Number of Assisted Living Facilities for the Elderly Businesses in the US (2000–2023)
As of 2023
16,989
assisted living facilities for the elderly businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The assisted living facilities for the elderly industry has grown 36% since 2000 (from 12,494 to 16,989 firms).
- •The peak year was 2021 with 17,368 firms.
- •Recent trend (last 5 years): the industry is growing (+1.5%).
- •Employment: 992,477 workers in 2023 (93.7% change since 2000).
- •Estimated 5-year survival rate: 62%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 16,989 | 25,407 | 992,477 | 8.2% | 9.1% | +3.9% |
| 2022 | 17,024 | 25,373 | 937,681 | 8.5% | 8.5% | -1.4% |
| 2021 | 17,368 | 25,614 | 952,388 | 8.8% | 6.9% | -7.9% |
| 2020 | 16,798 | 24,865 | 1,029,017 | 8.6% | 7.7% | +2.8% |
| 2019 | 16,738 | 24,554 | 998,538 | 8.8% | 7.3% | +1.8% |
| 2018 | 16,716 | 24,114 | 977,481 | 8.2% | 7.5% | +2.7% |
| 2017 | 16,579 | 23,862 | 947,218 | 8.6% | 7.2% | +1.5% |
| 2016 | 16,488 | 23,414 | 930,981 | 8.8% | 6.6% | +2.5% |
| 2015 | 16,120 | 22,769 | 902,963 | 8.8% | 6.8% | +3.7% |
| 2014 | 15,803 | 22,328 | 870,919 | 8.7% | 6.6% | +3.2% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.