According to Genworth Financials' 2021 Cost of Care Survey, the average cost of Home Care in Commerce is $4,150 per month, which is similar to the Texas average of $3,740. And as compared to the national monthly average of $4,000, Commerce Assisted Living cost is almost similar.
Home Care rates in Commerce and the surrounding suburbs depend on multiple factors, including location, level of care, apartment size, and amenities offered in each community.
The nearest city to Commerce in terms of distance is Campbell, where Home Care costs around $0 per month, The cost is $NaN lower than the monthly median Home Care in Commerce.The highest monthly price difference is with Wolfe City, where the average independent living cost is $NaN lower than that in Commerce. Seniors in Greenville pay an average of $0 per month, which is $NaN lower than per month what their peers pay in Commerce.
Apart from assisted living, seniors have multiple care options in Commerce. The senior living you need depends on your required care level and medical conditions. For instance, if you require 24/7 medical supervision, a nursing home in Commerce could be the better choice than Commerce assisted living care.
Assisted living communities in Commerce are designed for seniors who need assistance with ADLs and IADLs. And independent living is for active older adults who can live independently. Thus, assisted living costs are higher than independent living in Commerce and lower than more intense medical care options through Commerce nursing home and memory care facilities in Commerce.
Senior living options with different levels of care available in Commerce are:
Assisted Living: Assisted living communities in Commerce offer services that help seniors to receive assistance with ADLs & IADLs daily meal services, and recreational opportunities with other seniors in a community.
Independent Living: Independent living is for active older adults who want to downsize to a home in a retirement community but don't need help to live completely alone.
Nursing Home: Seniors who require specialized care and 24/7 supervision should look for nursing homes.
Memory Care: These communities are for seniors struggling with Alzheimer's or other advanced forms of dementia.
Home Care: Caregivers provide services to older adults in their home to provide primary healthcare, meal delivery services, meal preparation, and transportation to and from appointments.
Continuing Care Retirement Communities (CCRC): A CCRC accommodates Assisted living, Independent living, and Nursing Home care. This means that you can live out the rest of your life in the same setting with on-site medical care.
The median home cost in Commerce comes at $179,500. This brings Commerce housing index to 37.1, which is lower than the Texas housing index of 84.3. The overall cost of living index in Commerce is 79.9 that is lower than the national average of 100 and lower than the state average of 93.9.
The population of Commerce is 9,700. The median age in the city is 24.8, and about 11% of its population is age 65 or older.
Commerce is quite diverse, with white, black, and Hispanic/Latino being the three most common ethnicities in the city, about 53% of residents identify as white alone.
The violent crime rate of 18.4 in Commerce is lower than the national average of 22.7. And the property crime rate of 34.8 seems lower than the national rate of 35.4.
Seasonal Temperatures: Commerce has a typical summer high of 93°F and a winter low of 32°F. And the yearly rainfall here is about 45 inches, while the snowfall is around 1 inch(es) on average.
Air Quality: The Average air quality index rating is usually 56, which is lower than the national average of 58.The index rating at or below 100 is considered satisfactory.
The health index of 101.5 indicates resourceful quality of healthcare services available for seniors, This index is higher than the state average of 95.4. The Commerce hospitals cater their services to meet treatment requirements of seniors and people of all ages. Therefore, you can rest assured of getting the best possible care in Commerce for any common or chronic health condition.
Different financial assistance options are available for seniors to pay the cost of Assisted living in Commerce. In addition to government programs, the Commerce area agencies and non-profit organizations provide helping hands towards better senior living in Commerce, TX.
Private Pay: Private pay is the safest way to pay for Assisted Living in Commerce. This is because you pay out-of-pocket for the low-income assisted living near you. Still, it might not be the easiest option for most seniors. In that case, you can use a combination of the following options.
Reverse mortgage: A reverse mortgage is a loan. An elderly homeowner with significant home equity can borrow against the value of their property and receive funds. The money can come in the form of a fixed monthly amount, a lump sum amount, or a credit line.
Medicaid and Medicare benefits: Every state has its own Medicaid program to help low-income residents with healthcare-related costs. In addition to medical care expenses, Medicaid covers certain long-term care costs for eligible seniors. However, you will need to meet the state-specific requirements to be approved for the Medicaid benefits in Commerce. To pay for assisted living in Texas, the state mainly uses HCBS Waivers (Home and Community Based Services). But this waiver does not finance the room and board costs in assisted living.
On the other hand, Medicare doesn't pay the cost of ADLs assistance for assisted living residents. Nevertheless, seniors can use Medicare benefits to pay for approved medical care needs in assisted living communities in Commerce.
Veteran benefits: The VA’s (Veteran Administration) Aid & Assistance program in Commerce, Texas pays monthly pensions to eligible veterans and their spouses to help with assisted living payments. Veterans can also use their other benefits to pay for assisted living costs in Commerce.
For more information about different ways to finance assisted living, visit our Assisted Living Texas page.
Commerce Home Care communities need to follow a comprehensive set of rules and regulations designed by Texas. These regulations ensure that the facilities maintain top-level and secure care services for seniors. For instance, the Home Care care facilities in Commerce go through extensive training and education for the caregivers. This enables caregivers to be skilled and professional while helping seniors with their daily needs. Visit our Texas Home Care page to find more information on the state-specific rules and regulations.
Several government and non-profit agencies work together in Commerce to provide seniors with more services. These services help seniors lead a better life in Commerce. Depending on the Commerce resources, they can include free meal delivery services, utility billing programs, medical programs, and others. Find out the available free resources for seniors from the Home Care Texas Page.
BoomersHub can change without notice any of its compiled cost data provided by senior living communities. This data is used for informational purposes only and may have inaccuracies. In addition, actual independent living costs may vary depending on personal choices and situations.