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An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary.
Modern senior living communities have evolved to meet the changing needs of American seniors. ... 1. “80 is the new 65” ... the average age of seniors A Place for Mom referred to senior living ...
Independent senior living communities commonly provide apartments, but some also offer cottages, condominiums, and single-family homes. Residents include seniors who do not require assistance with daily activities or 24/7 skilled nursing, but may benefit from convenient services, senior-friendly surroundings, and increased social opportunities ...
However, if the number of people age 55+ in a given community falls below the 80 percent threshold, the community could lose its age-restricted status (and loss of such status would be permanent). Most 55+ age-restricted active adult communities will place an age-minimum on the residents.
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
Assisted living costs $4,200/month, based on Caring.com's proprietary senior living cost data. This amount covers the resident's apartment, meals, Wi-Fi, cable, housekeeping, and laundry services.
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