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The 5 Best Assisted Living Facilities in Panama City, FL for 2024

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.

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Assisted Living Facilities in Panama City, Florida

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What to Consider About Assisted Living in Panama City

Assisted living facilities in Panama City must comply with the robust set of laws created by Florida’s Long Term Care Services Division, a department of the state’s Agency for Healthcare Administration.

Benefits and Drawbacks of Assisted Living in Panama City

  • Tax laws in the state of Florida are advantageous for senior residents. In addition to the state’s lack of individual income tax, older adults in Panama city can also save with the Homestead exemption.
  • Generally speaking, the cost of living in Panama City is lower than in other parts of Florida and below the national average. Residents spend less on transportation, health care and groceries. 
  • Seniors in the city enjoy the Sunshine State’s typical hot climate. The city sees around 237 days of sunshine every year, which is well above the national average of 205. Winters in the city are mild and it never snows. 
  • Crime rates in the city are significantly higher than in other parts of the country. However, seniors don’t necessarily need to feel unsafe as assisted living communities take resident security seriously. 
  • The city’s air quality level is ranked at 65, which is seven points higher than the national median of 58. Breathing in cleaner air can reduce the risk of developing respiratory disease. 
  • Panama City residents pay slightly less for health care than the average American. There are several hospitals serving the community, including the HCA Florida Gulf Coast Hospital and the Ascension Sacred Heart Bay. 
  • For seniors who don’t live on the public transportation routes, the County’s Public Transit System provides on-demand bus service.

Paying for Assisted Living in Panama City

Assisted living communities in Panama City charge, on average, $5,081 each month. The city’s rates for this type of care are substantially higher than Florida’s state average of $4,000 and $581 above the national median. 

The Cost of Assisted Living in Nearby Cities

Panama City has the highest assisted living rates in the north of Florida, with only Crestview ($4,924) being in a similar price range. Prices in Tallahassee at $4,650 and Jacksonville at $4,660 per month are lower than in Panama City by at least $500. In the northwestern city of Pensacola assisted living facilities cost $758 less than in Panama City. 

Panama City

$5,081

Florida

$4,000

United States

$4,500

Pensacola

$4,323

Crestview

$4,924

Tallahassee

$4,650

Jacksonville

$4,660

The Cost of Other Types of Senior Care

Opting to receive care from home or a home care provider in Panama City might be a more convenient and cheaper option for older adults, as these services cost around $4,767 monthly. Nursing homes are also a type of residential care, but they provide round-the-clock services for frail seniors, and the average rate of $8,629 is significantly higher. 

In-Home Care

$4,767

Home Health Care

$4,767

Assisted Living Facility

$5,081

Nursing Home Facility (semiprivate room)

$8,629

Financial Assistance for Assisted Living in Panama City

Seniors who require financial assistance for AFLs within Florida and Panama City may be eligible for assistance through the Statewide Managed Medicaid Care Long-Term Care program. The Option State Supplement (OSS) is also available. Both of these financial assistance programs as designed for low-income individuals living in residential care facilities.  

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 Panama City

Older Panama City residents can receive an array of helpful services from government and nonprofit agencies. Some of these resources are aimed at seniors who live in assisted living units, while others may help them locate suitable care facilities. 

ResourceContactService
Bay County Council on Aging(850) 769-3468This is the regional Area Agency on Aging serving older adults in Panama City. Seniors may benefit from a range of programs including information and referral to local resources and access to health and wellbeing classes such as A Matter of Balance. The agency also manages several senior centers where people can socialize with peers and participate in fun activities.
The Serving Health Insurance Needs of Elders Program(800) 963-5337SHINE is Florida’s health insurance counseling service for older adults. Callers can speak to trained counselors and get free and impartial advice about their health insurance options. Counselors are not authorized to sell any insurance packages, so their advice is free from bias. Seniors can receive help understanding complex topics related to Medicare and Medicaid.
Florida Long-Term Care Ombudsman Program(850) 414-2323Assisted living residents who need to learn about their rights and report concerns about the care they’re receiving can contact the Ombudsman program. Trained volunteers can investigate and resolve complaints, conduct regular visits to residential care units to ensure they are operating according to state standards, and advocate on behalf of residents.
The Senior Legal Helpline(888) 895-7873The senior legal helpline is a free service for lower-income older Florida residents. Seniors can speak to an attorney or a paralegal about any civil matters they are facing. Callers may receive limited legal services and, in some cases, be referred to local lawyers in the community.
Bay County Veterans Services(850) 248-8280Senior veterans and their family members can receive assistance from the county’s Veterans Services Office. Older adults can get help applying for state and federal benefit programs and accessing VA health care.

Assisted Living Laws and Regulations in Panama City

Panama City Assisted Living Communities must adhere to the comprehensive set of state laws and regulations that all Assisted Living Facilities 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

Debbie

I visited this facility

Review of Brookdale Panama City

I loved Brookdale Panama City a lot. The tour experience was good. The living space was nice for assisted living. It had a little living room, a kitchenette, and a nice courtyard. The staff was all...

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Assisted Living

ReviewerFC100823A

I visited this facility

Review of Brookdale Panama City

Brookdale Panama City was a good one. I liked it except they had to keep the front door locked because of the area they were in. They had to put a code in too, and only the staff knew the code. So,...

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Assisted Living

Catherine

I visited this facility

Review of Brookdale Panama City

My mother-in-law will be moving to Brookdale Panama City. We chose it because it was close to family and it was clean and secure. It was just what we were looking for actually. The room that we...

Read more

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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

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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