In 2015, there were around ****** assisted living facilities in the United States, a slight rise from recent years. Assisted living facilities are housing facilities to help people with disabilities or those who cannot live independently, perhaps due to age. Assisted living facilities provide appropriate medical care as well as assistance with bathing, dressing, toileting and eating, among other needs.

Costs

As of 2018, the national median monthly rate for an assisted living facility in the United States was ***** U.S. dollars. This was a *** percent increase from the previous year. The state with the highest annual costs for an assisted living facility is Alaska, followed by New Jersey and Hawaii. Medicare does not cover the cost of assisted living facilities forcing many to pay out of pocket. Medicaid may cover some costs of assisted living depending on eligibility.

Residents

Unsurprisingly, most residential care patients are over 85 years old. In fact, less than ** percent of such patients are under 65 years. The most common activities that patients need assistance with include bathing, walking, dressing and toileting. Some of the most common medical conditions patients have been diagnosed with include Alzheimer’s disease or other dementias, heart disease, depression, and diabetes.

In 2020, there were a total of 1.2 million licensed beds in residential care communities* in the United States. These were offered by a total of 30,600 providers. On average, this amounted to roughly 39 beds per assisted living community.

As of 2024, the median cost for a private room in an assisted living facility in the United States amounted to 70,800 U.S. dollars annually. This was a roughly 85 percent increase compared to prices in 2010. By 2030, assisted living residents can expect to pay nearly 84,539 U.S. dollars annually. Not to mention, facilities often have many additional fees, such as one-off entrance fees, fees for medication reminders, fees for more care, etc.

In 2022, there were over one million residents living in residential care communities* on a given day in the United States. This has increased from 818,800 residents in 2020. Of these residents, roughly 67 percent were female in 2022.

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, Skilled Nursing Care Facilities (CES6562310001) from Jan 1990 to Aug 2025 about nursing homes, nursing, health, establishment survey, education, services, employment, and USA.

The U.S. Senior Living Market is anticipated to witness steady growth, with a projected market valuation of 1,302.32 billion by 2033, representing a 4.16% CAGR during the forecast period (2025-2033). The growing elderly population, increasing demand for long-term care services, and favorable government policies are key drivers of this market. The increasing prevalence of chronic diseases among seniors is also fueling the demand for skilled nursing and assisted living facilities. The market is segmented based on facility type, with skilled nursing facilities, assisted living facilities, active adult communities/independent living, and memory care facilities being the major segments. Leading companies in the market include Genesis Healthcare, Brookdale Senior Living Solutions, and Extendicare. The Southeast region is projected to account for the largest market share, owing to the growing elderly population and the presence of a large number of senior living facilities in the region. Strategic initiatives by healthcare service providers to expand their presence and offer specialized services are expected to contribute to the growth of the market in the years to come. Overview: The U.S. senior living market is projected to reach $823 billion by 2030, driven by a growing elderly population and increasing demand for specialized care. Recent developments include: In July 2024, the Centers for Medicare & Medicaid Services announced on July 8 that over 400 participants have joined a new initiative aimed at enhancing dementia care. The Guiding an Improved Dementia Experience Model, which commenced on July 1, aims to alleviate the burden on unpaid caregivers by providing care coordination and management, and respite services. , In May 2024, PACS Group announced its intention to acquire the operations of 53 skilled nursing facilities, as well as assisted and independent living facilities, spread across eight states. This expansion will introduce PACS Group to five new markets across the country. , In September 2023, A Place for Mom unveiled Nursinghomes.com, marking its entry into the nursing home sector as a prominent online referral platform. .

Snapshot img

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?

Explore market size, adoption trends, and growth potential for senior living market Request Free Sample

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

The number of retirement communities businesses in the United States has increased since 2013. In 2024, there were 19,527 businesses active in the retirement communities sector, up from 19,232 businesses in 2023.

Assisted Living Facilities Market Outlook

The global assisted living facilities market size was valued at approximately $250 billion in 2023 and is projected to reach around $450 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is driven by an aging population, increasing prevalence of chronic diseases, and a growing preference for assisted living facilities over traditional nursing homes.

One of the primary growth factors for the assisted living facilities market is the significant increase in the elderly population. As people age, they require more specialized care, which is driving the demand for assisted living facilities. According to the World Health Organization (WHO), the global population aged 60 years and older is expected to total 2 billion by 2050, up from 900 million in 2015. This demographic shift is creating a substantial need for assisted living facilities that offer elderly individuals a combination of personalized care and independence.

Another crucial growth driver is the rising prevalence of chronic diseases and disabilities among the aging population. Conditions such as Alzheimer's, Parkinson's, and other forms of dementia are becoming more common, necessitating specialized care that many seniors cannot receive at home. Assisted living facilities provide a solution by offering medical care and support in a residential setting, which can significantly improve the quality of life for those affected by these conditions. Additionally, advancements in healthcare and medical technologies are enabling these facilities to offer more comprehensive and effective care, further driving market growth.

