Memory Care Communities in Sarasota, FL

At $5,181 per month, Sarasota is slightly more expensive than the Florida state average of $5,000 per month but more affordable than the national median of $5,625 per month. Nearby in Tampa, memory care is around $1,000 cheaper per month at $4,187. Cape Coral Area and Miami are both more expensive than Sarasota at $5,417 and $5,481 per month. At $6,625, Naples is the most expensive city in the state for memory care. 

According to the Genworth Cost of Care Survey, the average cost of memory care in Sarasota is $5,181 per month. The average cost of memory care is 20-30% more than assisted living care and it is often offered as an extra service at Assisted Living Facilities. Therefore the following memory care figures have been calculated by adding 25% to the assisted living figures. 

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.

For seniors in Sarasota, there are a variety of other long-term care options available. At $2,080, Adult Day Health Care is the most affordable option for seniors who only require assistance during the weekdays. For those who prefer to stay in the comfort of their own home, there are homemaker services and home health aides available, both for an average of $5,720 per month. There are also nursing homes, which provide 24/7 medical care and cost on average $9,490 per month for a semi-private room and $10,615 for a private room. 

In Florida, memory care facilities are overseen by The Long Term Care Services Unit, which is within the Division of Health Quality Assurance for The Agency for Health Care Administration. It is in charge of licensing, certifying and regulating various health care providers and long-term care providers, including memory care facilities and ensuring they comply with the laws and regulations. 

• Sarasota enjoys a beautiful year-round climate, with 251 sunny days per year. It has hot humid summers and warm, dry winters. Summers can get uncomfortably hot on some days, but July typically has highs of 91°F. Winter is very pleasant, with it rarely going below 51°F, perfect for staying active out in the sun. 
• The crime rate in Sarasota is relatively high. When it comes to violent crime, your chances of being a victim are 1 in 156 in Sarasota compared to 1 in 258 in Florida. For property crime, the chances are 1 in 33 compared to 1 in 56 across the state. Despite having higher than average crime rates, memory care facilities put measures in place to increase security, such as having securely gated communities with 24/7 surveillance.
• Sarasota has great health care facilities, including Sarasota Memorial Health Care, which has been recognized as one of the nation’s biggest and best hospitals. The hospital has also received a NICHE (Nurses Improving Care for Healthsystem Elders), a special award for hospitals that implement special interventions and initiatives that promote excellent outcomes in senior citizens. 
• Florida is one of the most tax-friendly states to live in for seniors, with no state income tax, meaning Social Security retirement benefits, incomes from both public and private pensions are all untaxed. There is also no estate or inheritance tax, and the rates of property and sales tax are close to national levels. 
• The city has some public transport available for residents. Sarasota County Area Transit operates 14 bus routes. For seniors aged 65 and older, there is a 50% discount on fixed-route fares. Although many parts of the city are accessible by bus, for memory-impaired seniors, getting private transportation can be a more comfortable option. Most memory care facilities offer scheduled transportation to medical appointments. There are also other companies that offer specialized transportation for seniors.