GITNUXREPORT 2025

Senior Living Industry Statistics

Senior living market grows globally, driven by aging populations and technological advances.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

Our Commitment to Accuracy

Rigorous fact-checking • Reputable sources • Regular updatesLearn more

Statistic 1

By 2040, the number of Americans aged 85 and older is expected to nearly triple, reaching over 19 million

Statistic 2

The occupancy rate for assisted living facilities in the U.S. was roughly 87% as of 2022

Statistic 3

The median monthly cost for assisted living in the U.S. was about $4,300 in 2022

Statistic 4

Memory care costs in the U.S. average around $5,500 per month

Statistic 5

The senior housing vacancy rate in the U.S. was approximately 10% in 2022

Statistic 6

The average length of stay in assisted living facilities is approximately 28 months

Statistic 7

The number of certified assisted living beds in the U.S. increased by approximately 5% from 2020 to 2022

Statistic 8

The average cost for adult day health services in the U.S. is about $75 per day

Statistic 9

The total number of high-acuity beds in nursing homes has increased by 10% over the past five years, reflecting growing care complexity

Statistic 10

The percentage of senior living facilities implementing green and sustainable practices has risen to approximately 35% in recent years, promoting environmental responsibility

Statistic 11

The global senior living market size was valued at approximately $1.48 trillion in 2022

Statistic 12

By 2030, there will be approximately 1.4 billion people aged 60 or older worldwide

Statistic 13

In the United States, the senior living industry generates over $47 billion annually

Statistic 14

Nearly 1.5 million Americans reside in assisted living facilities nationwide

Statistic 15

Medicaid is the primary payer for long-term care facilities in the U.S., covering about 63% of nursing home funding

Statistic 16

The number of senior housing units projected to be built globally between 2022 and 2030 is over 2 million

Statistic 17

The elderly population's demand for home health care services is expected to grow at a CAGR of approximately 7% through 2030

Statistic 18

The ownership of smartphones among adults aged 65 and older increased to 61% in 2021, indicating engagement with digital health tools

Statistic 19

The senior living industry is projected to see a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030

Statistic 20

The majority of assisted living residents (around 87%) have one or more chronic conditions

Statistic 21

Globally, the number of people living in elder care facilities is expected to double by 2040, reaching over 100 million residents

Statistic 22

Aging populations are responsible for over 82% of healthcare expenditures globally, emphasizing the importance of senior care sector

Statistic 23

Nearly 60% of seniors report difficulties with activities of daily living (ADLs), such as bathing or dressing, requiring coordinated care

Statistic 24

The global market for senior living technology (including monitoring and management solutions) is expected to reach $22 billion by 2025

Statistic 25

The number of older adults living alone in the U.S. is approximately 27 million, which is nearly 24% of the senior population

Statistic 26

The demand for memory care facilities is projected to increase by 8% annually through 2030, driven by neurodegenerative disease prevalence

Statistic 27

The percentage of seniors with access to long-term care insurance in the U.S. is around 20%, reflecting coverage gaps

Statistic 28

The majority of senior care residents (about 65%) are female, highlighting gender disparities in aging populations

Statistic 29

The global senior care market is projected to grow at a CAGR of 7.4% from 2023 to 2030, reaching over $2 trillion

Statistic 30

The number of private-pay residents in senior living communities accounts for about 55% of total residents, highlighting the importance of self-pay options

Statistic 31

The average annual growth rate of elder care facilities' investment is around 6%, reflecting increasing investor interest

Statistic 32

The adoption of wearable health devices among seniors increased by 50% from 2020 to 2022, supporting health monitoring

Statistic 33

The average age of residents in nursing homes is 83 years old, emphasizing the advanced age planning needed

Statistic 34

The percentage of elderly people with dementia worldwide is estimated to be around 55 million in 2023, with projections reaching over 78 million by 2030

Statistic 35

The senior living industry contributed approximately $56 billion to U.S. GDP in 2022, highlighting its economic significance

Statistic 36

The number of multi-generational households in the U.S. has increased by 10% from 2010 to 2020, reflecting changing senior living arrangements

Statistic 37

The senior fitness market, including programs tailored for older adults, is projected to reach $9 billion globally by 2027, emphasizing health and wellness focus

Statistic 38

Approximately 70% of older adults prefer aging in place rather than moving to a senior living community

Statistic 39

Telehealth services for seniors increased by over 154% during the COVID-19 pandemic

Statistic 40

Approximately 75% of seniors attend some form of adult day services, often as a supplement to other care

Statistic 41

The average occupancy rate for nursing homes in the U.S. was about 80% in 2022

Statistic 42

The percent of seniors choosing private pay for senior living services is around 55%, making it a significant revenue source

Statistic 43

The retirement migration pattern shows that approximately 60% of retirees choose to stay in their home state for senior living, indicating regional preferences

Statistic 44

The percentage of seniors using voice-activated devices for daily assistance has increased to 30%, showing technology adoption

Statistic 45

Around 45% of seniors in assisted living have at least one visitor weekly, indicating social engagement levels

Statistic 46

Approximately 80% of seniors report that access to outdoor spaces and gardens improves their quality of life

