Memory Care Communities in Margate, FL

Memory care residents in Margate expect to pay approximately $5,481 per month for specialized services, which surpasses the state’s median rate by $481 but offers about $145 in savings over the national norm. Several cities in the region have comparatively economically priced care, including Port St. Lucie and Sebring, where residents pay baseline rates of $4,704 and $4,295, respectively. However, facilities in Margate offer more affordable care than facilities in Naples, where the typical rate comes in at $6,625.

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we've estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth's 2021 Cost of Care Survey.

In Margate, the baseline rate for local memory care services comes in at $5,481.

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.

Margate seniors pay approximately $5,481 for memory care, which runs high compared to most senior care options in the city. For example, home health care agencies, which provide skilled nursing services in the individuals’ home, and assisted living facilities, which offer nonspecialized residential care, charge around $1,096 less per month for services. Additionally, seniors who live at home and schedule nonmedical custodial services pay $4,195 for in-home care, and those who rely on adult day health care facilities for daily assistance in a community setting pay $1,517. In contrast, memory care costs about $3,540 less than nursing home care, which accommodates older adults who need 24-hour medical support.

Memory care communities in Margate obtain licensing and support through the  Florida Agency for Health Care Administration, which provides oversight and sets minimum operating standards. This department publishes rules related to minimum staffing and staff training requirements, dementia-specific services and the scope of care facilities must provide. It also investigates reports of abuse or neglect.

 

• Margate’s summers bring hot, muggy conditions with daytime highs between 87 and 90 degrees Fahrenheit. This season, which lasts from late May through late September, has cloudy skies about 67% of the time and an average of 83 days with precipitation. The winters have milder conditions, however, with minimal noticeable humidity and daytime temperatures between 75 and 78 degrees, accommodating memory care residents who enjoy therapeutic outdoor activities.  

 

• Compared to the rest of Florida, Broward County, where Margate sits, ranks in the 50-75th percentile for health factors and 75-100th percentile for health outcomes, and it comes in 13th place out of 67 counties for general health. The average life expectancy in this community outshines state and national norms at 80.9 years, and the county has one physician per 1,340 residents, along with one non-physician primary care provider per 710 residents, promoting prompt access to dementia-informed medical care.

 

• Living expenses in Margate trend about 15% above the national norm, mainly due to high housing, health care and transportation costs. While this can drive up the cost of memory care services, the state funds programs such as the Medicaid Managed Care Long-Term Care Program to promote affordability for those seeking residential dementia care.

 

• Crime occurs less frequently in Margate than in 52% of Florida cities and 43% of cities nationwide, with the city reporting about one violent crime and ten property-related offenses per 1,000 people each year. Additionally, the crime rate runs noticeably lower than other cities with comparable population sizes, which may make the city a viable option for those who prioritize safety in their search for memory care.

 

• Since Florida doesn’t have its own state income tax, seniors hold on to more of their retirement income than in most other states. This, along with the sales tax exemption for food and medications, may make Margate an economical option for those seeking memory care services.