Assisted Living Statistics: Industry State and Future Trends

Are you prepared for the likelihood that you or a loved one will require assisted living?

• 7 out of 10 individuals needing some form of assistance later in life.
• Whether seeking comfortable residential options or navigating nursing homes, staying informed is essential.

This article explores projected trends in life expectancy for assisted living residents, costs, residential home facts, and other key assisted living statistics.

Key Assisted Living Statistics

• 28,900 assisted living communities in the US
• Residents:
  • Over 800,000 people in the US
  • Over 400,000 people in the UK
  • Wishes vs Reality:
    • 80% of people over 60 prefer to live independently (source)
    • 70% of people will require assisted living at some point
    • Growth:
      • 2% of US population in assisted living (2023)
      • By 2036, number of people over 85 will double
      • By 2049, it will triple
      • Women comprise 70% of residents

Assisted Living Facts and Industry Figures

About 60% of us will need assistance with daily tasks at some point in life.

• 28,900 assisted living facilities in the US, nearly 1 million residents
• Projected growth: 74 million people over 65 in the US by 2030 (source)
• Annual revenue of assisted living facilities: $83.1 billion in 2020 (NIC)

Assisted Living Life Expectancy and Demographics

• Average stay: 28 months (NCAL)
• Life expectancy in care communities: ~22 months longer than home care (source)
• 70% of assisted living residents are women (source)

Trends in Assisted Living and Elderly Care

The elderly population is expected to double or triple by 2049, reaching 2.1 billion people over 60.

Medical Devices & Technology

• Mobility aids: wheelchairs, walkers, canes
• Assistive devices for ADLs (eating, dressing, bathing)
• Global market: $26.8B in 2020, projected $37.4B by 2026 (source)
• 73% of seniors 65+ report feeling safer with emergency response systems (source)

Assisted Living Cost

By Location

State / Region	Monthly Cost
Alaska	$8,200
California	$4,800
Florida	$3,700
Hawaii	$5,700
Massachusetts	$6,200
New York	$4,800
Texas	$3,795
Vermont	$6,300

UK costs: £3,290 to £4,160 per month (source)

Insurance & Government Support

• US: Medicare does not cover room and board; Veterans and Medicaid may assist (source)
• UK: Self-fund if capital > £23,250; means test available (source)

Conclusion

Understanding assisted living statistics, costs, and trends allows for informed decisions regarding senior care. With proper planning, technology, and awareness, seniors can enjoy safe, dignified, and engaging living arrangements while families navigate future care needs confidently.