Memory Care Communities in Minnetonka, Minnesota

Memory Care costs in Minnetonka start around $7,886 per month on average, while the nationwide average cost of memory care is $5,743 per month.

It’s important to note that memory care rates in Minnetonka 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 Minnesota page.

Minnetonka, Minnesota, is a classic Midwestern city near Canada and Lake Superior. While cold winters and higher than average annual snowfall means a smaller senior population than places like Florida, there are still 94,000 seniors in the state living with a memory-related illness like Alzheimer's disease and other types of dementia. Out of Minnetonka's population of 53,085, about 20 percent are 65 years old or older and some are in need of memory care. Assisted living facilities with Special Care Unit ensure these seniors are cared for properly, and there are 23 facilities in the area that offer memory care administered by trained professional staff.

• The Minnetonka area is home to world-class medical facilities, including those specializing in brain health and dementia care, such as Methodist Hospital, in the event of medical emergencies or illness.
  
• Seniors who live on a tight budget may consider Minnesota’s high tax rate of 5.35 to 9.85 percent to be a potential concern. In fact, Minnesota tops the list of least tax-friendly states in the nation, and there is a partial tax on social security income.
  
• Living in Minnetonka might be more expensive than other places in Minnesota. The cost of living there is about 28 percent higher than the national average and 22 percent more expensive than average for the state. Loved ones looking to find a home for a senior in this city should consider how this, and that state's tax rate, could impact their budget.
  
• Fortunately, crime is not a big concern in Minnetonka. Crimes such as burglary and vehicle theft are rated at 28.4 out of 100 (1 being safest), which is substantially lower than the national average. Violent crime is lower too, with a rating of 22.7 compared to the country's 31.1 average. Families of seniors in this city might take comfort in knowing their loved ones are safe and secure.