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The 10 Best Assisted Living Facilities in Lake Placid, FL for 2024

Our comprehensive listings and authentic reviews in Lake Placid, FL below include 11 Assisted Living facilities with 86 reviews. On average in Lake Placid, residents and their loved ones rate Assisted Living options 3.8 out of 5 stars.

To support you in your search, our Family Advisors are standing by to provide you with a free, no-obligation care and budget consultation.

We’ve spent hundreds of hours compiling helpful information below these listings, ranging from assisted living costs statistics of in Lake Placid, to local laws & regulations in the area, to nearby services and programs that can help older adults in the community thrive, and more.

Assisted Living Facilities in Lake Placid, Florida

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What to Consider About Assisted Living in Lake Placid

Lake Placid is known as the Town of Murals for the forty murals painted around the town. It has a sizable senior population, with around 18 percent of residents aged over 65. Lake Placid has three assisted living facilities, and a further nine in nearby communities, including Sebring and Zolfo Springs.

Assisted Living Facilities (ALFs) in Florida are licensed and monitored by the Agency for Health Care Administration. These facilities are designed to provide personal care in a home-like environment and can receive a Standard or Specialty license. Specialty licenses allow facilities to offer limited nursing, limited mental health or extended congregate care.

Benefits and Drawbacks of Assisted Living in Lake Placid

  • Weather in Lake Placid remains warm all year. In summer temperatures hover around 92 degrees and in winter the January low averages 48 degrees. There is generally no snow, although the average rainfall of 47 inches is higher than the national average. Seniors who enjoy the outdoors will like Lake Placid's 255 days of sunshine each year.

  • Lake Placid's cost of living is around 12 percent lower than the national average, although the driving factor of this is the low cost of housing. The cost of health care is on par with the rest of the country, and the cost of groceries and transportation is slightly higher than US averages.

  • Florida has no state income tax, so all income from social security, pensions and retirement accounts remain in your pocket. Sales taxes are close to the national average, but exemptions include groceries and medicines, two large expenses for seniors.

  • The Lake Placid area is home to world-class medical facilities, including Florida Hospital, Lake Placid, in the event of medical emergencies or illness.

  • Community transportation in Lake Placid is organized by MV Transportation Inc and provides door-to-door transportation services to eligible seniors.

  • The overall crime rate in Lake Placid is 50 per 1000 residents, making it one of the highest crime rates in the United States. The violent crime rate is slightly higher than the Florida average, however, property crime occurs at a rate of 45.15 incidents per 1000 residents, which is significantly higher than the Florida average of 26.87.

Paying for Assisted Living in Lake Placid

Assisted Living costs in Lake Placid start around $3,500 per month on average, while the nationwide average cost of assisted living is $4,000 per month, according to the latest figures from Genworth’s Cost of Care Survey.

It’s important to note that assisted living rates in Lake Placid 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.

Cities in Florida

US

$4,000

Lake Wales

$3,635

Lehigh Acres

$3,526

Lake Placid

$3,500

Sebring

$3,495

Arcadia

$2,800

Punta Gorda

$2,681

Financial Assistance for Assisted Living in Lake Placid

Seniors in assisted living facilities in Florida may be eligible for funding through the Medicaid Long Term Care Program or the Assistive Care Services waiver.  Seniors receiving Social Security income may also be eligible to receive the Optional State Supplement.

Learn more about these programs, plus who’s eligible, on our Assisted Living in Florida page.

Financial Assistance in Florida

More Ways to Pay for Assisted Living

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

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

For more information about different ways to finance assisted living, visit our Assisted Living in Florida page.

Free Assisted Living Resources in Lake Placid

Lake Placid and the surrounding area are home to numerous government agencies and non-profit organizations offering help for seniors searching for or currently residing in an assisted living community. These organizations can also provide assistance in a number of other eldercare services such as geriatric care management, elder law advice, estate planning, finding home care and health and wellness programs.

To see a list of free assisted living resources in Lake Placid, please visit our Assisted Living in Florida page.

Assisted Living Laws and Regulations in Lake Placid

Lake Placid-area assisted living communities must adhere to the comprehensive set of state laws and regulations that all assisted living communities in Florida are required to follow. Visit our Assisted Living in Florida page for more information about these laws.

Assisted Living Laws and Regulations in Florida

Reviews of Communities Nearby

Assisted Living

Reba

I am a friend or relative of a current/past resident

Review of Lake Placid Health and Rehabilitation Center

This place is filthy. For a examples: took 3 wet wipes to clean handicap bar in patient bathroom the first few were black!, chewed gum stuck on bed frame. Patient had multiple meds, one for...

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Assisted Living

Jimmy

I am/was a resident of this facility

Review of Balmoral Assisted Living

I'm at Balmoral Assisted Living. It's going to be nice when they're done with the renovations. I just have a studio to myself. They do arts and crafts. They have music. They have church on Sunday....

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Assisted Living

Mary

I am a friend or relative of a current/past resident

Review of Balmoral Assisted Living

Balmoral Assisted Living took my mom, even though mom was not acceptable to them. But they went to visit her a few times in the nursing home that she was in and they couldn't leave her there. So...

Read more

Helpful Articles

Assisted Living near Lake Placid, FL

SebringArcadiaWauchulaLake WalesOkeechobeeLehigh Acres

Other Options in Lake Placid, FL

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Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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