Many people assume that senior living communities are much more expensive than retiring at home. However, you may be surprised to find out that this is not the case. It is important to manage your finances properly after you retire as you are no longer working anymore. Thus, if you are concerned about what expenses you may incur after you retire, this article will help you break down the different costs of your retirement life.


Housing takes up a significant portion of your retirement expenses as it includes various costs like rent, insurance, maintenance and repair bills, as well as housing taxes. These costs can add up, and they may even increase depending on the housing market.

Senior living communities can be more affordable as you and your loved ones do not need to pay for maintenance and repair fees and other miscellaneous costs. Furthermore, your apartment comes fully furnished and is well-maintained by the dedicated team members in your senior living community. You and your loved ones can leave all the tiresome daily chores to the team, and these services don’t cost you anything extra!


Many older adults need a reliable form of transport to take them around town. However, maintaining a personal vehicle can be very expensive as it includes the costs of insurance, gas, maintenance, and repair, as well as taxes. Public transport is a cheaper alternative, but older adults with mobility issues may find it challenging to rely on public transport.

Most senior living communities provide free transportation services that will take you to where you need to go. Special arrangements can also be made depending on your care needs, and they are customizable and comfortable, the perfect way for older adults to get around!

Food and Dining

Groceries are a costly expense, especially since older adults should not compromise on the quality of their meals to stay healthy. In addition, many older adults often face unique mobility and medical challenges that make it difficult for them to access nutritious meals. In addition, a combination of medication and healthcare conditions means that many older adults have dietary limitations.

Senior living communities have professional chefs that prepare healthy and nutritious meals catered to every resident’s personal needs. Older adults will not have to worry about finding food that matches their dietary preferences if they move to senior living communities.

General Quality of Life

After retirement, it is time to pursue new hobbies and connect with new people! However, social activities can be costly and require long commitment periods, making it hard for older adults to try out new activities.

Senior living communities provide a wide range of activities and events at no additional costs where residents can socialize and bond, and there are even fitness classes to help maintain your wellbeing!

Why Choose TerraBella Lake Norman?

Come to TerraBella Lake Norman if you and your loved ones want to experience a vacation-like retirement life. You and your loved ones can enjoy exciting Celebrations activities and events against the backdrop of the charming town of Mooresville. Indulge in our lovely apartments and state-of-the-art amenities while our professional team members take care of your daily chores. Enjoy an independent and active lifestyle with us now!

To learn more about living in TerraBella Lake Norman, contact us or schedule a tour to see what we have to offer!