Assisted Living Communities in Elk River, Minnesota

The median monthly price for assisted living in Elk River is $663 higher than the nation’s average cost and $655 higher than the state’s. In fact, Elk River is the priciest location for assisted living care in Minnesota. On the other hand, Mankato has the most inexpensive fees of $3,135, which are 39.3% lower than in Elk River. Rates in Duluth run $163 lower than in Elk River, while Rochester and St. Cloud offer more substantial monthly savings of $983 and $1,063, respectively, compared to Elk River.  

 

Assisted living fees average $5,163 monthly in Elk River.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Minnesota page.

In Elk River, the costliest senior care option is nursing home care, exceeding double the monthly price of assisted living. This 126.8% price increase reflects the higher level of medical and therapeutic services provided in nursing facilities. The most economical choice is adult day health care, 59.3% less expensive than assisted living, focusing on social programming and daytime care. Both in-home and home health care have an average monthly cost of $7,055, which is $1,892 more than assisted living. In-home care offers nonmedical assistance with daily activities, while home health care includes intermittent skilled services.