Memory Care Communities in Lorain, Ohio

Memory care costs in Lorain are slightly higher than the state average of $5,974 and moderately higher than the national average of $5,625. They are also higher than rates found in most of Ohio’s major cities. Columbus has the lowest memory care cost at $5,106, followed by Toledo at $5,274 and Dayton at $5,313. At the southern tip of the state, Cincinnati’s costs are a bit higher at $5,833 but still lower than Lorain’s.

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.

The typical cost of memory care in Lorain is $6,175 per month, but this figure is just an average. The exact cost depends on factors such as the facility’s location and the amenities offered.

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 Ohio page.

Assisted living offers a more affordable alternative for seniors who need limited assistance but don’t require memory care. It averages $4,940 in Lorain. For seniors who prefer to live at home, in-home care and home health care are less expensive than memory care; both cost $5,196. Adult day health care is the cheapest option at $1,788, and the most expensive is a nursing home, where a semiprivate room averages $8,395.

Memory care facilities in Lorain and across Ohio are regulated by the Bureau of Regulatory Operations at the Ohio Department of Health. This agency inspects assisted living communities to ensure they’re providing a safe and healthy environment for their residents and that all needed medical services are provided efficiently and appropriately.

• Lorain offers a much lower cost of living than both the Ohio and national averages. On a 100-point index, with 100 representing the national mean, Lorain’s cost of living is 70.9, meaning it’s almost 30% cheaper than a typical U.S. city.0
• Health care is also much less expensive than average in Lorain. The city’s health cost index is 84.6 on a 100-point scale. However, the city has a low number of doctors per capita. There are 146 physicians in Lorain for every 100,000 residents compared to the national average of 210.
• Lorain is served by Mercy Health — Lorain Hospital, an award-winning facility that is a First Joint Commission-certified stroke center. Mercy also offers top-rated rehabilitation services. Numerous additional hospitals are located close by in Cleveland and its suburbs.
• Lorain has an average level of violent crime but more property crime than the national mean. The city’s violent crime index is 24.0 compared to the national average of 22.7, with lower numbers indicating lower crime. Its property crime index is 55.0 compared to the national average of 35.4. That said, memory care facilities typically offer an array of security features to keep both residents and their belongings safe.
• Seniors who like watching the seasons change will enjoy Lorain, which offers a true four-season climate. Summers are warm, with July highs averaging 84 degrees, and winters are chilly: the average January low is 19. Sunny days, at 166 per year compared to the national average of 205, are somewhat scarce, especially during the winter months. Lorain receives average rainfall but almost twice as much annual snow as a typical U.S. city.
• Ohio is a relatively tax-friendly state for seniors. Social Security benefits and military pensions aren’t subject to a state income tax, though civilian government benefits and private retirement income are taxed.