Memory Care Communities in Minneapolis, Minnesota

Minneapolis is on a par with other cities in Minnesota, such as Bloomington and Plymouth at a monthly average of $6,454. However, it’s somewhat higher than the state average of $5,635, which is only $10 more than the national average of $5,625. Duluth, with an average cost of $6,250, and Rochester, with a cost of $5,225, are two of the less expensive cities close to Minneapolis.

When trying to decide how to pay for memory care, 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 memory care in Minneapolis and 27 other cities in Minnesota.

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 Minnesota page.

The cost of senior living in Minneapolis is dependent upon the level of care provided, as well as factors including amenities. Independent living tends to be more affordable because it doesn't typically include supportive services, averaging $2,633 monthly. Assisted living communities typically provide assistance with daily tasks and care around the clock, averaging $4,245 monthly. The additional dementia care and supportive services make memory care more expensive at an average of $4,670.

Memory care facilities in Minneapolis are licensed and regulated by the Minnesota Department of Health. The governing body licenses memory care facilities across the state. It conducts unannounced inspections to ensure all facilities meet state regulations, as well as surveys and complaints.

• The city enjoys a comfortable year-round climate, making it ideal for seniors. May through September sees temperatures range from 70 to 84 degrees Fahrenheit. On average, Minneapolis enjoys 198 days of sunshine each year. Average winter temperatures are around 7 degrees Fahrenheit and snowfall is above the national average, with 52 inches falling each year, offering picturesque views of snow-capped vistas. 
• The cost of living in Minneapolis is 5% higher than the national average, although residents of the city pay nearly 10% less for their utility bills. In addition, to offset some of the higher costs and ensure a comfortable retirement, seniors may be eligible for financial assistance.
• Minneapolis provides world-class medical facilities in emergencies, including the critically acclaimed Mayo Clinic. In addition, there’s also the Abbott Northwestern Hospital and the Hennepin Healthcare East Lake Clinic.
• Minneapolis’s crime statistics show it’s only safer than 2% of other U.S. cities. However, as memory care communities have 24-hour staffing and most use video surveillance and anti-wandering systems, seniors have very little to worry about.
• Seniors over age 65 can enjoy reduced travel costs in and around Minneapolis with Metro Transit. For those who can’t use regular fixed buses because of a disability or health condition or require transport to medical appointments, Twin Cities Area Senior Trans and Rides can assist.
• Since 2015, Minneapolis has been a member of the AARP Network of the Age-Friendly States and Communities and began developing an action plan to provide new housing, expand transportation options and improve health and community services.