Memory Care Communities in Sherman, Texas

Seniors typically pay $4,375 per month for memory care in Sherman — saving about 12.5% compared to the state average and nearly 22.3% compared to the national norm. While Sherman is one of the most affordable cities for memory care in Texas, families with limited budgets have a few cheaper options. Care costs $875 less in Waco and $912 less in Texarkana. Expenses rise in some of the state's largest cities, with memory care costing $869 more in Dallas and $2,306 more in Austin than it does in Sherman.

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.

On average, memory care costs families $4,375 per month in Sherman.

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.

Memory care averages $4,375 in Sherman, making it one of the city's least expensive types of care. However, assisted living is $875 cheaper. It provides personal care and may still suit seniors with mild or early-stage memory loss. In-home care offers personal support in-residence for $392‬ more than memory care, while home health care provides professional nursing services — also at a $392 higher cost. A semi-private room in a nursing home exceeds the cost of memory care by $796 but gives seniors with severe health conditions access to 24-hour skilled nursing and medical care.

Texas Health and Human Services regulates memory care communities in cities throughout the state, including Sherman. The department ensures compliance through regular audits and investigations. It also provides information about state and national financial benefits and other aspects of care to assist families.

• Sherman offers around 227 sunny days per year compared to the national average of 205. Typically, the region only experiences 1 inch of snowfall, and winter temperatures hover around 32 degrees Fahrenheit — much higher than the U.S. norm of 21.7.

• Seniors benefit from excellent health care infrastructure in Sherman and the surrounding area. The Baylor Scott and White Heart Hospital in Denton holds awards for its cardiac surgeries, and the Texas Health Center For Diagnostics and Surgery received recognition for outstanding patient experiences.

• Sherman's high sales tax rate of 8.25% can make everyday purchases more expensive in the city. However, the city's overall cost of living ranks 9% below the national norm, and Texas doesn't have an income tax. As such, the city can still remain an affordable home for seniors with limited budgets.

• Crime rates measure slightly lower than the Texas average in Sherman. Residents of the city have a 1 in 233 chance of experiencing a violent crime vs. the state's 1 in 220 rate. Property crimes affect 1 in 53 people in Sherman compared to 1 in 46 throughout Texas.

• Air quality in Sherman varies, and particulate levels sometimes rise above the WHO's guideline values. However, the overall quality typically falls within the good category of the U.S. Air Quality Index, indicating a low likelihood of breathing discomfort for most seniors.

• Sherman's drinking water exceeds the EPA's federal quality guidelines. Additionally, the city has maintained a Texas Commission on Environmental Quality rating of superior for the past 25 years.