Cost of Independent Living
It’s a smart next step in a well-planned life.
The community is so much more than a lovely place to live – though it certainly is that. It also presents an engaged lifestyle of fun, friendship and maintenance-free convenience.
Most of all, you’ll know your future is secure.
As the only locally-owned nonprofit Continuing Care Retirement Community (CCRC) in Charleston, our unique structure controls costs of future care and separates Edgewood Summit from other senior living options.
Two fees cover it all.
Because so much is included in the lifestyle and plan for future care, the costs of senior living are paid for differently at Edgewood Summit than at communities with fewer offerings.
Residents pay a highly refundable entrance fee to move into independent living, along with a Monthly Service Package. Together, these fees cover things like meals, utilities, and all community services and amenities – and entitle you to our unique health care discount.
The Health Care Discount
When you move into independent living, you’re protected against the ever-rising costs of long-term care on the open market. If you ever need any level of senior care*, you’ll enjoy a 20% discount off market rates – for life.
What is the actual cost?
For independent living, the entrance fee and Monthly Service Package will vary, depending on the size and location of the residence you choose, as well as your number of residents.
To ensure ongoing value, the entrance fee is highly refundable to you or your estate, providing asset protection as well as a plan for your future.
Entrance Fee:
- One-bedrooms start at $170,275
- Two-bedrooms start at $297,545
Monthly Service Package:
- One-bedrooms starting at $2,940
- Two-bedrooms starting at $4,418.40
For all residences, there is an additional $1,733 per month fee for a second person.
*Roughly 70% of older adults will need some type of long-term care in their lifetimes.
Determine your specific costs.
Use our easy online tool to see how Edgewood Summit fits your budget and financial plans.
Picture Perfect
See the people, setting and activities that make our community so special.
See it in person.
Come for a visit and we’ll treat you to lunch and show you everything.
Enjoy every day your way.
Whatever you like to do, you can do it here – with endless daily choices and no hassles.
