Real estate as a whole has been a rapidly growing industry strained by supply shortages and soaring costs.
But as the senior population grows faster than any other age group in America, it creates uncertainties in the senior living sector.
With this in mind, we dive into the latest stats and senior living trends you need to know.
Senior Living Market Overview (Size & Growth)
According to the latest 2025 data, the U.S. senior living market is valued at $119.55 billion.
The industry is expected to grow to $158.93 billion by 2030 at a CAGR of 5.86%. This growth is largely due to the aging Baby Boomer generation and the rapid growth of the elderly population.
The number of individuals aged 80 and over is projected to increase by approximately 50% over the next 10 years, growing from 13.9 million to 20.8 million.
Sources: Mordor Intelligence
Senior Living Demographics Stats
As mentioned, the U.S. population is aging rapidly, driven by the Baby Boomer generation and increasing life expectancy.
In 2025, approximately 62 million adults aged 65 and older make up 18% of the total population. This figure is projected to climb to 84 million (23%) by 2054.
Beyond just age, senior living facilities reflect specific demographic and regional patterns that shape availability and resident profiles.
Below, we cover additional senior living statistics related to gender, geography, etc.
Senior Living by Gender
Women outnumber men in senior living due to longer life expectancy. The average life expectancy for women is 80.2 years versus 74.8 years for men.
In assisted living, 70% of residents are female, while only 30% are male.
This gender gap widens with age: 50% of residents are 85+, where women dominate, comprising 58% of the 65+ population and 78% of centenarians in 2024.
Senior Living by Region & State
Geography heavily influences senior living availability. The West hosts 40.8% of assisted living facilities, with California leading the way at over 13,500 communities.
The South follows second at 28% and the Midwest at 22.6%. The Northeast has the lowest number of assisted living facilities at 8.6%.
In the United States, there are roughly 46,900 assisted living communities with approximately 1.4 million licensed beds.
Here’s a detailed breakdown of assisted living facilities by region:
| Region | % of U.S. Facilities | # of Communities |
|---|---|---|
| West | 40.8% | 12,485 |
| South | 28.0% | 8,568 |
| East | 22.6% | 6,916 |
| Midwest | 8.6% | 2,632 |
As we mentioned, California has the highest number of assisted living communities in the country.
Below, you can find a full list of states:
| State | # of Communities | % of U.S. Facilities | # of Licensed Beds | % of Licensed Beds |
|---|---|---|---|---|
| Alabama | 302 | 0.64% | 11,084 | 0.79% |
| Alaska | 727 | 1.55% | 4,903 | 0.35% |
| Arizona | 1,934 | 4.12% | 42,476 | 3.02% |
| Arkansas | 146 | 0.31% | 7,750 | 0.55% |
| California | 13,536 | 28.84% | 243,177 | 17.29% |
| Colorado | 689 | 1.47% | 25,289 | 1.80% |
| Connecticut | 53 | 0.11% | 2,837 | 0.20% |
| Delaware | 33 | 0.07% | 2,630 | 0.19% |
| District of Colombia | 16 | 0.03% | 1,192 | 0.08% |
| Florida | 2,953 | 6.29% | 115,981 | 8.25% |
| Georgia | 305 | 0.65% | 25,314 | 1.80% |
| Hawaii | 17 | 0.04% | 2,480 | 0.18% |
| Idaho | 261 | 0.56% | 10,604 | 0.75% |
| Illinois | 530 | 1.13% | 28,835 | 2.05% |
| Indiana | 377 | 0.80% | 22,549 | 1.60% |
| Iowa | 423 | 0.90% | 26,218 | 1.86% |
| Kansas | 149 | 0.32% | 7,363 | 0.52% |
| Kentucky | 136 | 0.29% | 6,011 | 0.43% |
