Memory Care Communities in Panama City Beach, Florida

Memory Care costs in Panama City Beach start around $4,250 per month on average, while the nationwide average cost of memory care is $5,743 per month.

It’s important to note that memory care rates in Panama City Beach and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.

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.

Located in Florida's panhandle, Panama City Beach has a population of 12,757, and more than 18 percent of these residents are aged 65 and older. Some of these Panama City Beach seniors are part of the 540,000 Florida seniors living with Alzheimer's disease. Living in a memory care facility can offer the services and care that those with Alzheimer's disease and related memory disorders need. Panama City Beach's Bay County is home to three memory care facilities.

Memory care facilities in Florida fall under the category of assisted living facilities, which the Florida Department of Elder Affairs licenses and regulates. Any facility providing care to seniors with Alzheimer's disease and related memory disorders must undergo additional training established by the University of South Florida's Training Academy on Aging.

• Cost of living in Panama City Beach is higher than the national average. On a scale where 100 represents the national average, the cost of living in Panama City Beach is 111.1. Housing, utility, and transportation costs are higher than average. Families may want to consider the cost of living when budgeting for a memory care facility.
  
• Living in Panama City Beach offers some tax advantages for seniors. Florida doesn't have a state income tax. In addition, it does not tax social security income, which may offer savings for retirees.
  
• In addition to its coastal location, Panama City delivers year-round moderate temperatures. Winter low temperatures hit the upper 40s, and summer high temperatures exceed 90 degrees. Panama City Beach sees more sunnier days than the national average but more rain as well. Retirees can avoid the snow in the Florida panhandle.
  
• Crime may be a concern in Panama City Beach. Both violent crime and property crime rates are above the national average. Seniors and their families may want to ask about security measures, including exterior lighting and security gates, at memory care facilities.