Are you or your loved ones considering shifting to Stuart, Florida? After all, Stuart, Florida is a beautiful city with a great community to spend your days in. With that said, you or your loved ones might be worried about expenses and the cost of living. Is it too expensive? Will you be able to spend your days comfortably there?
These are some common questions that are likely to plague you or your loved ones’ minds. Not to worry, this article will clear all the doubts about Stuart, Florida.
What is Stuart Florida?
Before we dive further into the cost of living and other expenses-related questions, let us first look at the beautiful city of Stuart, Florida. Stuart, Florida is a charming city situated on Florida’s renowned Treasure Coast, specifically, it is located between Vero Beach and Palm Beach.
In fact, Stuart is also sometimes dubbed the “Sailfish Capital of the World,” for the numerous fishing and water-intensive activities located in this city. But apart from that, Stuart is also well-loved for its pedestrian-friendly downtown and historic scenes. Stuart, Florida also has a population of approximately 16,848. To sum it up, Stuart, Florida is a beautiful city to visit and live in.
What is the Cost of Living in Stuart Florida?
So, what is the cost of living in Stuart, Florida? The cost of living in this beautiful town is slightly cheaper than the national average cost of living – a surprising change from Florida’s higher cost of living. According to the best places’ cost of living indices, Stuart scored 99.5 while the national average is slightly higher at 100, and Florida’s average cost of living is much higher at 103.1 (a lower score indicates a cheaper cost of living).
To be specific, you can enjoy cheaper utilities and transportation costs. According to the best places’ cost of living indices, Stuart scored 94.9 for utilities while Florida’s average cost of living for utilities is higher at 101.3.
Similarly, Stuart scored 90 for transportation while Florida’s average cost of living for transportation is much higher at 112.6. At the same time, Stuart, Florida has a typical household income of $53,829 and a median home value of $121,429.
What is the Average Cost for Assisted Living Communities?
Talking about the cost of living, one has to talk about the average cost for assisted living communities as well. After all, assisted living communities are extremely beneficial, and can provide you or your loved ones with the best retirement experience.
With that said, in Stuart, the cost of assisted living communities is around $3,500 per month. This amount is less than what is charged for assisted living in places like Orlando and Naples, where monthly costs can reach an alarming $4,000 per month. As a result, Stuart might be a more affordable choice for you or your loved ones should you be looking for assisted living care in Florida.
What is the Average Cost for Memory Care Communities?
Apart from assisted living communities, what about memory care communities? What about the assistance tailored for those with dementia or memory loss? The monthly average price for memory care in Stuart is $6,301. And unfortunately, this is more than the $5,200 national median cost for memory care communities.