| Louisiana | 164 | 0.35% | 9,213 | 0.66% |
| Maine | 1,019 | 2.17% | 9,764 | 0.69% |
| Maryland | 1,672 | 3.56% | 26,436 | 1.88% |
| Massachusetts | 268 | 0.57% | 18,784 | 1.34% |
| Michigan | 4,133 | 8.81% | 57,852 | 4.11% |
| Minnesota | 1,945 | 4.14% | 60,063 | 4.27% |
| Mississippi | 123 | 0.26% | 6,560 | 0.47% |
| Missouri | 631 | 1.34% | 28,755 | 2.04% |
| Montana | 228 | 0.49% | 7,355 | 0.52% |
| Nebraska | 283 | 0.60% | 13,961 | 0.99% |
| Nevada | 397 | 0.85% | 9,512 | 0.68% |
| New Hampshire | 198 | 0.42% | 8,123 | 0.58% |
| New Jersey | 278 | 0.59% | 28,093 | 2.00% |
| New Mexico | 222 | 0.47% | 5,950 | 0.42% |
| New York | 549 | 1.17% | 15,428 | 1.10% |
| North Carolina | 581 | 1.24% | 37,237 | 2.65% |
| North Dakota | 74 | 0.16% | 3,020 | 0.21% |
| Ohio | 798 | 1.70% | 68,367 | 4.86% |
| Oklahoma | 186 | 0.40% | 11,935 | 0.85% |
| Oregon | 577 | 1.23% | 30,145 | 2.14% |
| Pennsylvania | 1,103 | 2.35% | 68,314 | 4.86% |
| Rhode Island | 318 | 0.68% | 4,915 | 0.35% |
| South Carolina | 461 | 0.98% | 22,248 | 1.58% |
| South Dakota | 156 | 0.33% | 5,164 | 0.37% |
| Tennesse | 374 | 0.80% | 23,929 | 1.70% |
| Texas | 2,013 | 4.29% | 81,989 | 5.83% |
| Utah | 223 | 0.48% | 12,318 | 0.88% |
| Vermont | 108 | 0.23% | 3,512 | 0.25% |
| Virginia | 569 | 1.21% | 38,847 | 2.76% |
| Washington | 554 | 1.18% | 37,821 | 2.69% |
| West Virginia | 85 | 0.18% | 3,538 | 0.25% |
| Wisconsin | 4,013 | 8.55% | 59,912 | 4.26% |
| Wyoming | 38 | 0.08% | 555 | 0.04% |
Sources: Pew Research Center, AHCA/NCAL, CDC
Cost of Senior Living Stats
According to Genworth’s 2025 Cost of Care Survey, the national median cost of assisted living is $5,676 per month ($68,112 annually).
This represents a 10% increase from 2023’s $5,350 estimate, primarily driven by inflation and staffing shortages.
Nursing homes are pricier, with private rooms at $10,326 per month ($123,912 annually) and semi-private at $9,197 per month ($110,364 annually), a 7 to 9% jump from 2024.
In-home care costs vary. For example, homemaker services cost $6,068 per month ($72,816 annually), while home health aides hit $6,675 per month ($80,100 annually), outpacing assisted living when full-time care is needed.
Location also matters when comparing senior living costs.
For instance, Alaska’s assisted living cost is the highest at $8,028 per month. Meanwhile, South Dakota is at the bottom, costing only $4,200 per month.
Considering costs is important because 48% of 55-64-year-olds lack retirement savings.
Below, we break down the cost of senior living in ten states with publicly available data:
| State | Assisted Living | Nursing Home (private) | Nursing Home (semi-private) | Homemaker Services | Home Health Aide |
|---|---|---|---|---|---|
| Alabama | $3,950 | $7,900 | $7,250 | $4,800 | $4,800 |
| Alaska | $8,028 | $31,512 | $31,512 | $6,950 | $7,150 |
| California | $6,300 | $12,669 | $10,646 | $6,950 | $7,150 |
| Florida | 4,950 | $11,406 | $9,885 | $5,720 | $5,950 |
| Hawaii | $7,050 | $14,144 | $13,231 | $7,150 | $7,350 |
| Massachusetts | $7,120 | $14,600 | $13,688 | $7,350 | $7,800 |
| New York | $5,950 | $14,265 | $13,433 | $6,675 | $6,950 |
| South Dakota | $4,200 | $8,500 | $7,950 | $5,950 | $6,068 |
| Texas | $4,750 | $7,650 | $6,750 | $5,462 | $5,720 |
| Wyoming | $4,500 | $9,034 | $8,500 | $6,068 | $6,292 |
Sources: Genworth
4 Major Trends Shaping the Future of Senior Living
Here are the 4 trends that experts believe that will shape the future of how seniors will live.
