Miami, FL Senior Living

Senior living in Miami What can be said about Florida’s iconic fashion, beauty and beach capital that hasn’t already been said? Miami is unquestionably Florida’s gleaming star thanks to its contrasting mix of young beach babes and aging starlets, Art Deco and modern architecture, vintage Cuban cuisine amid trendy gourmet restaurants. Yes, this city truly has something for everyone, and at any age.

Thanks to its diversity and vibrant atmosphere, senior living in Miami is probably one of the most sought after retirement destinations, mainly due to its beautiful white beaches. True, Florida has a lot of lovely beaches, but it's the boardwalks lined with boutique shopping, bustling eateries and an endless supply of cultural events, that make Miami senior living an idyllic, yet distinct retirement destination. Especially welcoming to seniors, Miami is the it place to hang your retirement hat and pick up those roller blades!

Population

The most recent US census reports that Miami has a population of 408,750 and seniors aged 65 or over make up almost 14.2% of the total population.

Cost of Living

While the city may be considered just about perfect for retirement, it doesn’t come cheap. In fact, Miami's cost of living is 8.40% higher than the national average. However, there is no state income tax in Florida, which makes this area reasonably affordable.

Home Prices

While real estate prices in Florida run the gamut between really cheap and extremely expensive, Miami’s housing prices are on par for what the area has to offer. According to Best Places, the average home cost in Miami is $190,600.

Miami Assisted Living Costs

While senior living costs tend to vary greatly depending on location and amenities, Miami assisted living is a tad on the pricey side. The average cost of assisted living in Miami, FL is $2,125 per month, according to Genworth Data.

Crime Rate

While Miami is generally considered a safe town, it does have a few shady areas, which unfortunately account for the city’s high crime rate, which is 33% higher than the Florida average. While most assisted living facilities provide quality security for their residents, it’s always recommendable to thoroughly investigate a neighbourhood before making it your home.

Medical Facilities

Seniors living in Miami have a wide array of medical centers to choose from. The closest hospital is the University of Miami, Jackson Memorial Hospital which is nationally ranked for 9 specialties and high performing in 8.