Assisted Living Facilities for the Elderly Revenue Benchmarks

How much does the average assisted living facilities for the elderly business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.9M

per year

💰

Profit Margin

13.0%

industry average

📈

Revenue / Employee

$58K

per year

👤

Total Businesses

15,010

in the US

🏢

Est. Owner Income

$253K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$37K

per year (BLS)

💼

Market Saturation

4.5

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$147K
5-9 employees
$354K
10-19 employees
$730K
20-99 employees
$2.2M
100-499 employees
$6.5M
500+ employees
$38.6M

🏆 Highest Revenue States

1.Massachusetts$5.2M avg2.Illinois$4.5M avg3.New Jersey$4.0M avg4.New York$3.8M avg5.Delaware$3.5M avg6.Connecticut$3.5M avg7.Rhode Island$3.4M avg8.Indiana$3.3M avg9.North Dakota$3.2M avg10.Ohio$3.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.16%

openings/year

Closure Rate

9.15%

closings/year

Net Job Growth

+3.92%

annual

Businesses Closed

1,688

in 2023

Firm Count Trend

19
20
21
22
23
16,738 firms16,989 firms

💡 Should You Start a Assisted Living Facilities for the Elderly Business?

Startup Cost

$75K – $300K

Break-Even

9 months

5-Year Survival Rate

70.0%

🆚 Related Industries

Offices of Physicians (except Mental Health Specialists)$3.7MOffices of Dentists$915KChild Day Care Services$750KOffices of Chiropractors$280KOffices of Mental Health Practitioners (except Physicians)$443K

Compare Assisted Living Facilities for the Elderly revenue with other industries:

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