Assisted Living Communities in Lake Wales, Florida

Assisted living in Lake Wales costs $3,300 per month, $700 below the state average and 26.6% lower than the national median. As such, the city is one of the most affordable places in Florida for retirees. Tampa seniors pay similar fees of $3,350, while those residing in Orlando pay 21% more for the same services. To the west of Lake Wales, North Port assisted living facilities charge $845 less, while on Florida’s east coast, Palm Bay retirees pay an additional 35% each month.

 

Seniors spend an average of $3,300 per month on assisted living in Lake Wales.

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.

At $3,300 per month, assisted living is the most affordable form of senior care in Lake Wales. Costs increase by $1,276 for seniors requiring personal care assistance to live independently at home. Those needing basic medical care in the home, such as wound care and diabetes management, spend 35.7% more than assisted living residents for home health care. Lake Wales seniors requiring round-the-clock medical care and monitoring pay the highest rate of $8,745, a 165% increase on assisted living fees.