Can I afford assisted living?

By Kate Ashford, NerdWallet

Recently, a listener of NerdWallet’s Smart Money podcast submitted a question about budgeting for long-term care for her father-in-law:

We are looking at how we can have him move closer to us into an independent/assisted living situation. We would like to build a budget to help him understand what type of living situation he could afford and for how long.

All the best,Senior Living is Confusing

Let’s tackle the question step by step.

How much does assisted living cost?