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A few years ago my grandparents were in a memory care facility as their health declined. It cost them $18,000 a month to stay there. Adjusting for inflation that's like $22,000 a month.
I'm assuming a large part of that was the full time nursing care to keep Gran's from wandering off into the street looking for Pinkie, their childhood cat in the middle of rush hour (as well as dealing with... you know... making sure they get meds and, eating right, and wiping their ass after, they, uh, ate right.)
Not really, surprisingly. They mostly only needed basic assisted living stuff (meals were provided). Both needed help with their medications, but my grandpa was mostly independent, only requiring help putting on his shoes and taking showers. My grandma was a psycho wannabe escape artist though. But she didn't really need someone to watch her all the time. The building was intentionally designed confusingly to prevent escapes.