Wellness-centric communities take center stage
Seniors are prioritizing holistic health over basic caregiving, pushing senior living communities to evolve into wellness hubs.
Facilities now offer more amenities, including fitness centers, mental health programs, and nutrition-focused dining.
According to the Department of Health and Human Services, 70% of older adults (65 and older) are expected to need long-term care during retirement.
Because of this, facilities that provide additional services like yoga, meditation, and brain health activities are seeing higher demand.
This shift caters to Baby Boomers’ demand for more active lifestyles. In fact, a recent AARP study revealed that 64% of Baby Boomers value physical activity in their daily life.
It’s also estimated that 78% of seniors look for communities that promote active lifestyles.
Communities offering these additional activities are reporting higher demand, with occupancy rates reaching 87%.
As occupancy rates climb and demand for these communities surges, the resident experience is becoming the top priority for senior living providers in 2025 and beyond.
Technology becomes a care partner
Technology is playing a major role in senior care, specifically by enhancing safety and independence through smart innovations.
For instance, wearables like health monitors and fall detection devices are now used by 46% of adults 50+ for safety, with 40% more expressing interest.
AI-driven solutions have been adopted across many industries, including senior living.
They are disrupting the space by offering real-time health tracking that can reduce emergency visits through telehealth. This sector is currently growing rapidly.
Another example is the use of virtual reality (VR) therapies like memory stimulation. We’ve seen this tech used in 30% of upscale communities to boost patient engagement.
Smart home tech, such as voice-activated controls and sensors, is also disrupting the senior living industry.
It can aid daily tasks for the 70% of seniors managing chronic conditions.
As labor shortages loom, with a projected 20% caregiving gap by 2030, technology bridges care gaps, empowering residents and staff.
Intergenerational living becomes more common
As seniors in 2025 crave connection over isolation, intergenerational living is gaining momentum. This trend is bringing older and younger generations together in meaningful ways.
This shift is already underway, with 59.7 million Americans living in multigenerational households in 2021, a sharp rise from 14.5 million in 1971.
The trend continues to accelerate because 92% of Americans see it as a powerful antidote to loneliness across ages.
To meet this demand, senior communities near universities are pioneering engagement through shared spaces like classrooms and gardens.
At places like Broadview at Purchase College, 78% of residents report improved well-being from student interactions.
Demand is strong too. 77% of adults over 50 prefer aging in place with family support, while 42% of assisted living residents with dementia experience less isolation through cross-generational programs.
Beyond social gains, this model makes economic sense. It reduces turnover costs, which average three months’ rent, by boosting retention in shared environments.
By blending care, community, and affordability, intergenerational living is redefining senior housing for a connected future.
Supply constraints drive industry innovation
The senior living industry in 2025 faces a critical challenge as construction struggles to keep up with a rapidly aging population.
Senior housing hit a 14-year low, with only 7,100 units begun in the last four quarters of 2024
This sluggish pace falls well short of the 42,000 new units needed annually to match the 80+ population’s projected 47% growth by 2035.
With inventory tighter than at any point since 2009, the strain is evident and pushing providers to rethink their strategies.
As a result, occupancy rates are climbing, reaching 86.5% in Q3 2024 from 84.4% in 2023, while rent increases help offset rising operational costs.
To address these shortages, operators are turning to innovative solutions.
Retrofitting existing properties has surged, with investments up 25% since 2022, providing a faster and more affordable alternative to new builds.
Similarly, home-based care now reaches 60% of not-for-profit life plan communities, with another 33% planning adoption by 2027.
Co-housing models is another approach that saves money and cuts costs by 15%. This offers relief to the 48% of 55-64-year-olds without retirement savings.
Together, these creative responses show how supply constraints are sparking scalable change across the sector.
Final Thoughts
The future looks very bright for the senior demographic with all of the new technological advancements and efficiency due to the rise of AI.
Governments and companies will continue to spend billions of dollars on this demographic as the population continues to increase over time.