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Page Reviewed / Updated – January 13, 2024
Castle Rock is one of the outlying suburbs in the south metro Denver region and is home to 80,000 people, 10% of whom are 65 and up. Older adults are served by multiple senior centers, medical professionals and assisted living communities that offer housing, amenities and personal care in a residential setting.
The local cost of living is high in Castle Rock by state and national standards, but health care costs are nearly 17% lower than national rates. In addition, assisted living averages $4,734 monthly, a bit more than the U.S. ($4,459) and Colorado ($4,630) averages.
This guide helps seniors and their families examine long-term care options in Castle Rock and other Colorado cities by providing cost data and comparisons.
The Cost of Assisted Living in Castle Rock, CO
When determining how to finance Assisted Living, it’s essential to first know the expense involved for your loved one to join a reputable community. With the ongoing increase in costs, having current information is crucial when budgeting for senior care. To help highlight the influence of inflation on senior living expenses, PayingForSeniorCare.com has collected cost data from its extensive network of over 75,000 senior living communities. This data represents the average cost of Assisted Living in Castle Rock and in 20 other cities in Colorado.
Inflation & the Cost of Assisted Living in Castle Rock, CO
Inflation has driven up the cost of assisted living in Castle Rock, but the price is still low by state and national standards. From 2022 to 2023, monthly expenses increased in Castle Rock by 10%, from $4,321 to $4,734. This figure is estimated to hit $5,098 by 2024. Nationally, costs rose from $4,070 to $4,459, with a 2024 projection of $4,802.
Colorado has seen a modest 5.5% cost hike from 2022 to 2023. However, the cities of Colorado Springs, Lakewood and Montrose all experienced increases of 10%, which makes smart planning for senior care all the more important.
Location |
2022 Cost (Historical) |
2023 Cost (Current) |
2024 Cost (Estimated) |
Castle Rock |
$4,321 |
$4,734 |
$5,098 |
U.S. Average |
$4,070 |
$4,459 |
$4,802 |
Colorado |
$4,392 |
$4,630 |
$5,063 |
Colorado Springs |
$4,693 |
$5,142 |
$5,538 |
Lakewood |
$4,411 |
$4,833 |
$5,205 |
Montrose |
$3,596 |
$3,940 |
$4,243 |
The Cost of Other Types of Care in Castle Rock, CO
Assisted living in Castle Rock costs an average of $4,734 a month, but it isn’t the only option for local seniors. Older adults who require cognitive support in addition to help with daily living tasks can opt for memory care communities. For $5,700 a month, memory care offers programs for seniors with dementia and 24/7 supervision. Active seniors who are mostly self-sufficient, however, can select independent living for much less at just $3,800 monthly.
Care Type |
Cost |
Assisted Living |
$4,734 |
Memory Care |
$5,700 |
Independent Living |
$3,800 |
Financial Assistance for Assisted Living in Castle Rock, CO
Other Ways To Pay for Assisted Living in Castle Rock, CO
Since not everyone can afford to pay for assisted living out-of-pocket, it’s important to find alternative methods to help make assisted living more affordable. Some of these options include:
- Veterans Benefits
- Life Insurance Policy
- Long-Term Care Insurance
- Reverse Mortgage
For additional information and planning, read our comprehensive guide to paying for senior care in Colorado.
Rules and Regulations for Assisted Living Facilities in Castle Rock, CO
Assisted Living Communities in Castle Rock are required to follow a set of rules and regulations that are determined by the state. For an overview of those rules and regulations, see the information below. For more specific information, talk with your local community or Area Agency on Aging.