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Page Reviewed / Updated – September 30, 2022
Palm Bay is located on Florida’s Atlantic coast, roughly an hour south of Cape Canaveral. It’s one of the less expensive options for those considering Florida as a retirement location, with an overall cost of living roughly 10% under the national average and 13% under the state average. Palm Bay’s housing prices are particularly low at 23% under the U.S. average, and Florida does not collect an income tax on residents. According to data from the Genworth Financial 2021 Cost of Care Survey, the average monthly cost of assisted living care in Palm Bay is $4,461, slightly under the national average cost.
In addition to providing a list of the best assisted living facilities in Palm Bay, FL, this guide provides an overview of the cost of assisted living in Palm Bay, as well as average costs for other types of care. Additionally, find a list of free and low-cost services that provide seniors with a variety of assistance in their communities.
The Cost of Assisted Living in Palm Bay, FL
At an average of $4,461, the monthly cost of assisted living in Palm Bay is lower than the national average of $4,500 but higher than the state average of $4,000. One of the state’s lowest average prices for assisted living is in Gainesville, at $2,350; Tampa is also relatively low at $3,350. State capital Tallahassee reports an average price of $4,650. One of Florida’s highest reported costs, $5,300, is found in Naples.
- Palm Bay: $4,461
- Florida: $4,000
- United States: $4,500
- Gainesville: $2,350
- Naples: $5,300
- Tallahassee: $4,650
- Tampa: $3,350
The Cost of Other Types of Care in Palm Bay, FL
Seniors who require around-the-clock supervision generally find nursing homes to be the best fit for their needs. The average semi-private room in a nursing home costs $9,688 a month, and a private room costs $10,600. Both in-home care and home health care average $4,767 a month, making aging in place more expensive than moving into an assisted living community. The least expensive option, adult day health care, averages $1,408 a month, but offers services only during weekday hours and is most often used in conjunction with other types of care.
- Assisted Living Facility: $4,461
- In-Home Care: $4,767
- Home Health Care: $4,767
- Adult Day Health Care: $1,408
- Nursing Home Facility (semi-private room): $9,688
- Nursing Home Facility (private room): $10,600