Retirement Living Communities

What are Retirement Communities?

Retirement communities are groups of homes or condominiums that are restricted to seniors age 55 and over (or in some cases, 62+). Retirement communities may be:

• Single-family or attached homes
• Mobile or manufactured homes
• Cluster housing
• Standard subdivisions

Retirement communities are usually managed by a private firm who provides hospitality services such as dining, housekeeping, wellness programs and cultural activities. Some communities even have their own restaurants, salons, chapels and libraries on-site for the convenience and enjoyment of their residents. A variety of social and recreational programs are usually offered with opportunities to volunteer, garden, play games or simply interact with a vibrant community of seniors.

Senior Retirement Communities Cost

The highest cost Independent Living facilities are planned retirement communities that require buying a home or living unit. The cost of a home is indexed to the cost of other luxury housing in your geographic area. In addition, the shared amenities of the retirement community are figured into a monthly fee of $1000 to $3000. This fee covers taxes, common utilities, and community services.