Statistic 47

Over 50% of seniors with chronic conditions are receiving medication management services, which is crucial for maintaining health

Statistic 48

The proportion of seniors who own a pet is approximately 60%, indicating the importance of pet therapy and companionship programs in senior care

Statistic 49

The percentage of seniors who prefer assisted living over living with family is approximately 40%, showing a shift in aging preferences

Statistic 50

The use of online platforms for senior care services increased by 30% during the pandemic, expanding access and convenience

Statistic 51

Approximately 20% of seniors report feeling socially isolated, which has driven demand for community-based senior programs

Statistic 52

The adoption of electronic health records (EHR) in senior care facilities has increased to over 90% as of 2022, improving care coordination

Statistic 53

The use of AI and automation in senior living facilities is expected to grow at a CAGR of 20% through 2027, supporting operational efficiency

Statistic 54

The industry is seeing a trend toward integration of virtual reality (VR) for cognitive therapy and recreation among seniors, with over 15% of facilities adopting the technology by 2023

Statistic 55

Nearly 65% of senior living residents have access to Wi-Fi throughout their facilities, supporting connectivity and digital engagement

Statistic 56

The average turnover rate in senior care facilities is around 35% annually

Statistic 57

The turnover rate for staff in senior care facilities is roughly 50%, impacting quality of care

Statistic 58

The senior care industry employed over 4 million people in the U.S. as of 2022, reflecting its importance as an employer

Statistic 59

Projected workforce shortages in senior care industry are expected to hit 1.3 million by 2030, underscoring the need for workforce innovation

Statistic 60

In 2022, over 40% of senior care providers reported staff shortages as a major challenge to service delivery

Slide 1 of 60

Sources

Our Reports have been cited by:

Trust Badges - Publications that have cited our reports

Key Highlights

The global senior living market size was valued at approximately $1.48 trillion in 2022
By 2030, there will be approximately 1.4 billion people aged 60 or older worldwide
In the United States, the senior living industry generates over $47 billion annually
The occupancy rate for assisted living facilities in the U.S. was roughly 87% as of 2022
By 2040, the number of Americans aged 85 and older is expected to nearly triple, reaching over 19 million
Approximately 70% of older adults prefer aging in place rather than moving to a senior living community
The median monthly cost for assisted living in the U.S. was about $4,300 in 2022
Memory care costs in the U.S. average around $5,500 per month
Nearly 1.5 million Americans reside in assisted living facilities nationwide
Medicaid is the primary payer for long-term care facilities in the U.S., covering about 63% of nursing home funding
The senior housing vacancy rate in the U.S. was approximately 10% in 2022
The number of senior housing units projected to be built globally between 2022 and 2030 is over 2 million
The average turnover rate in senior care facilities is around 35% annually

The senior living industry is on the cusp of a transformative boom, with global market size projected to surpass $2 trillion by 2030, driven by aging populations, technological innovations, and shifting preferences toward aging in place.

Demographics

By 2040, the number of Americans aged 85 and older is expected to nearly triple, reaching over 19 million

Demographics Interpretation

As the American population ages like fine wine, the approaching 2040 surge to over 19 million seniors aged 85 and older signals both a triumph of healthcare and a call to reimagine our senior living infrastructure—because aging gracefully should mean aging comfortably.

Facility and Cost Information

The occupancy rate for assisted living facilities in the U.S. was roughly 87% as of 2022
The median monthly cost for assisted living in the U.S. was about $4,300 in 2022
Memory care costs in the U.S. average around $5,500 per month
The senior housing vacancy rate in the U.S. was approximately 10% in 2022
The average length of stay in assisted living facilities is approximately 28 months
The number of certified assisted living beds in the U.S. increased by approximately 5% from 2020 to 2022
The average cost for adult day health services in the U.S. is about $75 per day
The total number of high-acuity beds in nursing homes has increased by 10% over the past five years, reflecting growing care complexity
The percentage of senior living facilities implementing green and sustainable practices has risen to approximately 35% in recent years, promoting environmental responsibility

Facility and Cost Information Interpretation

Despite an 87% occupancy rate and rising certified beds, the escalating costs—$4,300 for assisted living, $5,500 for memory care—and a 10% vacancy rate reveal a sector struggling to balance growing demand and complexity with affordability and sustainability.

