Older adults in Houston have more freedom to live independently than their counterparts in most other US cities, a new study has found. According to Redfin.com, Houston has the 5th best technology-assisted living options for senior citizens in the US.
Houston is ne of 14 cities that has access to Uber, Rover, Porch, Instacart and CareLinx. These services can help seniors with tasks, such as driving to meet a friend or scheduling appointments with professional caregivers to assist with bathing and meal preparation, which traditionally could only be found in nursing homes.
The study also considered data from New York-based Metlife Inc to compare the median monthly mortgage payment to the average monthly fee for assisted living facilities in 52 major cities. In Houston, the cost difference between a mortgage payment and assisted living fees was $2,343. The estimated monthly mortgage payment was $1,039 and the average monthly cost for assisted living facilities was $3,382.
“Houston buyers have more purchasing power compared to other large cities, and children of senior citizens are buying homes and condos to accommodate the needs of their aging parents,” said Tara Waggoner, a Redfin Real Estate agent in Houston.
Washington DC claimed the No. 1 spot on the list with a $3,146 difference between mortgage and senior care costs. Austin was the only other Texas city to make the list, claiming the No.4 spot with a $2,465 difference in cost.
Houston’s aging population has sparked a flurry of services and communities geared toward senior living. In particular, residences geared toward senior have surged in recent years.
Article courtesy of Laura Furr and Houston Business Journal