The average cost for housing in a 55+ community varies widely by location and amenities, with most retirees spending a total of $1,500 to over $4,000 per month for independent living options. [1, 2]
This cost can be broken down in two main ways:
Monthly Rental/Fee-Based Communities • Seniors-only apartments typically have a median cost of around $1,475 per month.
• Independent living communities, which usually include amenities and services like meals, housekeeping, transportation, and activities, have a national median cost of approximately $3,145 per month in 2025, but prices can range from less than $2,000 to over $5,000 depending on the state. [3, 4, 5]
Home Purchase • For those purchasing a home in a 55+ community, the cost is similar to buying a home in any other market, with the average monthly mortgage payment in the U.S. being around $2,207 in 2025.
• Purchasing usually involves additional Homeowner's Association (HOA) fees that cover community maintenance and amenities.
• Some communities, particularly Continuing Care Retirement Communities (CCRCs), also require a significant entrance fee, which can range from $50,000 to over $500,000, in addition to monthly fees. [5]
Key Factors Affecting Price • Location: High cost-of-living areas like California or New York are more expensive, while the Midwest or Southern states like Mississippi or Florida often offer more affordable options.
• Amenities: Features such as a golf course, swimming pool, fitness center, and included meal plans can increase the price.
• Services: The level of care provided (e.g., independent living vs. assisted living or skilled nursing) is a major cost determinant. [6, 7, 8, 9, 10]
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Henry McClure
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