Memory Care Communities in Prior Lake, Minnesota

Memory Care costs in Prior Lake start around $6,975 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 Prior Lake 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.

Located just south of Minneapolis, Prior Lake is home to approximately 3,100 seniors, some of whom have been diagnosed with Alzheimer’s disease or some form of dementia. The state has 94,000 individuals who have a cognitive impairment. For those who need personal care in a secure environment, two memory care facilities are located within the city limits, and 44 are in nearby places like Burnsville and Lakeville.

Regulated by the Department of Human Services, programs in assisted living facilities (ALFs) that provide a secure and separate care for those with a probable diagnosis of Alzheimer’s are known as special care units (SCUs).

• Prior Lake is home to world-class medical facilities, including those specializing in brain health and dementia care such as the Park Nicollet Clinic, the Fairview Clinic and the St. Francis Regional Medical Center, in the event of medical emergencies or illness.
• The state of Minnesota taxes Social Security and all forms of retirement income. This leaves less money at the end of the year for families caring for seniors who are in memory care facilities in Prior Lake.
• The cost of living in Prior Lake is 126.7, which is higher than the national average of 100. It is also higher than the state average of 106. Families of seniors paying for personal care may find it difficult to make ends meet in Prior Lake.
• Located in the northern half of the United States in the state of Minnesota, Prior Lake has long, cold winters with average January lows of around 6 degrees. The area gets about 49 inches of snow per year, which may prove to be too much for seniors who enjoy the outdoors.