Understanding the Cost of Assisted Living and Memory Care in Plano, Texas

Though it’s just 20 miles north of Dallas, Plano, TX is a destination in its own right. It has everything older adults need for rewarding lifestyles, like historic charm, natural beauty, world-class shopping, and exceptional senior living communities like Prestonwood Court. And when families and individuals seek this kind of quality care and support, the financial aspect is always a deciding factor. Below, we’ll discuss Plano, Texas’s cost of living and what factors contribute to the costs of assisted living and memory care communities in this area.

Prestonwood Court | Seniors celebrating at dinner
These Prestonwood Court ladies recently enjoyed a celebratory lunch.

The Cost of Assisted Living in Plano, Texas

Prospective residents and their loved ones might start researching senior communities and be surprised when they first see the expenses. However, bear in mind that the fees are not just for food and shelter. Assisted living costs typically cover a range of amenities and services, from personalized care plans to engaging lifestyle programs, creating a supportive environment for seniors.

What is the cost of living in Plano, Texas? Being close to Dallas, it is not in the same category as some of the state’s smaller cities. According to the Plano Chamber of Commerce, this appealing city has a diverse population, an excellent academic environment, outstanding amenities, and peaceful suburban neighborhoods. It has a thriving economy with many services and conveniences, making it highly desirable for people of all ages.

Monthly Assisted Living Costs in Plano

Assisted living costs in Plano vary depending on the level of care and the amenities each community offers. Genworth reports that the average monthly cost of assisted living in Plano was $4,195 in 2023. In-home care with a home health aide averaged $4,862, and semi-private rooms in nursing homes were $5,627. Older adults’ most common payment sources were long-term care insurance, private funds, and Veterans Aid & Attendance (A&A) benefits.

Memory care is typically more expensive than assisted living because the caregiving team requires more training; there are added security measures as well. In general, these costs can be 20-30 percent higher.

Breaking Down the Cost of Assisted Living

Besides the community’s location, the level of care directly influences the costs. Tailoring services to meet the unique needs of residents involves dedicated team members, specialized medical care, and personalized attention, all contributing to the overall cost structure. Amenities and the quality of living spaces further influence pricing as residents seek environments that meet their physical needs and promote a sense of security and community.

Prestonwood Court provides these services and amenities for residents:

  • Studio and one-bedroom apartments
  • Medication administration
  • Activities of daily living (ADL) support
  • Telehealth visits and on-site therapy
  • Chef-prepared meals
  • On-site fitness center, salon, religious services, and theater
  • Indoor pool
  • Housekeeping and linen service
  • Scheduled transportation

Our residents also enjoy engaging lifestyle programs and events. You can find monthly calendars in our assisted living and memory care newsletters and see how much fun our residents have been having by visiting our Facebook page.

Are Texas assisted living communities regulated?

The Texas Health and Human Services website shows that the state’s assisted living communities fall into two main categories:

  • Type A: For residents who don’t need routine attendance throughout the night and can follow directions in case of an emergency
  • Type B: For residents who need nighttime attendance and caregiver assistance to evacuate in case of an emergency

Both types of communities must provide housing and a minimum of three daily meals planned in advance. The scope of care must also include, but is not limited to:

  • Personal care services
  • Medication administration
  • A comprehensive care plan, updated annually
  • Having an adequate number of on-site caregivers
  • Caregivers must be trained, certified, and pass background checks

Assisted Living: Helpful Resources

Moving into assisted living or memory care is a major decision, and there are many places to turn to for information about paying for senior living communities and other topics:

The Decision-Making Process

Choosing the right assisted living community in Plano is a significant decision that requires careful consideration. Families should compare the:

  • Financial aspects
  • Quality of care
  • Amenities
  • Overall community atmosphere

Remember, the cost of assisted living in Plano is an investment in the well-being and comfort of your loved ones. By understanding what influences expenses and considering the broader cost of living in Plano, you can make an informed decision that aligns with your financial goals and ensures a high standard of care.

Learn More About Prestonwood Court in Beautiful Plano, Texas

If you’re seeking an exceptional assisted living experience in Plano, Texas, we invite you to explore Prestonwood Court. Our core values are Commitment, Communication, Empowerment, Teamwork, Excellence, and Fun. We prioritize the well-being of residents through personalized care plans and a warm, inviting atmosphere.

Contact us today for more information and to schedule a tour.

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