Assisted Living Facilities for the Elderly Revenue Benchmarks
The average assisted living facilities for the elderly business in the United States generates $1.9M in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 15,010 assisted living facilities for the elderly businesses in the U.S., employing 500,791 workers with an average profit margin of 13.0%. The average employee in this industry earns $37K per year (Bureau of Labor Statistics QCEW 2023).
What Does a Assisted Living Facilities for the Elderly Business Actually Do?
Residential communities for older adults who need help with daily activities but don't need skilled nursing. Provide housing, meals, medication management, and social activities. Some also have memory-care wings for dementia patients.
Who buys: Older adults (typically 75+) and their adult children arranging care.
How this is different: Different from skilled nursing facilities (higher acuity, Medicare/Medicaid reimbursed) and independent living (no care services).
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
How Much Do Assisted Living Facilities for the Elderly Charge?
Assisted living charges monthly rent + care level fees, with memory care and higher acuity costing more.
| Service | Typical range |
|---|---|
Independent living (base rate) | $2,500–5,000/month |
Assisted living (base rate) | $4,500–7,500/month |
Assisted living + care fees | $5,500–9,000/month typical |
Memory care | $6,500–12,000/month |
Community fee (one-time) | $2,000–8,000 |
Care level surcharge (highest) | $500–3,000/month add-on |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete assisted living facilities for the elderly business plan
A 12-section data-backed business plan for a assisted living facilities for the elderly business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the assisted living facilities for the elderly industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Medical supplies & pharma | $13 | $252K | Disposables, medications, lab reagents, implants, and other direct patient supplies. |
Wages & benefits | $50 | $972K | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $6 | $108K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $2 | $36K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $17 | $324K | Malpractice insurance, billing services, equipment leasing, regulatory compliance. |
Net profit | $13 | $253K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
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
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
Frequently Asked Questions
- What does a assisted living facilities for the elderly business do?
- Residential communities for older adults who need help with daily activities but don't need skilled nursing. Provide housing, meals, medication management, and social activities. Some also have memory-care wings for dementia patients. Older adults (typically 75+) and their adult children arranging care.
- How much do assisted living facilities for the elderly charge?
- Assisted living charges monthly rent + care level fees, with memory care and higher acuity costing more. See the pricing table above for typical rates by service type.
- How much does the average assisted living facilities for the elderly make per year?
- The average assisted living facilities for the elderly business generates $1.9M in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $253K per year at a 13.0% profit margin.
- How many assisted living facilities for the elderly businesses are there in the US?
- There are 15,010 assisted living facilities for the elderly businesses operating in the United States, employing a total of 500,791 workers.
- How much does it cost to start a assisted living facilities for the elderly business?
- Startup costs for a assisted living facilities for the elderly business typically range from $75K to $300K, with a 5-year survival rate of 70.0%.
- What is the average salary in the assisted living facilities for the elderly industry?
- The average employee in the assisted living facilities for the elderly industry earns $37K per year, according to Bureau of Labor Statistics data (QCEW 2023).
Industry Growth & Survival
The assisted living facilities for the elderly industry is actively growing — adding jobs at a net rate of 3.9% per year. New establishments are opening faster than existing ones close (8.2% entry vs 9.1% exit), indicating healthy demand.
Approximately 62% of assisted living facilities for the elderly businesses survive their first 5 years. This is above the national average (~50%), making it a relatively safe industry to enter. In 2023, 1,688 firms in this industry closed permanently.
Employment & Wages
The average employee in the assisted living facilities for the elderly industry earns $36,683/year. This is below the national average of ~$65K — typical for this sector. With 21,567 establishments employing 475,150 people, the typical business has about 22 employees.
Industry Trend (2000–2023)
The assisted living facilities for the elderly industry has grown 36% since 2000 (from 12,494 to 16,989 firms).
See full historical statistics →Compare Assisted Living Facilities for the Elderly revenue with other industries: