Here are some key statistics and insights about assisted living facilities in Florida:
- Number of Facilities: There are approximately 2,359 licensed assisted living communities in Florida, serving the state’s large senior population
- Occupancy Rates: The average occupancy rate for these facilities in Florida is 85%, slightly higher than the national average of 84.2%
- Common Resident Conditions:
- 47% of residents have Alzheimer’s disease or dementia.
- 45% have high blood pressure.
- 30% suffer from heart disease.
- 28% deal with depression
- Length of Stay: Most residents stay in assisted living for 2-3 years (40%), with shorter stays of less than a year for about 20% of residents
- Cost of Assisted Living:
- The average monthly cost for assisted living in Florida is around $4,000 but varies by city.
- Miami: $3,700/month
- Tampa: $3,100/month
- Orlando: $4,000/month
- Jacksonville: $4,580/month
- Tallahassee: $4,339/month.
- The average monthly cost for assisted living in Florida is around $4,000 but varies by city.
- Projected Demand: With Florida’s senior population growing rapidly—adding about 250,000 residents annually—the demand for assisted living services is expected to increase significantly. By 2030, 57% of these new residents will be aged 60 and older
- Regulatory Environment: Facilities must adhere to evolving standards for staffing, training, emergency preparedness, and care customization
For more information, you can explore these resources on assisted living in Florida:
Genworth’s Cost of Care Survey provides detailed insights into the increasing costs of long-term care services. In 2023, the national median cost for assisted living rose by 1.4% from 2022, reaching $64,200 per year (approximately $5,350 per month)
This figure varies by state, with Mississippi being the least expensive at around $3,800 monthly, while the District of Columbia topped the list at $9,563 monthly
The cost increases in assisted living are largely driven by inflation and workforce shortages
From 2021 to 2023, the cumulative rise in assisted living costs reached 18.9%
For comparison, the survey also reported that:
- Home health aides had a national median annual cost of $75,500 (a 10% increase).
- A semi-private room in a skilled nursing facility averaged $104,000 annually, while a private room averaged $116,800
These statistics highlight the importance of planning for long-term care expenses. For more information, you can explore the full Genworth Cost of Care Survey here