cities metro and vary by community and care level. Verified with your advisor before you tour.
Paying for care
Ways families pay for senior care
Most families combine several of these. An advisor can help you build a realistic plan, at no cost.
Private pay
Savings, income, and help from family. This is the most common way families pay for assisted living, and communities often offer move-in incentives.
Long-term care insurance
Policies typically reimburse a daily benefit for assisted living, memory care, and home care. We help families understand elimination periods and claim paperwork.
VA Aid & Attendance
Wartime veterans and surviving spouses may qualify for a monthly pension supplement that can add meaningful support toward care costs.
Medicaid waivers
Some states offer waiver programs that help eligible seniors pay for assisted living or home care. Availability and waitlists vary significantly by state.
Home equity
Proceeds from selling a home, a HELOC, or a bridge loan are often part of the plan. We can point you to trustworthy resources, and we never sell financial products ourselves.
Questions
Paying for care, answered
Does Medicare pay for assisted living or memory care?
No. Medicare does not cover the room-and-board cost of assisted living or memory care. It may cover short-term skilled nursing rehab after a qualifying hospital stay. Long-term care is paid privately, through long-term care insurance, VA benefits, or Medicaid programs for those who qualify.
What is Minnesota's Elderly Waiver?
The Elderly Waiver (EW) is a Minnesota Medicaid program that helps pay for services in assisted living and at home for people who qualify financially and need a nursing-home level of care. Eligibility and availability vary, and an advisor can help you understand whether it applies.
How can I pay for care while selling a home?
Families often use bridge loans, a line of credit, or long-term care insurance to cover costs while a home sells. We can point you to trustworthy resources, and we never sell financial products or take a cut.