Memory Care Communities in Danvers, Massachusetts

Seniors in Danvers pay $8,524 per month for memory care services. This is about $400 higher than the statewide rate ($8,125) and nearly $3,000 higher than the national median ($5,625). In Worcester, seniors pay $7,106, and in Springfield, monthly fees average $6,310. Pittsfield has the lowest rates statewide at $2,605.  

In Danvers, seniors obtain memory care services in assisted living facilities. While memory care units provide standard assisted living services, they also offer dementia-specific programming and meet additional requirements for staffing and safety. As a result, care costs are typically 20-30% more for memory care. No authoritative data sources are available, so we calculated memory care costs by increasing the assisted living rates in 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 Massachusetts page.

Older adults in Danvers have several care options to choose from. Adult day health care is the cheapest option at $1,614. Seniors can expect to pay $6,292 for home care and $6,244 for home health care. Standard assisted living averages $6,819, while memory care costs $8,524. Nursing home care is the most expensive option at $13,155 for shared rooms and $14,402 for private accommodations.  

In Danvers, memory care facilities comply with regulations set by the Massachusetts’ Executive Office of Elder Affairs. This department ensures high-quality care through an initial licensing process as well as scheduled and unannounced inspections.

• Danvers is a relatively expensive place to live, even compared to Massachusetts as a whole. On a 100-point cost of living index based on national data, Danvers is rated 132.8 versus the state score of 127.2. Eligible individuals may qualify for public benefits such as Supplemental Security Income and Social Security Disability Insurance, which may help them afford residential memory care services in the town. 
• Crime, particularly violent crime, is somewhat uncommon in Danvers. On an index that rates crime frequency on a scale of one to 100, Danvers’ violent crime rate is 11.2 and the property crime rate is 35.1 versus respective national scores of 22.7 and 35.4. This may provide peace of mind to those transitioning loved ones to memory care in the area.
• Danvers has a generally mild climate year-round, which may appeal to those who enjoy therapeutic outdoor activities such as birdwatching and gardening. Daytime high temperatures range from 36 degrees in the winter to 81 during the warmest part of the summer, and the town sees 47 inches of rain and 42 inches of snowfall on average each year.  
• Health care costs in Danvers come in about 15% below the national median, which may make care for chronic conditions such as dementia more affordable. While there are no hospitals in the town itself, residents have access to 10 hospitals within a 15-mile radius. North Shore Medical Center and Beverly Hospital are the closest facilities.  
• Seniors in Danvers pay state income tax on most types of retirement income, with the exception being Social Security benefits, and Massachusetts has one of the lowest estate tax exemptions in the nation. Local resources such as the Area Agency on Aging can help seniors connect with financial and legal advisors who can provide assistance with accessing exemptions to make the most of their retirement income.