Assisted Living Communities in Plano, Texas

While assisted living services in Plano are somewhat higher than the state average of $3,998, they’re lower than the national monthly rate of $4,500. Rates in Austin are much higher with an average of $5,345, while monthly fees in McAllen are $4,850. Less expensive options can be found in Sherman, where assisted living costs $3,500, and in Waco, where seniors pay an average of $2,800 per month.

When trying to decide how to pay for assisted living, one of the first questions that comes up is "How much does it cost?" With the impact of inflation, it's more important than ever to have up-to-date information when making a financial plan for senior living. To help shed light on real senior living prices, Caring.com has compiled proprietary cost data from its network of more than 75,000 senior living providers to provide insight into the average cost of assisted living in Plano and 134 other cities in Texas.

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 Texas page.

Costs will typically vary depending on the type of care a senior needs. Factors such as the amenities available, type of accommodations and scope of care services provided all contribute to the total cost. That's why independent living is often the least expensive option ($2,877). Assisted living is about $400 more expensive at $3,267. Memory care costs are about 11% higher than those for assisted living, as care is more specialized.

Texas Health and Human Services governs assisted living facilities in Plano and throughout the state. It protects seniors residing in assisted living communities by checking the facilities to ensure they comply with state and federal laws.

• Residents of Plano enjoy 229 days of sun each year. Summer temperatures reach 94 degrees in July. Despite above-average rainfall and temperatures as low as 33 degrees in winter, assisted living facilities offer a range of indoor activities. Below-average snowfall ensures a safe and uninterrupted journey for visiting families.
• Based on a national average of 100, Plano’s cost of living index is 109.3. The city’s housing costs, which are over 40% higher than the national average, account for the largest part of the price difference. Plano is an affluent city, yet seniors living there still enjoy slightly lower-than-average health care costs, and they benefit from significantly lower transportation costs.
• Plano is considered safe in comparison to many other cities. On a scale ranking crime from 1 to 100, with 100 being the worst, the city’s property crime rate is 29.6, compared to the national average of 35.4. It performs even better when it comes to violent crimes: The city’s rating of 13.0 is much lower than the 22.7 national average.
• Tax regulations in Texas mean seniors living in Plano face both advantages and disadvantages. The downside is that the state has some of the highest sales taxes in the country. However, since Texas has no state income tax, seniors don’t pay tax on any Social Security retirement benefits or other retirement income.
• Seniors can quickly get around the city using DART. With an online trip planner, they can schedule personalized trips and find the closest DART stop. Seniors over 65 and people with disabilities can use the rider assistance program to travel by bus, train or car.
• Residents of Plano have access to world-class health care facilities, such as the Baylor Scott & White Heart and Vascular Hospital, north Texas’ only stand-alone cardiovascular hospital and a cutting-edge institute with over 45 years of experience.