Memory Care Communities in Florham Park, New Jersey

An analysis of memory care facilities reveals that Florham City's monthly rate of $7,188 is more affordable than the state's average cost of $8,119. Florham City is $1,563 more expensive than the U.S. average of $5,625, this is largely due to the above average living conditions and access to excellent health care. With a cost of $10,181, the most expensive city is Trenton, while Vineland's monthly cost of $8,000 is the most economical. Ocean City is $9,363 per month, which is $1,244 more expensive than Florham City. 

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we've estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth's 2021 Cost of Care Survey.

Florham City's average cost of memory care is $8,119. The cost is affected by variables such as services, facilities and location.  

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 New Jersey page.

Memory care, tailored for seniors with dementia or Alzheimer's, provides comprehensive support and specialized care, with a monthly cost of $7,188. Adult day health care, the most budget-friendly option at $1,950 per month, offers daytime respite and temporary relief for caregivers, catering to seniors' social and health needs. Nursing home care, encompassing a wide range of skilled nursing services for round-the-clock support, is the costliest option, averaging $12,471 per month for a semi-private room. Meanwhile, assisted living and home health care present similar cost structures, both providing a blend of personal care and health services in different living settings.

Florham Park memory care facilities fall under the New Jersey Department of Health. The department regulates hospitals, medical centers and all senior living facilities, ensuring individuals continuously receive an optimum level of care.

• Seniors in Florham Park can experience a greater sense of security, as the city has a property crime rate of only 18.1, well below the national average of 35.4 on a 100-point index.
• Despite the higher cost of living in Florham Park, which stands at 136.6 compared to the U.S. average of 100, the community benefits from a variety of support and public assistance programs. These programs offer subsidies for health care, food and other necessities, significantly aiding seniors.
• In 2021, New Jersey became a member of the AARP Network of Age-Friendly States and Communities. This initiative focuses on enhancing the quality of life for those aged 50 and over by fostering age-friendly environments through collaborative community efforts.
• Per 100,000 people, Florham Park boasts an average of 320 physicians, which is 110 more health care workers than the U.S. average. Additionally, the renowned Summit Health Cancer Center is in Florham Park, which is a state-of-the-art facility. 
   
• Florham Park's weather, with an average of 209 sunny days per year, offers residents more opportunities for outdoor activities. This climate is especially notable for seniors who appreciate the benefits of regular sunlight exposure and outdoor recreation.