Set along Florida’s Emerald Coast, Panama City is a small community of only 34,045 people, where 18.3% of residents are retirees aged 65 and older. Seniors enjoy a lower cost of living than in other parts of Florida, which is coupled with the state’s excellent climate and 0 income tax.
Assisted living facilities are a type of residential care for seniors. Assisted living is suitable for older adults who need help with some areas of daily living but wish to maintain as much of their independence as possible. Communities usually include services such as housekeeping and provide residents with meals. Care services can be personalized, and many facilities provide a calendar of fun social events, and access to a library and a computer room. The average cost for this type of care in Panama City is $5,081 each month, per Genworth’s Cost of Care 2020 Survey.
This guide considers Panama City as an option for seniors who are looking into assisted living in the area and provides a cost comparison with other state regions. It also lists a number of helpful resources for older residents.