The increasing awareness and acceptance of assisted living facilities as a viable option for senior care is also contributing to market expansion. There's a growing recognition of the benefits these facilities provide, such as social interaction, recreational activities, and a secure environment, which are essential for the mental and physical well-being of elderly individuals. Moreover, assisted living facilities often offer a range of services tailored to individual needs, from personal care and housekeeping to medical assistance, making them an attractive option for families looking for reliable care solutions for their aging relatives.

Senior Care and Living Services have become an integral part of the assisted living facilities market, addressing the diverse needs of an aging population. These services encompass a wide range of care options, from basic assistance with daily activities to more complex medical and therapeutic support. As the demand for specialized care continues to rise, many facilities are expanding their offerings to include comprehensive senior care services that cater to both the physical and emotional well-being of residents. This holistic approach not only enhances the quality of life for seniors but also provides peace of mind for their families, knowing that their loved ones are receiving the best possible care in a supportive environment.

Regionally, North America holds a dominant position in the assisted living facilities market due to the high prevalence of elderly populations, strong healthcare infrastructure, and favorable government policies. The United States, in particular, is a significant contributor to market revenue, with a large number of established assisted living facilities and ongoing investments in the sector. Europe follows suit, with countries like Germany, France, and the UK showing substantial growth due to similar demographic trends. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by rapid urbanization, increasing disposable incomes, and a growing elderly population in countries like China and Japan.

Service Type Analysis

The service type segment in the assisted living facilities market encompasses personal care, medical care, social activities, meals, housekeeping, and others. Personal care services are essential components of assisted living facilities, as they include assistance with daily activities such as bathing, dressing, grooming, and mobility. The increasing need for personal care is driven by the aging population and the growing number of individuals with disabilities who require day-to-day support. As the baby boomer generation continues to age, the demand for personal care services is anticipated to rise significantly.</p&g

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 29.4 thousand assisted living communities as of 2021. California had the highest amount of assisted living facilities, with 5.9 thousand communities, whereas Wyoming had only 20.

Assisted care was the senior housing segment that grew the most in terms of number of units between 2004 and 2024. The largest not-for-profit senior housing organizations in the United States experienced an average annual growth in the number of assisted care units amounting to 3.1 percent during this period. Nevertheless, independent living was the largest senior housing segment, accounting for about half of the units.

Comprehensive dataset containing 39,209 verified Assisted living facility businesses in United States with complete contact information, ratings, reviews, and location data.

Graph and download economic data for Expenses for Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (ALFFTEEAEEF3623312) from 2013 to 2022 about elderly, assistance, employer firms, establishments, expenditures, and USA.

United States AHE: PW: EH: Assisted Living Facilities for the Elderly data was reported at 22.340 USD in Mar 2025. This records an increase from the previous number of 22.290 USD for Feb 2025. United States AHE: PW: EH: Assisted Living Facilities for the Elderly data is updated monthly, averaging 11.490 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 22.800 USD in Jan 2025 and a record low of 6.810 USD in Feb 1990. United States AHE: PW: EH: Assisted Living Facilities for the Elderly data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers.

As of December 2023, Brookdale Senior Living owned, by far, the most assisted living units in the United States. This senior living provider, based in Brentwood, Tennessee, is also ranked number one in terms of total senior living units: independent living, assisted living, and memory care. Discovery Senior Living in Florida and Sunrise Senior Living in Virginia were second and third on the list and owned 12,853 and 12,151 assisted living units, respectively. Except for Ebenezer Society, all other companies on this list of the 30 largest assisted living providers were pro-profit organizations.

Graph and download economic data for Expenses for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (CCRCAALFFTE516233) from 2013 to 2022 about elderly, community, assistance, retirement, employer firms, establishments, expenditures, and USA.

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 (SMU36000006562330001) from Jan 1990 to Aug 2025 about elderly, nursing homes, assistance, nursing, retirement, health, NY, education, services, employment, and USA.

In 2024, the annual median cost for long-term care in the United States ranged from 26,000 to 127,750 U.S. dollars, depending on the type of service. This significant financial burden highlights the importance of planning for future healthcare needs, as many older adults may face substantial out-of-pocket costs for extended care services. Nursing homes and assisted living facilities Nursing homes represent the most expensive long-term care option, with private rooms costing an estimated 10,646 U.S. dollars per month in 2024. Semi-private rooms are slightly more affordable at 9,277 U.S. dollars monthly. Assisted living facilities offer a less costly alternative, with annual expenses for a private room averaging 70,800 U.S. dollars. However, these costs can vary dramatically by location, with states like Hawaii, Alaska, and Washington D.C. commanding the highest prices for assisted living accommodations. Home care services and future projections For those preferring to receive care at home, the hourly rates for long-term home care services in 2024 were 33 U.S. dollars for homemaker services and 34 U.S. dollars for home health aide services. These costs are expected to rise significantly in the coming decades, with projections suggesting home health aide services could approach 100 U.S. dollars per hour by 2060. The increasing expense of long-term care is evident across all service types, with assisted living facilities experiencing a 10 percent cost increase from 2023 to 2024, while nursing home rates for semi-private and private rooms rose by 7 and 9 percent, respectively.