Finances Finances : Advanced Living Communities

Finances

To qualify for residency at Schwenckfeld Terrace, your annual income must fall within one of the following categories, which represent a percentage of the median income of Montgomery County, PA.  The income category then determines the amount of rent you pay per month.

Annual Income Limit

% of
Median Income

Monthly Rent

not
exceeding

$11,100 (1 person)

20%

$185 inner unit

$173 end unit

$12,680 (2 people)

not
exceeding

$22,200 (1 person)

40%

 

$481 inner unit

$469 end unit

 

$25,360 (2 people)

not
exceeding

$27,750 (1 person)

50%

 

$654 inner unit

$642 end unit

 

$31,700 (2 people)

not
exceeding

$33,300 (1 person)

60%

 

$777 inner unit

$765 end unit

 

$38,040 (2 people)

Your income is based on the following (including, but not limited to):

  • Wages/income
  • Social security/pension
  • Interest on assets

All utilities (except electric) are included in your rent.  Electric is estimated between $104 and $116  per month.  A refundable security deposit is due at lease signing.  Income limits, rents and utility estimates are subject to change. 

That's the Advanced Living Way of Life.

Schwenckfeld Terrace

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