As of the first quarter 2021, there were over ***** senior housing communities in the Southeast region of the United States. This was the region with the most senior housing communities in the country. The Southeast region includes the following U.S. states: Alabama, DC, Florida, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Tennessee, Virginia and West Virginia. Why are southern states so popular among retirees? The southern U.S. states are popular destinations for retirees due to the warm, sunny climate and relatively low crime rates. Average monthly rents for senior housing in that region are on the lower end of the scale, which is another advantage for retirees looking to relocate for their next life stage. The large number of senior housing communities in the region may be a reason for the lower costs. Future of seniors housing in the U.S. The number of Americans aged 65 years and older is forecast to rise until at least 2050, which indicates that demand for seniors housing will also continue to rise. Approximately 17 percent of North American respondents said that they would move into a senior living community in an urban environment if money is not an obstacle when they’re over 80 years old.

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Senior Living Market Size 2025-2029

The senior living market size is forecast to increase by USD 130.9 billion, at a CAGR of 5.8% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 44% growth during the forecast period.
By the Service - Assisted living segment was valued at USD 158.20 billion in 2023
By the Services - Healthcare Services segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 66.60 billion
Market Future Opportunities: USD 130.90 billion 
CAGR : 5.8%
North America: Largest market in 2023

Market Summary

The market is experiencing significant shifts as the global population ages, with the 60+ demographic projected to reach 1.4 billion by 2030. This demographic trend drives the demand for innovative solutions in long-term care, assisted living, and home health services. Technological advances are transforming senior care, with telehealth, mobile apps, and wearable devices enabling remote monitoring and improved care coordination. However, the sector faces challenges such as staffing shortages and workplace demands, with the US projected to have a shortage of 1.2 million healthcare workers by 2030.
Despite these challenges, the market's continuous evolution offers opportunities for growth, particularly in areas like technology integration, personalized care, and community-based services. The market's future lies in addressing the unique needs of an aging population while overcoming workforce challenges.

What will be the Size of the Senior Living Market during the forecast period?

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The market represents a significant and continually evolving sector within the broader healthcare industry. According to recent data, this market experiences a steady growth of approximately 2.5% annually. Furthermore, future projections indicate a continuous expansion, with a projected increase of around 3% per annum. Comparing key numerical data, the senior population aged 65 and above is projected to double by 2050, while the number of senior living facilities is anticipated to grow by nearly 30% between 2020 and 2030. This growth trend is driven by demographic shifts and increasing demand for specialized care and services catering to the elderly population.
In addition, the market encompasses a diverse range of offerings, including assisted living, memory care, and independent living communities. The demand for these services varies, with assisted living experiencing a higher growth rate compared to independent living. This disparity can be attributed to the increasing prevalence of age-related diseases and the need for additional care and support. Despite the growth, challenges remain, including regulatory compliance, risk management, and financial planning. Addressing these challenges requires a multifaceted approach, incorporating elements such as quality assurance, caregiver support, and community engagement. Ultimately, the market represents a dynamic and evolving landscape, presenting both opportunities and challenges for businesses and stakeholders alike.

How is this Senior Living Industry segmented?

The senior living industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Assisted living
  Independent living
  CCRC


Services

  Healthcare Services
  Lifestyle and Wellness Programs
  Dining Services


Technology Integration

  Smart Home Systems
  Health Monitoring Devices
  Safety and Security Systems


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Service Insights

The assisted living segment is estimated to witness significant growth during the forecast period.

The market encompasses a range of services and arrangements designed to cater to the unique needs of aging adults. One significant segment within this market is assisted living, which provides apartment-style dwellings for seniors who require assistance with activities of daily living (ADL), such as bathing, laundry, and medication management. This segment may include specialized memory care units for individuals with cognitive impairments, such as Alzheimer's disease or dementia. These units often feature increased security measures, like extra surveillance equipment and locked doors, due to safety concerns. The number of companies entering this segment is growing, contributing to its expanding presence and potential growth during the forecast period.

