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The United States senior living market reached approximately USD 111.20 billion in 2024. The market is projected to grow at a CAGR of 6.1% between 2025 and 2034, reaching a value of around USD 189.79 billion by 2034.
Base Year
Historical Year
Forecast Year
United States Senior Living Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 111.20 |
Market Size 2034 | USD Billion | 189.79 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 6.1% |
CAGR 2025-2034 - Market by Region | Southeast | 6.1% |
CAGR 2025-2034 - Market by Region | New England | 5.7% |
CAGR 2025-2034 - Market by Type | Independent Living | 7.0% |
Market Share by Region | Mideast | 11.1% |
The rising convenience and opportunities to create new connections are some of the major factors fuelling the growth of the United States senior living market. Senior living communities handle the cleaning and maintenance of homes allowing the resident to reside without any worries regarding homemaking. Moreover, most of the utilities are covered in the monthly rent which removes the worries of paying multiple bills at a time.
There are around 30,600 assisted living communities in the United States. As per the U.S. Census Bureau’s 2021 County Business Patterns Survey, California was the leading state for assisted or senior living in the country as of 2021. Around 800,000 older people in the country reside in senior homes and half of the residents in these facilities are aged 85 and above.
These trends highlight the regional differences in the growth of the senior living market, with the Far West and Rocky Mountain regions leading the way.
CAGR 2025-2034 - Market by | Region |
Southeast | 6.1% |
New England | 5.7% |
Mideast | XX% |
Plains | XX% |
Great Lakes | XX% |
Southwest | XX% |
Rocky Mountain | 6.6% |
Far West | 7.1% |
These trends underscore the diverse needs within the senior living sector, with independent living and assisted living leading the market expansion.
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States senior living market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States senior living industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States senior living market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States senior living market landscape.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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