Assisted Living Communities in Wallace, North Carolina

In Wallace, assisted living facilities rates are $5,254 for monthly services, which is considerably higher than the respective state and national averages of $4,010 and $4,500. The only surveyed city in North Carolina with more expensive assisted living rates is Raleigh, where seniors pay $5,338. In Goldsboro, care costs are $2,500 lower than in Wallace at $2,700 per month. In Jacksonville, seniors pay $3,600, and in Asheville, rates are closer to Wallace’s median at $4,998.  

Seniors in Wallace pay an estimated $5,254 per month for assisted living, though care costs may be higher or lower depending on a facility’s size, amenities and location.  

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 North Carolina page.

The cheapest long-term care option in Wallace is an adult day care facility, which costs $1,289 monthly. This is approximately $4,000 less than assisted living, which costs $5,254. Seniors who arrange home-based care pay $4,576 for in-home care and $4,767 for home health care. Assisted living is a cost-effective alternative to nursing home placement, which costs $6,844 for shared rooms and $7,148 for private rooms.

Assisted living facilities in Wallace, as well as in the rest of North Carolina, comply with guidelines set by the NC Department of Health and Human Services, Division of Health Service Regulation. This department is responsible for licensing assisted living facilities and conducting regular inspections to ensure residents’ safe, clean environment. It also publishes information on reporting abuse. 

• Wallace’s low cost of living may make it a good retirement option for seniors with limited incomes. On a 100-point index, overall living expenses in this city are about 20% below the national median and 10% below the state median.
• Seniors in Wallace don’t pay state income taxes on their Social Security benefits, but all other retirement income is fully taxed. This may impact how much seniors can pay for long-term care costs. 
• Property crime is more prevalent in Wallace than in the typical U.S. city, but violent crime is relatively rare. The city rates 65.7 for property crime and 17.4 for violent crime on a 100-point index, compared to national respective scores of 35.4 and 22.7. Assisted living may be a good alternative to living alone for older adults concerned about the frequency of property crime in this region. 
• Wallace has generally warm weather throughout the year, which may appeal to retirees who enjoy outdoor activities. Summers are very warm with July daytime temperatures around 90 degrees, and humidity levels tend to be high. Winters are mild with high temperatures in the mid-50s, and the city gets about an inch of annual snowfall. 
• Health care options in Wallace are limited, which may be a consideration for older adults, especially those managing ongoing conditions. The city has approximately 42 doctors per capita compared to the national average of 210. The closest major hospital is Vidant Duplin Hospital, which is situated about 20 miles away in Kenansville. 
• Wallace’s air quality is good and may be beneficial to older adults with conditions such as COPD, asthma or heart disease. On a 100-point index, the city’s air quality is rated 73, which is considerably higher than the national average of 58.