Assisted Living Communities in Cape Coral, Florida

According to the 2024 Genworth Cost of Care Survey, assisted living residents in Cape Coral see monthly expenses of around $5,675. This rate runs high compared to regional norms, with seniors paying around $1,100 less for residential care in Sebring and over $1,950 less on care in Punta Gorda. Similarly, the local rate surpasses Florida’s median of $4,750 and the U.S. baseline of $5,350.

When trying to decide how to pay for assisted living, one of the first questions that comes up is "How much does it cost?" With the impact of inflation, it's more important than ever to have up-to-date information when making a financial plan for senior living. To help shed light on real senior living prices, Caring.com has compiled proprietary cost data from its network of more than 75,000 senior living providers to provide insight into the average cost of assisted living in Cape Coral and 133 other cities in Florida.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Florida page.

Compared to other long-term care solutions in Cape Coral, assisted living features moderate rates of approximately $5,675. This fares comparably to the cost of in-home care, which comes in near $5,720. However, it indicates a considerable increase over adult day health care fees of close to $867. Even so, assisted living costs less than home health care and nursing home care, which trend near $6,292 and $10,053, respectively.

The Bureau of Health Facility Regulation is the office of the Agency of Health Care Administration which oversees the licensing of assisted living facilities in Cape Coral and throughout the state of Florida. This office issues licenses and undertakes regular site visits to ensure that facilities are complying with state rules and regulations. 

• The cost of living in Cape Coral is 4% lower than the national average. This gives seniors extra money to spend on enjoying a comfortable retirement and partaking in activities in the area. 
• Cape Coral receives an average of 265 days of sunshine each year. It does receive over 53 inches of rain on an annual basis with a summer high of around 92 degrees. The area can be very hot and humid, so seniors will have to budget for additional cooling costs in the summer, but the winters are very mild. 
• Cape Coral has a crime rate that is 49% below the national average. Seniors should feel very safe living in the city. Those who are worried can be assured that most assisted living communities provide gated access and security systems. 
• The city is home to three highly rated hospitals. Seniors living in Cape Coral have easy access to medical services at Gulf Coast Medical Center, Cape Coral Hospital and Lee Memorial Hospital. 
• Florida is very tax-friendly for retirees. It has no state income tax which means that Social Security benefits and retirement income are all untaxed. The state has no estate or inheritance tax. Property and sales taxes are similar to national levels. 
• Seniors living in Cape Coral will have plenty to do. The area is known for its 400 miles of canals, sandy beaches, golf courses and natural preserves. Those who enjoy dining out will find a number of excellent restaurants in the city.