Memory Care Communities in Great Neck, New York

Memory Care costs in Great Neck start around $12,595 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 Great Neck 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 New York page.

More than 18 percent of Great Neck's 10,000 residents are aged 65 and older. The village is just 21 miles from one of New York's Centers of Excellence for Alzheimer's Disease, created to provide care for the 400,000 residents of New York living with the disease.

There are also six memory care facilities in Great Neck offering support to people with dementia. These facilities are a type of Special Needs Assisted Living Residence (SNARL). They must meet additional requirements around staffing and are licensed by the Department of Health.

• Great Neck has an overall crime rate of 9 crimes per 1,000 residents, which is lower than 71 percent of communities in the U.S. The violent crime rate is just 0.39 per 1,000 residents, more than three points lower than the state average of 3.57. New York State's property crime rate of 15.14 is also significantly higher than the Great Neck rate of 8.64. This may be reassuring to safety-conscious seniors and their families.
  
• The cost of living in Great Neck is 301 on the Sperling index, more than three times higher than the U.S. average of 100. This is largely due to the high cost of housing, but healthcare is closer to average. The high cost of living may impact the amount of money families have available for their loved one's memory care.
• The Great Neck area is home to world-class medical facilities, including those specializing in brain health and dementia care such as North Shore University Hospital, in the event of medical emergencies or illness.
• Social Security retirement benefits and public pensions from New York or the federal government are exempt from income tax in New York State. Retirement income from other sources, including retirement funds and private pensions, are subject to income tax, but there is a deduction available for people aged 60 and over. This low tax bill may allow seniors and their families to put money into their memory care budget.