Market Size and Demographics

The global senior living market size was valued at approximately $1.48 trillion in 2022
By 2030, there will be approximately 1.4 billion people aged 60 or older worldwide
In the United States, the senior living industry generates over $47 billion annually
Nearly 1.5 million Americans reside in assisted living facilities nationwide
Medicaid is the primary payer for long-term care facilities in the U.S., covering about 63% of nursing home funding
The number of senior housing units projected to be built globally between 2022 and 2030 is over 2 million
The elderly population's demand for home health care services is expected to grow at a CAGR of approximately 7% through 2030
The ownership of smartphones among adults aged 65 and older increased to 61% in 2021, indicating engagement with digital health tools
The senior living industry is projected to see a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030
The majority of assisted living residents (around 87%) have one or more chronic conditions
Globally, the number of people living in elder care facilities is expected to double by 2040, reaching over 100 million residents
Aging populations are responsible for over 82% of healthcare expenditures globally, emphasizing the importance of senior care sector
Nearly 60% of seniors report difficulties with activities of daily living (ADLs), such as bathing or dressing, requiring coordinated care
The global market for senior living technology (including monitoring and management solutions) is expected to reach $22 billion by 2025
The number of older adults living alone in the U.S. is approximately 27 million, which is nearly 24% of the senior population
The demand for memory care facilities is projected to increase by 8% annually through 2030, driven by neurodegenerative disease prevalence
The percentage of seniors with access to long-term care insurance in the U.S. is around 20%, reflecting coverage gaps
The majority of senior care residents (about 65%) are female, highlighting gender disparities in aging populations
The global senior care market is projected to grow at a CAGR of 7.4% from 2023 to 2030, reaching over $2 trillion
The number of private-pay residents in senior living communities accounts for about 55% of total residents, highlighting the importance of self-pay options
The average annual growth rate of elder care facilities' investment is around 6%, reflecting increasing investor interest
The adoption of wearable health devices among seniors increased by 50% from 2020 to 2022, supporting health monitoring
The average age of residents in nursing homes is 83 years old, emphasizing the advanced age planning needed
The percentage of elderly people with dementia worldwide is estimated to be around 55 million in 2023, with projections reaching over 78 million by 2030
The senior living industry contributed approximately $56 billion to U.S. GDP in 2022, highlighting its economic significance
The number of multi-generational households in the U.S. has increased by 10% from 2010 to 2020, reflecting changing senior living arrangements
The senior fitness market, including programs tailored for older adults, is projected to reach $9 billion globally by 2027, emphasizing health and wellness focus

Market Size and Demographics Interpretation

As the senior population worldwide surges toward 1.4 billion by 2030—doubling elder care facilities and industry revenues along the way—it's clear that aging gracefully is not just a personal journey but a booming economic enterprise requiring innovative, accessible, and sustainable solutions.

Service Utilization and Preferences

Approximately 70% of older adults prefer aging in place rather than moving to a senior living community
Telehealth services for seniors increased by over 154% during the COVID-19 pandemic
Approximately 75% of seniors attend some form of adult day services, often as a supplement to other care
The average occupancy rate for nursing homes in the U.S. was about 80% in 2022
The percent of seniors choosing private pay for senior living services is around 55%, making it a significant revenue source
The retirement migration pattern shows that approximately 60% of retirees choose to stay in their home state for senior living, indicating regional preferences
The percentage of seniors using voice-activated devices for daily assistance has increased to 30%, showing technology adoption
Around 45% of seniors in assisted living have at least one visitor weekly, indicating social engagement levels
Approximately 80% of seniors report that access to outdoor spaces and gardens improves their quality of life
Over 50% of seniors with chronic conditions are receiving medication management services, which is crucial for maintaining health
The proportion of seniors who own a pet is approximately 60%, indicating the importance of pet therapy and companionship programs in senior care
The percentage of seniors who prefer assisted living over living with family is approximately 40%, showing a shift in aging preferences
The use of online platforms for senior care services increased by 30% during the pandemic, expanding access and convenience
Approximately 20% of seniors report feeling socially isolated, which has driven demand for community-based senior programs

Service Utilization and Preferences Interpretation

As the senior living landscape evolves—driven by a preference to age in place, tech-savvy seniors embracing voice-activated devices, and nearly half finding comfort in outdoor spaces—the industry is balancing a substantial shift toward personalized, home-based care with a robust demand for community engagement and innovative services, all while navigating the ripple effects of pandemic-driven digital expansion and regional preferences.

Technology and Innovation

The adoption of electronic health records (EHR) in senior care facilities has increased to over 90% as of 2022, improving care coordination
The use of AI and automation in senior living facilities is expected to grow at a CAGR of 20% through 2027, supporting operational efficiency
The industry is seeing a trend toward integration of virtual reality (VR) for cognitive therapy and recreation among seniors, with over 15% of facilities adopting the technology by 2023
Nearly 65% of senior living residents have access to Wi-Fi throughout their facilities, supporting connectivity and digital engagement

Technology and Innovation Interpretation

With over 90% of senior care facilities embracing EHRs, a 20% CAGR in AI automation, and 15% adopting VR for cognitive wellness, it's clear that digital innovation is transforming aging from mere care to elevated, connected living—proving that tech isn't just for the young anymore.

Workforce and Industry Trends

The average turnover rate in senior care facilities is around 35% annually
The turnover rate for staff in senior care facilities is roughly 50%, impacting quality of care
The senior care industry employed over 4 million people in the U.S. as of 2022, reflecting its importance as an employer
Projected workforce shortages in senior care industry are expected to hit 1.3 million by 2030, underscoring the need for workforce innovation
In 2022, over 40% of senior care providers reported staff shortages as a major challenge to service delivery

Workforce and Industry Trends Interpretation

With a 35% staff turnover and a projected deficit of 1.3 million workers by 2030, the senior care industry stands at a critical crossroads where retaining experienced caregivers is as vital as caring for seniors themselves, reminding us that workforce stability is the backbone of quality aging services.