Retirement home

A retirement home – sometimes called an old people's home[1] or old age home, although old people's home can also refer to a nursing home[2] – is a multi-residence housing facility intended for the elderly. Typically, each person or couple in the home has an apartment-style room or suite of rooms. Additional facilities are provided within the building. This can include facilities for meals, gatherings, recreation activities, and some form of health or hospice care.[3] A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium.[4]

Retirement home in Israel.

A retirement home differs from a nursing home primarily in the level of medical care given. Retirement communities, unlike retirement homes, offer separate and autonomous homes for residents.

Retirement homes offer meal-making and some personal care services, according to ARCO. [5] Assisted living facilities, memory care facilities and nursing homes can all be referred to as retirement homes. The cost of living in a retirement home varies from $25,000 to $100,000 per year, though it can exceed this range, according to Senior Living Near Me's senior housing guide. [6]