Memory Care Communities in Boynton Beach, Florida

While local care costs are more than $400 higher than the state median, Boynton Beach is an affordable option compared to the average American city ($5,625). Other communities along the Treasure Coast see lower care costs, including Port St. Lucie, where rates are $777 less. Palm Bay is even more affordable. Its average rates are nearly $1,200 below those in Boynton Beach. Costs in Cape Coral are similar to those in Boynton Beach ($5,418), while Naples is more expensive at $6,625.

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we’ve estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth’s 2021 Cost of Care Survey.

Seniors in Boynton Beach typically pay $5,481 per month for memory care.

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

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

For more information about different ways to finance memory care, visit our Memory Care in Florida page.

Seniors who only require the part-time assistance of adult day care pay nearly $4,000 less than those who need memory care. In-home care, which allows seniors to age in place, is over $1,200 less than memory care. Home health care is another home-based care option, though it’s a little more expensive at $4,385 per month, as is assisted living. The highest level of care is offered at nursing homes, where starting rates are over $3,500 more expensive than memory care.

Florida’s Agency for Health Care Administration’s Bureau of Health Facility Regulation is responsible for the licensing and regulation of all long-term care facilities in the state, including memory care communities. Facilities in Boynton Beach must pass an inspection prior to licensure, followed by subsequent inspections every two years to ensure they are following the established state and federal regulations.

• One of the area’s most desirable features is its sunny, year-round climate. Seniors can look forward to snow-free winters with temperatures above 57 degrees. Summer temperatures can reach 90 degrees, which is quite typical for Florida. While the area can see stormy weather during hurricane season, it still offers 230 days of sunshine each year.
• Seniors may notice that living costs are high in Boynton Beach compared to other Florida cities. Compared to the U.S. average of 100, the city’s cost of living index rating is 110.4, which is about 7% higher than the state median of 103.1. This is largely due to the city’s housing, transportation and grocery costs.
• Fortunately, the state’s senior-friendly tax policies may help offset these costs. Florida has no state income tax, so all forms of retirement income, including pensions, Social Security benefits, IRAs and 401(k)s, are exempt from taxation. There is also no estate tax or inheritance tax in the state.
• Crime rates in Boynton Beach are quite high. On a scale from 1 to 100, the city scores an index rating of 38 for violent crime, which is higher than the U.S. average of 22.7. In terms of property-based offenses, Boynton Beach receives a rating of 60, which is significantly higher than the national median of 35.4. Seniors living in memory care facilities can have peace of mind knowing that the communities are generally outfitted with enhanced security features and follow strict safety precautions.
• Boynton Beach has plenty of resources to serve seniors’ health needs. The city has 254 physicians per 100,000 residents, which is higher than the U.S. average of 210. In the event of illness or injury, seniors have access to both Bethesda Hospital West and Bethesda Hospital East, which was named as one of the top 100 hospitals in America for its specialty care.