Memory Care Communities in Lakeway, Texas

Memory Care costs in Lakeway start around $6,836 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 Lakeway 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 Texas page.

Lakeway is a quiet, safe suburb of the Texas capital city of Austin. In Texas the estimate of residents with Alzheimer's disease or dementia is over 380,000; to care for these folks, Lakeway offers 11 memory care facilities.  Some memory care facilities in Lakeway are dedicated Alzheimer's care homes, subject to specific state regulations that focus on staff training and certification. In addition, many assisted living communities in Lakeway have a separate secure wing for memory care residents to facilitate aging in place. 

Texas stipulates that Alzheimer's and dementia care be provided in Type B nursing care facilities, accommodating those who would be unable to evacuate in an emergency without staff assistance and those who require overnight supervision and aid. Texas's senior living campuses that are certified Alzheimer's care facilities admit only those with a physician's diagnosis of dementia or Alzheimer's disease. 

• Lakeway's climate is balmy and warm, although summer highs regularly reach over 90 degrees. Memory care residents with certain health conditions may be uncomfortable in the summer. Winters are typically mild and snow-free and may sooth aging joints. 
  
• Texas does not have a state tax on income, which includes monies from Social Security benefits and retirement accounts. Families helping loved ones afford memory care may have a bit of extra income to work with. Although property taxes and sales tax are higher in Texas than many other states, this shouldn't impact budgets for those in memory care. 
  
• The cost of living in Lakeway is significantly higher than the national average, although high housing costs are the reason. Grocery and health-care costs are lower than many other parts of the country. The higher cost of housing may affect prices for memory care housing. 
  
• The Lakeway area is home to world-class medical facilities, including those specializing in brain health and dementia care such as Cross Creek Hospital and St. David's Health Care Center, in the event of medical emergencies or illness.