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 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.

Operators in this industry provide a range of residential and personal care services for the elderly and other persons who are unable to fully care for themselves, or those that do not care to live independently.

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.

Graph and download economic data for All Employees, Nursing and Residential Care Facilities (CES6562300001) from Jan 1990 to Jun 2025 about nursing homes, nursing, health, establishment survey, residential, education, services, employment, and USA.

The United States Senior Living Market Report Covers Segmentation by Property Type (Assisted Living, Independent Living, Memory Care, Nursing Care, And Other Property Types) and Key States (New York, Illinois, California, North Carolina, Washington, And the Rest of the United States). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

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

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.

The market is experiencing significant growth and transformation, driven primarily by the aging baby boomer population. This demographic cohort, the largest in history, is entering the age bracket requiring senior living solutions. The increasing prevalence of age-related health issues necessitates specialized care and accommodation, creating a burgeoning demand for senior living facilities. However, this market is not without challenges. Technological advances in long-term healthcare are transforming the senior living landscape, necessitating significant investments in infrastructure and staff training. These advancements include telehealth, remote monitoring, and automated systems, which aim to enhance care quality and efficiency.
Moreover, staffing and workplace challenges persist as the senior living industry grapples with attracting and retaining skilled workers. The physical and emotional demands of caregiving, coupled with low wages and long hours, make it a challenging profession. Addressing these staffing issues through competitive compensation, benefits, and training programs is crucial for providers seeking to maintain high-quality care and operational excellence.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Community outings remain a crucial aspect of senior living, providing opportunities for social engagement and enrichment. Nursing homes and residential care facilities offer essential services for those requiring round-the-clock care, while continuing care communities cater to the diverse needs of seniors as they age. Senior living communities, including those specializing in Alzheimer's care and memory care, prioritize resident safety through rigorous regulatory compliance and advanced health information technology. Personal care and rehabilitation services help seniors maintain their independence and improve their quality of life. Capital expenditures for skilled nursing and retirement homes remain a significant focus, with ongoing investments in caregiver training, emergency response systems, and electronic health records.

Long-term care insurance plays a vital role in financing these services, ensuring seniors receive the care they need. Life enrichment programs, such as fitness centers, wellness programs, and volunteer opportunities, promote overall well-being and help seniors stay active and engaged. Continuous innovation in areas like smart homes, universal design, and hospice care further enhances the senior living experience. Operating costs, including staffing ratios, medication management, and infection control, are critical considerations for senior living providers. Ongoing regulatory compliance and the integration of technology help mitigate these costs while maintaining high-quality care. In the ever-changing senior living landscape, providers must remain agile and adapt to the evolving needs of their residents.

From independent living to post-acute care, the focus remains on enhancing the quality of life for seniors through personalized care, community engagement, and ongoing innovation.

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.

Assisted living arrangements provide apartment-style dwellings for aging adults who require assistance with activities of daily living, such as bathing, doing laundry, and managing medications. These communities offer various levels of care, including memory care units for individuals with cognitive impairments, which may include increased security measures and restricted kitchen access for safety reasons. The demand for specialized memory care units is growing as the population ages and the prevalence of conditions l

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.

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. .

Graph and download economic data for Revenue for Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (ALFFTERAEEF2623312) from 2013 to 2022 about elderly, assistance, employer firms, revenue, establishments, and USA.

The U.S. assisted living facility market size was valued at USD 97.60 billion in 2022 and is expected to reach USD 133.42 billion by 2028, growing at a CAGR of 5.35%.

Snapshot img

US Senior Living Market Size 2025-2029

The senior living market in US size is forecast to increase by USD 30.58 billion at a CAGR of 5.9% between 2024 and 2029.

