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27 Assisted Living Communities in Lakewood, Colorado

The average cost of assisted living in the city is $4,700 a month. This guide is a starting point covering the cost of assisted living care in the city, as well as financing options to pay for it. You’ll find in-depth information on 27 Assisted Living Communities in Lakewood and several in surrounding areas. The Cost of Senior Care in Lakewood, CO

  • Assisted Living: $4,700
  • Nursing Home Care: $8,365
  • In-home Care: $1,625
  • Adult Day Health Services: $4,767

Assisted Living Facilities near Lakewood, Colorado

Compare Costs, Photos, & Reviews of All Your Options Near Lakewood

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Map of Lakewood, Colorado

Assisted Living Costs in Lakewood

The average monthly cost of assisted living care in the U.S. is $4,000, according to Genworth’s 2018 Cost of Care study, and the Colorado average is the same. At $4,700 per month, Lakewood’s assisted living cost is high in comparison. The only Colorado cities with more expensive rates are Colorado Springs ($4,875) and Boulder ($5,000).

Grand Junction has the state’s most affordable assisted living at a cost of just $3,350 per month. Seniors in Greeley ($3,670) and Pueblo ($4,000) also enjoy lower prices than their counterparts in Lakewood.

Note: Senior care cost data wasn’t available for Lakewood, so data for Denver was used.

The Cost of Assisted Living in Surrounding Areas

Lakewood/Denver Area

$4,700

National Average

$4,000

State Average

$4,000

Boulder

$5,000

Colorado Springs

$4,875

Fort Collins

$3,950

Grand Junction

$3,350

Greeley

$3,670

Pueblo

$4,000

Care Cost Comparison

Location isn’t the only factor that influences the cost of senior care. The type of care needed also affects monthly costs. Seniors pay an average of $4,700 per month for assisted living, which is about three times the cost of adult day health services ($1,625). Those who need nursing home care pay $8,365 per month, which is about 80% more than the cost of assisted living. Homemaker ($4,767) and home health aide services ($5,243) are priced similarly to assisted living. Seniors should remember that these prices only include the cost of in-home care itself. Regular household expenses, such as utilities and groceries, are still the senior’s responsibility. Assisted living residences usually include these costs in their monthly fees, so seniors may find they’re a more budget-friendly option.

 

Senior Care Cost Comparison Chart

Assisted Living

$4,700

Homemaker Services

$4,767

Home Health Aide

$5,243

Adult Day Health Services

$1,625

Nursing Home Care

$8,365

Financial Assistance for Assisted Living in Lakewood

Medicaid in Colorado

Medicaid is a joint federal and state program that provides medical coverage to low-income Americans. More than 1.2 million people are enrolled in Colorado’s Medicaid program, Health First Colorado, including children, pregnant women, seniors and people with disabilities.

Eligible Coloradans receive many medically necessary services through Health First Colorado including:

  • Primary care
  • Hospital care
  • Outpatient care
  • Preventive services
  • Emergency care
  • Nursing home care


To be eligible for Health First Colorado coverage, state residents must meet the program requirements. One-person households must have an annual income of $16,612 or less. The limit for two-person households is $22,491. Countable assets are capped at $2,000 for individuals and $3,000 for couples. Many assets are exempt, including a primary residence, personal property, household belongings and one car.

Completing an online Colorado PEAK application is the fastest way to apply for coverage. You can also call (800) 221-3943 or apply in person at the Jefferson County Department of Human Services office.

Elderly, Blind and Disabled Waiver

Lakewood seniors who need help paying for assisted living care may qualify for the Elderly, Blind and Disabled waiver. This program provides a number of long-term care benefits, such as adult day health care, homemaker and personal care services. The waiver also covers services provided in alternative care facilities, including assisted living residences, but it doesn’t cover room-and-board costs.

To qualify, seniors must have a significant functional impairment and need a nursing home level of care. The program’s monthly income limit is $2,313, or three times the current Supplemental Security Income rate. Medicaid asset limits also apply.

