Memory Care Communities in Coconut Creek, Florida

Coconut Creek seniors pay a monthly midrange rate of $5,481 for memory care, which runs high versus Florida’s norm of $5,000 but offers affordability compared to the national median of $5,625. By comparison, fees in Port St. Lucie run about $780 lower than in Coconut Creek, and in Sebring, rates compare favorably to the local median at approximately $4,295. On the other hand, Coconut Creek has budget-friendly care compared to facilities in Naples, where residents pay around $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.

In Coconut Creek, memory care residents pay a baseline rate of $5,481 for 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.

Memory care ranks among the costliest senior care solutions in Coconut Creek, with residents paying approximately $5,481 for services. Although this runs about $3,540 below the cost of nursing home placement, which serves those who need around-the-clock medical support, other alternatives typically cost less. For example, seniors pay $4,385 for assisted living, which includes non specialized residential personal care services, and home health care, which features private skilled nursing in the individual’s home. In-home care, which includes private nonmedical personal care, costs about $1,290 less than memory care, and seniors who attend adult day health care pay even lower rates of approximately $1,517 for daytime services in a community environment.

All memory care facilities in Coconut Creek comply with the Florida Agency for HealthCare Administration’s rules for the minimum number of residents they accommodate and the scope of services they provide. The department also sets operating rules related to security, housing, meals and recreation to promote a high standard of care.

 

• Summers in Coconut Creek run long, spanning early June through late September, and they bring daytime temperatures between 87 and 90 degrees Fahrenheit. Residents experience noticeable humidity throughout most of the year, with muggy conditions virtually 100% of the time during the summer months. Winters bring more pleasant weather with temperatures between 75 and 78 degrees Fahrenheit, providing time for therapeutic outdoor activities.

 

• Broward County, where Coconut Creek sits, comes in 13th out of Florida’s 67 ranked counties for general health. The community has one primary care provider for every 1,340 residents, beating the state rate of 1,380, and comparatively high access to mental health care providers may help seniors and families navigate the emotional challenges related to dementia diagnoses.

 

• Compared to the nation as a whole, Coconut Creek’s cost of living runs 15% higher than the norm, impacting affordability for prospective memory care residents. Fortunately, the Medicaid Managed Care Long-Term Care Program provides financial assistance for memory care residents who meet qualifications.

 

• On a total crime index, Coconut Creek scores 43 out of 100 points, meaning its crime rate runs lower than 43% of U.S. communities. Violent crime occurs at a rate of about one incident per 1,000 residents compared to four incidents nationally and 2.59 in Florida. Additionally, property crime occurs less here than in a typical U.S. city at a frequency of 10.32 versus 20.00 nationally and 15.66 statewide. In neighborhoods such as Winston Park and Banyan Trails, rates run even lower, providing safe options for memory care.

 

• Coconut Creek seniors only pay income taxes at the federal level due to Florida’s lack of state income taxes, promoting affordability for those seeking local memory care accommodations. Additionally, the sales tax rate aligns with the national norm, but the state exempts food and medications.