The senior living market is experiencing significant growth due to various driving factors. One of the primary factors is the aging population, as the number of seniors continues to increase, the demand for services is also rising. Another key trend is the integration of technology into senior living facilities, which enhances the quality of care and improves the overall living experience for seniors. Innovations in artificial intelligence, data analytics, predictive modeling, and personalized care plans are disrupting traditional care models and improving overall financial sustainability through cost containment and value-based care. However, affordability remains a challenge for many seniors and their families, as the cost of services can be prohibitive. This report provides a comprehensive analysis of these factors and more, offering insights into the current state and future direction of the market.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a range of services designed to address the unique needs of an aging population, including long-term care, end-of-life care, palliative care, hospice care, respite care, adult day care, home health services, geriatric care, and various forms of cognitive and behavioral health support. This market is driven by demographic trends, with the global population of individuals aged 65 and above projected to reach 1.5 billion by 2050. 


Key challenges in this market include addressing cognitive decline, social isolation, fall prevention, medication management, nutritional support, mobility assistance, personal care assistance, continence management, and other aspects of daily living. Additionally, there is a growing focus on quality of life, resident satisfaction, staffing ratios, caregiver training, technology adoption, and regulatory compliance. The aging services network is evolving to provide a continuum of care, from independent living to palliative care, with a focus on evidence-based practices, industry best practices, and regulatory compliance.

How is this market segmented, and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Service TypeAssisted livingIndependent livingCCRCAge GroupAge 85 and olderAge 66-84Age 65 and underBy TypeMedical ServicesNon-Medical ServicesDistribution ChannelDirect SalesAgency ReferralsOnline PlatformsEnd-UserBaby BoomersSilent GenerationGen XGeographyUS

By Service Type Insights

The assisted living segment is estimated to witness significant growth during the forecast period. Assisted living communities cater to seniors who require assistance with daily activities but do not necessitate full-time nursing care. These residences offer a combination of personalized care, social engagement, and medical support in a secure and comfortable setting. The market is experiencing growth due to the expanding aging population, rising life expectancy, and a preference for home-like environments over traditional nursing homes. Personalized care services are a defining feature of assisted living. Residents receive aid with activities of daily living, such as bathing, dressing, grooming, medication management, and mobility assistance, based on their individual needs.
Trained staff members are available 24/7 to ensure the safety and well-being of residents. Memory care communities are a specialized segment within assisted living, designed for seniors with Alzheimer's disease and other forms of dementia. These facilities provide secure environments and specialized care techniques to address the unique needs of these residents. Independent living communities offer seniors the opportunity to live in a social, active environment while maintaining their independence. These communities provide housing solutions with minimal support services, such as meal preparation and housekeeping. Nursing care homes and skilled nursing facilities offer comprehensive care for seniors with chronic health conditions and complex care needs.

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Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Senior Living Market?

An aging population is the key driver of the market. The market in the US is experiencing significant grow

In 2022, over a third of surveyed assisted living facilities were operating at a loss in the United States. Moreover, four in ten were operating with a margin of less than three percent.

Comprehensive dataset of 38,827 Assisted living facilities in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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.

As of 2024, the median cost for a private room in an assisted living facility in the United States amounted to ****** U.S. dollars annually. This was a roughly ** percent increase compared to prices in 2010. By 2030, assisted living residents can expect to pay nearly ****** 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.

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 (SMU36000006562330001SA) from Jan 1990 to Apr 2025 about elderly, nursing homes, nursing, retirement, assistance, health, NY, education, services, employment, and USA.

United States Senior Living Market size was valued at USD 125.44 Billion in 2024 and is projected to reach USD 185.47 Billion by 2032, growing at a CAGR of 5.01% from 2026 to 2032.

Key Market Drivers

Aging Baby Boomer Population: The senior living market in the United States is heavily influenced by the aging baby boomer generation as they approach retirement age. According to the United States Census Bureau, all baby boomers will be 65 or older by 2030, with the total number of Americans aged 65 and over expected to rise from 56 million in 2020 to 73.1 million by 2030. This significant demographic shift is driving unprecedented demand for a variety of senior living options, including independent living communities, assisted living facilities, and nursing homes.

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