As today’s seniors are living longer than ever, it makes sense to consider whether to age in place in their own home or take advantage of the benefits offered by senior living communities. While many older adults say they wish to stay at home, the reality is in some situations it may be impractical due to the burden of home maintenance, mobility issues and declining health. For more active seniors, community living offers a carefree lifestyle with predictable budgeting and built-in companionship. To make an informed decision regarding one’s choices, it is important to know the real cost of living at home, receiving in-home care or residing in a senior apartments . If you are currently living in your own place and think senior living communities are way more expensive, consider the following. Living in a home or apartment means a monthly mortgage or rent payment and homeowners or rental insurance. Monthly expenses include utility bills for electricity, gas, trash and water as well as ph...