Since people living in independent living facilities do not require senior care, these communities are typically more affordable. However, your stay in an independent living community may not be covered by Medicare or Medicaid.

On the other hand, assisted living cost depends on the level of care you might need, so the price expands upon these more extensive services and tends to be more costly than independent living or home care.

Nevertheless, living in a senior living facility can cost you anywhere between $1,500 to $4,000 a month (up to $133 per day) for an independent living facility and from $3,500 to $10,500 in an assisted living community.