Memory Care Communities in Paramus, New Jersey

While it’s expensive compared to the average U.S. city, Paramus is the most affordable option for memory care in New Jersey. Atlantic City is only slightly more expensive at a cost of $7,259 per month, followed by Vineland at $7,680.  The most expensive cities in the state are Ocean City and Trenton, which cost an average of $9,363 and $10,181 per month, respectively.

Seniors in Paramus pay an average of $7,188 per month for memory care services. As it involves a more extensive level of care, memory care is often 20-30% more expensive than traditional assisted living. The following costs have been calculated based on assisted living costs as reported by the Genworth Cost of Care Survey 2021 plus 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 New Jersey page.

Additional care options are available to seniors in Paramus, including the most cost effective option, adult day care, at a monthly cost of $1,950. Assisted living services ($5,750) are similarly priced to homemaker and home health aide services which cost $5,529 and $5,720, respectively. Nursing facilities offer the greatest scope of care and can cost up to $13,231 per month.

In the state of New Jersey, including Paramus, residential care facilities are licensed and regulated by the New Jersey Department of Health and Senior Services. This governing body oversees the operation of three types of assisted living services, including assisted living residences (ALRs), comprehensive personal care homes (CPCHs) and assisted living programs (ALPs). Facilities that operate Alzheimer’s units for seniors with cognitive conditions are subject to requirements.

• Seniors in Paramus have access to a variety of amenities and attractions to support a fun and fulfilling lifestyle. Residents can enjoy the community’s many restaurants, coffee shops and local parks. The borough is also well known as a retail center, with three major shopping malls and numerous retailers along its two adjacent highways.
• Getting around Paramus is easy thanks to the community’s Senior Citizen Bus, which offers free transportation to seniors residing in the borough. The service operates on a set schedule each week from Monday through Friday and can take seniors to malls, shopping centers, grocery stores and the Senior Citizen Building, as well as to weekly mass on Sundays. 
• Living in Paramus can be quite expensive, especially in terms of housing and transportation. The overall cost of living is significantly higher than the statewide average, which is already more than 20% above the U.S. national average. Based on a score of 100 representing the national cost of living, the index score in Paramus is 160.3.
• Low rates of violent crime may offer seniors and their families peace of mind. On a scale to 100, with 100 representing high crime, Paramus receives a score of 9.8, which is significantly lower than the U.S. national average of 22.7. Property crime rates are higher, at an index score of 61 compared to 35.4 nationally, though most facilities are equipped with safety features such as 24-hour surveillance and secured entrances.
• Winters in Paramus can be very cold, with temperatures dropping as low as 18 degrees and around 26 inches of snowfall expected in a season. In the summertime, the region sees beautiful weather with temperatures in the 80s and plenty of sunshine allowing seniors to spend time enjoying the outdoors. In fact, Paramus receives an overall comfort index score of 8.7 out of a possible 10.
• The state of New Jersey is considered to be relatively tax-friendly toward retirees. Seniors will not be taxed on their Social Security income, and the taxes on any retirement income from pensions or other accounts is low, so seniors can maximize their retirement earnings.