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ElderCareCosts
Updated August 2026

Assisted Living in Panama City, Florida

Panama City, FL has 5 licensed assisted living communities listed on ElderCareCosts. The median estimated cost is $5,437/mo. That's below the Florida state median by about 3%. The typical licensed assisted living provider in Panama City has 50 beds, against 8 statewide.

Not sure which type of care fits? Take our 3-question care quiz →

Median monthly price, Panama City

$5,437/mo

Estimated range $5,107 – $5,905

● Panama City $5,437 ○ National median $6,230

Source: CareScout 2025 survey, adjusted for local wages

See all 5 providers →Compare costs →

What senior care costs in Panama City

2025 figures

Assisted Living cost comparison (2025)
Assisted LivingPanama CityFloridaNational
25th percentile$5,107/mo$5,355/mo$5,488/mo
Median$5,437/mo$5,610/mo$6,230/mo
75th percentile$5,905/mo$6,097/mo$7,083/mo

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Source: CareScout 2025 survey, adjusted for local wages (opens in a new tab)

Staying home instead

Home care in Panama City runs about $31 an hour. Here is what common schedules cost a month:

Hours of careWhat it looks likeEst. monthly cost
20 hrs/weekMornings or afternoons, weekdays~$2,688
44 hrs/weekMost of every weekday$5,913
24/7 (168 hrs/week)Round-the-clock coverage~$22,577

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Medicare generally does not cover long-term custodial care. Families usually combine private pay, long-term care insurance, VA Aid and Attendance, or a Medicaid waiver where they qualify. See paying for care and the state Medicaid guides.

Nearby: Niceville 5,802

What can you afford?

Here is what different monthly budgets cover in Panama City.

Under $2,500/mo

Adult day, family care, or affordable senior housing

Adult day care in Panama City runs about $1,575 a month. Income-restricted affordable senior housing is the other common choice, and Panama City has 2 such properties. The county aging agency at (850) 488-0055 can help you sort through options for free. If money is very tight, ask about Medicaid waivers.
Affordable senior apartments →
$2,500 – $7,000/mo

Part-time home care or entry assisted living

Part-time home care usually falls here. Full-time care at 44 hours a week runs about $5,913 a month. The local assisted living median is $5,437 a month, and smaller homes often charge less. If Medicaid may apply, ask about waiver programs.
Medicaid & waiver paths →
$7,000 – $11,000/mo

Assisted living with room to spare

Covers the Panama City assisted living median of $5,437 a month with room to spare. It also covers close to full-time home care, about $5,913 a month.
How families pay →
Over $11,000/mo

Nursing care or heavy home-care schedules

Nursing homes in Panama City run about $10,024 a month at the median. Around-the-clock home care usually costs more.
How families pay →
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5 assisted living communities in Panama City

What assisted living looks like in Panama City

The typical licensed assisted living provider in Panama City has 50 beds, against 8 across Florida. They range from 20 to 100.

Compare communities side by side
Tick Compare on the ones you like, then continue.
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Free local help worth saving

Panama City, in Bay County, has about 34,979 residents. About 6,220 of them (18%) are 65 or older. The median household income is $62,265.

Source: US Census Bureau

National helplines, including the Eldercare Locator and 211, are listed on paying for care.

Veterans & surviving spouses: VA Aid & Attendance can help wartime veterans who qualify. How Aid & Attendance works →

Questions families ask

Is assisted living in Panama City more expensive than the rest of Florida?

Panama City's median assisted living cost is about 3% lower than the Florida state median.

Find Panama City care options

Tell us what you need and your budget, and we will email you licensed options right away.

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Reading up first? Assisted Living across Florida → · Assisted Living cost across Florida → · Adult Day Care vs Assisted Living →

Touring this week? Print our checklist: what to ask on a tour, what to notice, and the license paperwork to request. Or email it to yourself to have it on your phone.

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Assisted Living in Panama City: 2026 Costs & Licensed Providers