Memory Care Communities in Carmel, Indiana

In Carmel, seniors typically pay $5,598 per month for memory care. This rate is $244 higher than Indiana’s statewide average of $5,354 yet $27 below the national average of $5,625. In other cities across the Hoosier State, memory care facilities charge anywhere from $4,063 (Kokomo) to $6,569 (Lafayette) per month. Evansville at $5,486 is roughly on par with Carmel, charging $112 less per month. Fort Wayne, at $4,323, averages $1,275 less than Carmel.

Assisted living facilities provide memory care as an add-on service, typically charging a premium of 20-30% compared to base assisted living rates. Due to a lack of authoritative resources on memory care costs, we estimated the following memory care costs by raising the assisted living rates on Genworth’s 2021 Cost of Care Survey by 25%.

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 Indiana page.

Adult day care costs just $1,625 per month in Carmel. Despite offering clinical services, something home care ($5,053) doesn’t provide, home health care ($4,957) costs $56 less. Nursing home care ranges anywhere between $7,057 for semiprivate and $8,973 for private accommodations.

The Family and Social Services Administration regulates and licenses memory care facilities in the Hoosier State. The Indiana Division of Aging, a subagency of the Indiana State Department of Health’s Family and Social Services Administration, accepts and investigates long-term care facility complaints and empowers seniors by building programs that provide information, resource access and senior care options for Indiana’s seniors.

• Carmel has very low crime rates, making the city a safe retirement destination for seniors. Ranking crime on a scale of 1 to 100, where lower scores mean less crime, Carmel receives a violent crime rating of 7.1, less than a third of the national average (22.7). Carmel’s property crime levels are also low, being assessed at a score of 18, nearly half the U.S. average (35.4).
• Seniors thinking about moving to Carmel should be prepared to spend more money on living expenses thanks to Carmel’s above-average cost of living. Carmel’s overall cost of living is 13.9% higher than the U.S. average and 32% higher than Indiana’s statewide average. Fortunately, the city’s health care costs are 14.3% below the national average.
• Carmel is just 16 miles north of Indianapolis, which is home to three of the top five hospitals in Indiana according to U.S. News & World Report, including the top-ranked Indiana University Health Medical Center, which is nationally ranked in two specialties and nine children’s specialties. Carmel has four hospitals of its own and 421 physicians per 100,000 residents, a substantially higher number of physicians per capita than the national average (210 per 100,000).
• In an assessment of 581 U.S. cities’ suitableness for military retirees, Military Times gave first place to Carmel. The city also earned the No. 3 spot on Money’s Best Places to Live in America list.
• Seniors who enjoy watching sports will likely appreciate living in Carmel thanks to its close proximity to Indianapolis, which is home to nearly a dozen professional sports teams, including an NFL, NBA and WNBA team. Indianapolis is also home to Butler University, whose Butler Bulldogs are a perennial contender in NCAA Division I men’s basketball.