Another ess

Assisted Living Waiver (ALW) eligible individuals are those who are enrolled in Medi-Cal and meet the level of care provided in a nursing facility due to their medical needs. Individuals with Medi-Cal benefits that include a share of cost may not enroll in the ALW. This dataset contains the provider number, provider legal name, provider business name, capacity per provider enrollment, provider physical location, provider counties and provider phone number of facilities enrolled in the ALW program. Data as of 1/1/2023

In the United States, there were over **** thousand assisted living communities as of 2021. California had the highest amount of assisted living facilities, with *** thousand communities, whereas Wyoming had only **.

In 2022, around ********** of assisted living residents in the United States were women. It is well-known that women outlive men, and therefore there are more women than men in the elderly population. Yet, the share of female assisted living residents is still higher than in the population, as females account for ** percent of the U.S. population ages 85 years and above.

The data was created by geocoding a list of facility location addresses derived from the Florida Agency for Health Care Administration (ACHA) list and FPL premise list against a composite address locator. Some addresses were matched on address points, parcel centroids while others were placed according to the street centerline address range. Attributes include classification of critical and noncritical infrastructures, premise number, name and location address. The points representing the location of infrastructure in this data is approximate.

· Source: Florida Agency for Health Care Administration (ACHA), Florida Power and Light (FPL)

· Effective Date: 05/2018

· Last Update: 06/2021

· Update Cycle: Quarterly

The United States senior living market, valued at $112.93 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.86% from 2025 to 2033. This expansion is fueled by several key drivers. The aging population, particularly the baby boomer generation, is a significant factor, creating an increasing demand for assisted living, independent living, memory care, and nursing care facilities. Furthermore, rising disposable incomes and increasing awareness of the benefits of senior living communities contribute to market growth. Technological advancements in senior care, such as telehealth and remote monitoring, are also enhancing the quality of life for residents and boosting market appeal. However, the market faces some restraints, including the rising costs of healthcare and senior care services, potentially limiting accessibility for some segments of the population. Furthermore, staffing shortages within the industry represent a significant challenge. The market is segmented by property type, with assisted living, independent living, and memory care facilities representing the largest segments. Key states driving market growth include New York, Illinois, California, North Carolina, and Washington, reflecting higher concentrations of the senior population and higher disposable incomes. Major players in the market such as Ensign Group Inc, Sunrise Senior Living, Brookdale Senior Living Inc, and Atria Senior Living Inc, compete fiercely, driving innovation and service improvements. The forecast period (2025-2033) anticipates continued growth, driven by the ongoing demographic shifts and increased demand for high-quality senior care options. Strategic partnerships, acquisitions, and investments in technology are likely to shape the competitive landscape in the coming years. The industry will continue to adapt to meet the evolving needs of the aging population, focusing on personalized care, innovative technologies, and cost-effective solutions. This comprehensive report provides an in-depth analysis of the booming United States senior living market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this report is an invaluable resource for investors, industry professionals, and anyone seeking to understand the dynamics of this rapidly evolving sector. The report leverages extensive data analysis to provide insightful projections and uncover key trends shaping the future of senior care in the US. Expect detailed breakdowns of key segments, including assisted living, independent living, memory care, and nursing care, across major states like California, New York, Illinois, North Carolina, and Washington. Recent developments include: July 2023: Spring Cypress senior living site expansion is set to open at the end of 2024 and will consist of three phases. The first phase of the expansion will include 19 independent-living, two-bedroom cottages. The second phase will include 24 townhomes. The third phase will feature 95 apartments. The final phase will feature a resort with several luxury amenities., Apr 2023: For seniors looking for innovative, high-quality care, Avista Senior Living is transitioning away from its SafelyYou partnership to empower safer, more personalized dementia care with real-time, AI video and remote clinical experts 24/7.. Key drivers for this market are: 4., Increase in Aging Population Driving the Market4.; Healthcare and Long-term Care Needs Driving the Market. Potential restraints include: 4., High Affordability and Cost of Care Affecting the Market4.; Staffing and Workforce Challenges Affecting the Market. Notable trends are: Senior Housing Witnessing Increased Demand.

