The Cost Of Independent Living In Texas: Is It Affordable? (2024)

Texas has a diverse population extending to retired adults as well. There are endless options for senior living in Texas. It all comes down to your needs and circ*mstances. Following your retirement, you can opt to live independently. At Morada Meadow Lakes, our community makes sure that your life here is filled with leisure and relaxation while offering additional support and opportunities for socialization.

If you’re looking for someplace to move post-retirement, consider Texas. Read on to learn more about the cost of independent living in Texas.

What is Independent Living?

If you are a healthy retiree who wishes to remain active round the clock without needing nursing care, you must be feeling excited about independent living. You will get ample privacy, which is required to feel comfortable at your own residence.

It is very common to find those in their golden years preferring neighborhoods specifically designed to suit their needs. These neighborhoods will enable you to take advantage of community offerings and amenities.

Average Cost of Independent Living in Texas

There are many thriving retirement communities and neighborhoods around Texas. The state boasts a home value index of $174,300 which is three times and four times lesser than hot retirement regions like California and Hawaii respectively, making Texas the most affordable.

On average, independent living in Texas can range from $450 to $4,800 per month. The costlier centers thrive in the Midland metropolitan region whereas the more affordable centers are found in the Laredo region.

Choosing to live independently, you might require home health care services as per circ*mstances. These services can range from housekeeping, meal preparation and help with completing some errands. This could cost up to $4,000 per month on average.

Services and Amenities You Can Expect in Independent Living

Independent living communities in Texas offer services like transportation to get around. You will come across vibrant resident-focused amenities like walking trails, workout rooms, jacuzzis, pools, and dog parks to fill your day with activities.

Located in the most desired suburban region, you will experience the best of both small-town living and big-city chimes. Beautiful tree-lined streets and green spaces will fulfill your daily lives with peace and tranquility. And the bright lights and vibe of the world-class recreation of Metroplex are within reach.

The regularized social schedules of diverse events such as arts and crafts to sports and fitness offer an excellent opportunity for immersing in the local culture. You will always have circles of your current passions and even feel inspired to pursue newer ones if you want to experience novelty.

Our community will provide you varieties of apartment and suite options matching your needs and lifestyle. Apartments at Morada Meadow Lakes include a kitchenette, personal thermostat control, satellite TV, a walk-in shower, and even a walk-in closet. You will also find housekeeping and maintenance services, so you can utilize more time doing activities with your newfound friends and neighbors.

At Morada Meadow Lakes, suites begin at $1,815 and go up to a two-bedroom apartment at $2,780 only. With many options available in between, you will definitely find a space to call your abode. The prices are negotiable. Feel free to get in touch with our senior lifestyle counselor if you have more queries or require some details.

The Cost Of Independent Living In Texas: Is It Affordable? (2024)

FAQs

How much does independent living cost in Texas? ›

The average cost of retirement communities in Texas is around $2,225 per month for independent living and $3,988 per month for assisted living. The cost of your retirement will depend on several factors, including your age, level of independence, and current medical needs.

What is the average cost of independent living in the US? ›

Independent living is often more affordable than assisted living, memory care, and nursing home care because care services are not provided. Median independent living costs can be as low as $1,800 per month or as high as $6,000 per month, according to A Place for Mom's 2024 Cost of Long-Term Care report.

What is the average cost of living in Texas? ›

Average Cost of Living in Texas: $45,114 per year

According to 2021 data from the Bureau of Economic Analysis the average total personal consumption cost in Texas is $45,114 per year.

Who qualifies for assisted living in Texas? ›

Who is Eligible?
  • Individuals aged 55 and older who are nursing home-eligible.
  • People who live in an area covered by PACE services.
  • Those who can live safely at home or in an assisted living community.

What is the cheapest way for a senior to live? ›

One option for seniors is to downsize to a smaller home, apartment, or condo. This can help reduce housing expenses such as rent, mortgage payments, property taxes, insurance, and maintenance costs. Seniors can also consider sharing a living space with family members, friends, or roommates to further reduce costs.

Is Texas affordable for seniors? ›

America's second-most populous state is a haven for retirees. Whether you're seeking warmer weather, affordable housing, lower taxes or engaging leisure activities, you will be able to find it somewhere in the state of Texas.

What salary do you need to live comfortably in Texas? ›

What's considered a “good” salary in Texas depends on your household size and lifestyle, but most Texans make between $45,000 and $100,000 annually. Texas cities have differing costs of living, of course — Austin is much pricier than Amarillo — so where you live in the Lone Star State also matters.

How much does it cost to live alone in Texas? ›

According to 2021 data from the Bureau of Economic Analysis, the average total personal consumption expenditure (PCE) in Texas was $45,114 per year. That breaks down to a monthly average of $3,760 per person.

Is Texas still affordable to live? ›

The Bottom Line. The cost of living in Texas is 8% lower than the national average. Nevertheless, it is still home to some of the most expensive cities in America. However, if you want to shift to Texas, you can find affordable housing in cities like Brownsville, Abilene, and Wichita Falls.

Will Medicare pay for assisted living in Texas? ›

Benefits Overview

In short, Medicare does NOT typically pay for assisted living stays in Texas and Medicaid limited to a specific type of facility with specific eligibility requirements. Below is a brief overview of the most common benefits in relation to funding of assisted living services.

What is the average monthly cost of a nursing home in Texas? ›

The cost of a nursing home in Texas ranges from $3,000 to $4,000 a month (University of Texas). If you do not have much income or other resources, Medicaid may pay for a nursing home. You can talk to a Texas Health and Human Services employee about Medicaid.

Does SSI pay for assisted living in Texas? ›

Texas provides a small supplement to SSI recipients who reside in assisted living and other long-term care facilities.

How much does it cost to live in Texas alone? ›

The average cost of living in Texas is $1,972.41 per month. Texas is the second-largest state in the U.S. by area. The state has vast landscapes to build an affordable home and has a healthy job market. From Dallas to Austin, there are plenty of great cities to grow a career in.

How much money do you need to live on your own in Texas? ›

Individuals need roughly $100,000 to live comfortably on their own, and families of four need about $224,000.

What is the average monthly cost to own a house in Texas? ›

PMI – Private Mortgage Insurance
5% Down20% Down
Monthly Payment:
Principal & Interest$1535.7$1293.25
Property Taxes$666.67$666.67
Home Owners Insurance$200$200
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