Memory Care Communities in Steamboat Springs, Colorado

Memory Care costs in Steamboat Springs start around $5,750 per month on average, while the nationwide average cost of memory care is $5,694 per month.

It’s important to note that memory care rates in Steamboat Springs and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.

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

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

For more information about different ways to finance memory care, visit our Memory Care in Colorado page.

The state of Colorado is home to around 71,000 people who have been diagnosed with Alzheimer's disease. In Steamboat Springs, where over 10 percent of the city's 12,000 residents are aged 65 and over, there is one memory care facility that offers support to people living with the condition and other forms of dementia.

In Colorado, assisted living facilities that offer dementia care are monitored by the Department of Public Health and Environment. They have specially trained staff along with secured buildings and outside areas for residents. 

• The Steamboat Springs area is home to world-class medical facilities, such as UCHealth Yampa Valley Medical Center, in the event of medical emergencies or illness. The closest hospital specializing in brain health and dementia care is in Denver.
  
• Retirement income from Social Security, pensions and retirement funds are subject to tax in Colorado. Taxpayers are eligible for a deduction when they reach 55 years old and the deduction amount increases when they turn 65. Although state sales tax is high, prescription medicines are exempt, which may help Steamboat Spring seniors and their families put money aside for memory care.
• Steamboat Springs is a ski resort town that gets 175 inches of snow each year; almost 150 inches more than the national average. The average low temperature in January is just 5 degrees Fahrenheit. When touring memory care facilities, families may wish to ask about measures to keep residents safe and comfortable during extreme-cold weather events.
• The cost of living in Steamboat Springs is 147 on the Sperling index; 47 points higher than the U.S. average. This high cost of living is mainly due to the price of housing. Healthcare expenses are more affordable, and Sperling rates them at 91; nine points lower than the national average. This may help families of seniors save even more money for memory care expenses.