The United States Senior Living Market Report is Segmented by Property Type (Assisted Living, Independent Living, Memory Care, Nursing Care), by Business Model (Outright Sale (Freehold), Long-Lease / Rental, Hybrid (Sale + Lease), by Age (55 To 64 Years, 65 To 74 Years, and More), and by States (Texas, California, Florida, New York, Illinois, Rest of US). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for All Employees: Education and Health Services: Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly in Florida (SMU12000006562330001) from Jan 1990 to Aug 2025 about elderly, nursing homes, nursing, assistance, retirement, health, education, FL, services, employment, and USA.

Note: This dataset is no longer being maintained and will not be updated going forward. The weekly and cumulative number of residents with confirmed COVID-19 and with COVID-19 associated deaths is obtained from data self-reported by individual assisted living facilities to the Long Term Care Mutual Aid Plan web-based reporting system (www.mutualaidplan.org/ct). Both confirmed and suspect deaths are included. Confirmed deaths include those among persons who tested positive for COVID-19. Suspected deaths include those among persons with signs and symptoms suggestive of COVID-19 but who did not have a laboratory positive COVID-19 test. Due to differing data collection and processing methods between LTC-MAP and the death data sources used previously, cumulative death data for residents was re-baselined on July 14, 2020. The resident death data before and after July 14, 2020 should not be added due to the differing definitions of COVID-19 associated deaths used and the possibility of duplication of deaths among prior and current data. The cumulative number of deaths among assisted living residents is based upon data reported by the Office of the Chief Medical Examiner. For public health surveillance, COVID-19-associated deaths include persons who tested positive for COVID-19 around the time of death (laboratory-confirmed) and persons whose death certificate lists COVID-19 disease as a cause of death or a significant condition contributing to death (probable). As of 7/15/20 deaths reported by the Office of the Chief Medical Examiner are no longer being updated on a weekly basis.

Every certified Assisted Living Residence submits an annual profile of their residence.

An Assisted Living Program (ALP) provides housing with contracted services for eligible seniors. The contracted services may include health-related care, personal care, and assistance with activities of daily living. Assisted living programs are to provide the housing and services in a homelike environment that encourages family involvement, tenant self-direction, and tenant participation in decisions. A Dementia-Specific Assisted Living Program (ALP/D) is designed to provide specialized care for persons with dementia between Stages 4 and 7 on the Global Deterioration Scale in a dedicated setting. Only programs that are certified by the Health Facilities Division of the Department of Inspections and Appeals may call themselves Assisted Living Programs.

[Metadata] Description: Assisted Living Facilities in the State of Hawaii as of November 2021.

This dataset lists licensed assisted living facilities in Montgomery County, MD. The dataset provides each facility’s address, phone number, and geographic coordinates, as well as the facility’s capacity according to the license issued by the Maryland Department of Health. Updated annually.

Graph and download economic data for All Employees, Nursing and Residential Care Facilities (CEU6562300001) from Jan 1990 to Sep 2025 about nursing homes, nursing, health, establishment survey, education, residential, services, employment, and USA.

In 2022, ** percent of assisted living residents in the United States were white, non-Hispanic. In comparison, according to the U.S. census, white, non-Hispanics made up just **** percent of the population between the ages of 85 and 100 years in 2020.

Certified by the Executive Office of Aging & Independence, Assisted Living Residences (ALRs) are private residences that offer, for a monthly fee, housing, meals, and personal care services to aging adults who live independently.

Graph and download economic data for All Employees: Education and Health Services: Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly in New York (SMU36000006562330001A) from 1990 to 2024 about elderly, nursing homes, nursing, assistance, retirement, health, NY, education, services, employment, and USA.

The Assisted Living Market Report is Segmented by Service Type (Medication Monitoring, Palliative & Hospice Care, and More), Facility Type (Adult Family Homes, Community-Based Residential Facilities, and More, Payment Source (Private Pay and More), Resident Acuity Level (Low-Acuity and More), Assisted-Living Model (Luxury & Lifestyle Communities, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Structured dataset summarizing key statistics cited in the blog 'Best Assisted Living Facility in Mount Pleasant NC,' including U.S. aging population projections, assisted-living staff-to-resident ratios, and outcomes associated with small, home-style care environments.