Seniors can apply for the EBD waiver by contacting the Jefferson County DHS office at (303) 271-1388.

Other Financial Assistance Programs for Assisted Living

Optional State Supplementation

The federal Supplemental Security Income program provides monthly benefits to elderly people with low incomes and few assets. Across the country, more than eight million people collect SSI benefits. Colorado is one of the many states that provides top-up funding to SSI recipients who live in assisted living facilities.

Colorado’s Optional State Supplementation program provides up to $551 per month to single seniors and $1,489 to couples who qualify.

To learn more about the program or to apply, call the Colorado Department of Human Services at (303) 866-5700.

Colorado Old Age Pension

The state of Colorado provides financial assistance to low-income seniors through its Old Age Pension program. To receive this benefit, Colorado seniors must be U.S. citizens or qualified legal residents and earn less than $771 per month. Applicants are also limited to $2,000 in total resources ($3,000 for couples).

Lakewood seniors interested in the OAP program can apply by calling the Jefferson County DHS department at (303) 271-1388. Applicants are interviewed by an intake program specialist who then makes an eligibility determination.

Assisted Living Bridge Loans

Some Lakewood seniors may only need short-term help paying for assisted living. Seniors waiting for a pension to kick in or a home to sell may find themselves in this situation. An assisted living bridge loan can help seniors handle this gap in funding.

Bridge loans usually have a line of credit structure, which allows approved seniors to borrow only what they need. Monthly payments for housing and care can be sent directly to a senior’s assisted living facility. Applications can list up six borrowers to help a senior qualify, but applicants will need to explain their planned source of long-term funding.

To apply for a bridge loan, call Elderlife Financial at (888) 228-4500 or complete an online application

Assisted Living Resources in Lakewood

Senior Center

Lakewood residents 55 years of age or older can find an array of programs and activities available at the local senior center. Seniors can join one of the many arts and crafts or group fitness classes offered, enjoy a nutritious hot meal, receive health and wellness counseling or take part in trips and planned outings. 

Lloyd G. Clements Community Center 
1580 Yarrow St., Lakewood, CO 80214
(303) 987-4820

Veterans Affairs

Lakewood offers many resources for veterans and survivors. Seniors can visit the regional VA office to check their eligibility for benefits and submit an application. They can travel to Aurora or Denver to access VA health care services, including counseling at the Vet Center.

Denver Regional Benefit Office 
155 Van Gordon St., Lakewood, CO 80228
(800) 827-1000

Jewell VA Clinic 
14400 E Jewell Ave., Aurora, CO 80012
(303) 283-5400

Denver Vet Center 
7465 E First Ave., Ste. B, Denver, CO 80230
(303) 326-0645

Nearby Assisted Living Communities

Go a bit further out to explore pricing and amenities.

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Other Senior Living in Lakewood, CO

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Compare Costs, Photos, & Reviews of All Your Options Near Lakewood

Who are you looking for?

Full Name

Phone

Email

By clicking "Get Costs" I am providing express written consent to receive calls including automated/pre-recorded calls and automated texts for which I may incur a cost, as well as emails from Caring and its partners. I understand I am not obligated to provide this consent to utilize Caring’s service(s). I acknowledge I was able to review the Agreement to be Contacted, Terms of Use, and Privacy Policy.

SeniorHomes.com

Those with certain disabilities or diseases have more obstacles to overcome when searching for a quality assisted living home. If you have questions, we are here to help provide the answers. Give our senior care advocates a call and read our guides for specific information and resources related to your or your loved one’s condition.

SeniorHomes.com

Those with certain disabilities or diseases have more obstacles to overcome when searching for a quality assisted living home. If you have questions, we are here to help provide the answers. Give our senior care advocates a call and read our guides for specific information and resources related to your or your loved one’s condition.

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  • Independent Living

  • Memory Care


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