Home›Industries›Reports›Continuing care retirement communities and assisted living facilities for the elderly — US Industry Report
Health Care and Social AssistanceBasic ReportNAICS 62331Decline
Instant PDF Download Ready to purchase · No waiting

Continuing care retirement communities and assisted living facilities for the elderly — US Industry Report

The continuing care retirement communities and assisted living facilities for the elderly industry in the United States generated an estimated ~$99.8B in annual revenue across 26.5K establishments employing 963.9K workers (Census Bureau). This 24-page report analyzes industry performance, competitive dynamics, and delivers 5-year growth forecasts.

Published by VantaInsights Research TeamLast updated: October 2026NAICS 62331
~$99.8B
Market Size A VantaInsights projection for 2026, not a published federal figure: the 2024 Census Economic Census revenue carried forward at the industry's revenue growth rate. The published 2024 figure is in the report.
5-Year Trend Industry growth direction over 2012-2025. Exact CAGR and year-by-year data available in report.
26.5K
Establishments Total business locations operating in this NAICS-classified industry.
963.9K
Employment Total paid employees across all industry establishments.
$XX.XB
Annual Payroll Total annual wages and salaries. Full payroll data available in report.
Decline
Life Cycle Growing slower than overall economy (not necessarily shrinking)

Industry Snapshot

  • ▸Senior care operators are raising wages while contracting their workforce
  • ▸Senior care revenue growth has accelerated after a prolonged period of stagnation
  • ▸Wage growth in senior care is outpacing inflation for the first time in years
  • ▸Establishment growth masks underlying employment contraction across the sector
Full data and exact figures in the report

Table of Contents

1.Executive Summary

Key takeaways, industry definition, and current state overview. Covers the industry's scope, principal activities, NAICS classification context, and a concise snapshot of where the industry stands today. Reading this alone gives decision-makers the high-level picture they need before diving into data-backed chapters.

p. 4
2.Industry Performance

Historical performance analysis covering establishments, employment, and payroll (2012-2025). Examines what has driven industry performance in recent years, how the industry has responded to macroeconomic cycles, and which operating conditions have shaped revenue and labor dynamics. Includes source-cited tables and year-by-year data points.

p. 6
3.Industry Forecast

5-year projections (2026-2030) with base case, bull case, and bear case scenarios. Each scenario combines historical trends, macroeconomic indicators from FRED, and industry-specific signals. Addresses questions on expected trajectory, forecast risk, downside drivers, and the assumptions behind each scenario.

p. 9
4.Industry Outlook

Growth drivers, risk factors, and external environment analysis. Unpacks the forces that will shape the industry over the forecast horizon — demographic shifts, regulatory changes, technology adoption, and cyclical exposure. Frames both the upside opportunities and the structural risks operators and investors should weigh.

p. 12
5.Competitive Landscape

Market structure overview, barriers to entry, and competitive dynamics. Describes how the industry is organized between large incumbents and smaller operators, how fragmented or concentrated it is, and the typical strategies firms use to compete. Named companies and market-share figures are covered at Standard tier and above.

p. 14
6.Operating Conditions

Cost structure, labor requirements, technology factors, and the regulatory environment. Examines where operators spend, how sensitive margins are to input costs, what workforce and technology investments are typical, and which compliance and regulatory constraints shape day-to-day operations and long-term planning.

p. 17
7.SWOT Analysis

Strengths, weaknesses, opportunities, and threats — each supported by concrete evidence from the underlying data. Moves beyond generic bullet points by tying each SWOT element to specific metrics, structural trends, or external forces identified elsewhere in the report. Useful for strategic planning and risk assessment.

p. 20
24 pages·8 charts & figures·PDF format

Report Preview

Continuing care retirement communities and assisted living facilities for the elderly (NAICS 62331) — Basic market research report preview, 24 pages

Low-resolution overview of all 24 pages

Want to see a full report before you buy?

Download a free sample report →

Industry Analysis

The Continuing care retirement communities and assisted living facilities for the elderly industry (NAICS 62331) encompasses 26.5K establishments in the United States employing 963.9K workers, generating an estimated ~$99.8B in annual revenue (Census Bureau). Classified within Health Care and Social Assistance, the industry is positioned in a decline phase of its life cycle.

This report examines historical performance trends (2012-2025), competitive structure, geographic distribution, and provides a 5-year outlook (2026-2030) with growth drivers, risk factors, and industry-specific SWOT analysis.

Additional trends and insights available with purchase

Products & Services

Key service categories in the Continuing care retirement communities and assisted living facilities for the elderly industry.

Full service list on the At-a-Glance page in report

Who Uses These Reports

Trusted by professionals who need verified federal data to make decisions

Investors & PE Firms

Size markets, validate deal theses, and benchmark targets with verified federal data before committing capital

Consultants & Advisors

Deliver data-backed recommendations to clients with sourced and cited industry metrics — Census, BLS, and FRED

Founders & Operators

Validate market entry, benchmark against industry averages, and present credible data to investors and boards

Corporate Strategy Teams

Support expansion planning, M&A due diligence, and executive reporting with NAICS-classified industry data

Top Questions Answered

What is the market size of the Continuing care retirement communities and assisted living facilities for the elderly industry?

The Continuing care retirement communities and assisted living facilities for the elderly industry generated ~$79.9B in revenue (US Census Economic Census, 2022). Full analysis available in report.

How fast has the continuing care retirement and assisted living industry grown?

Revenue has followed a strong growth trajectory over the past decade, expanding steadily across the most recent Economic Census periods. Full analysis available in report.

What is the outlook for the continuing care retirement communities and assisted living industry?

Based on the historical trend, the industry is projected to continue its growth trajectory, with revenue expected to expand if past patterns hold. Full analysis available in report.

What does NAICS 62331 cover?

NAICS 62331 comprises establishments primarily engaged in providing residential and personal care services for (1) the elderly and other persons who are unable to fully care for themselves and/or (2)... Full analysis available in report.

How many businesses operate in the continuing care retirement and assisted living industry?

The industry counts 26.5K establishments (Census CBP, 2023) employing 963.9K workers (Census CBP, 2023). Full analysis available in report.

How competitive is the continuing care retirement and assisted living industry?

A Moderate size label combined with 26.5K establishments (Census CBP, 2023) points to a widely spread industry with many sites rather than a few dominant locations. Full analysis available in report.

Have wages in the continuing care retirement and assisted living industry kept up with inflation?

Yes. Weekly wages in the industry kept ahead of inflation over the recent period, meaning real pay held up even as consumer prices rose. Full analysis available in report.

Who are the major players in the continuing care retirement and assisted living industry?

With 26.5K establishments (Census CBP, 2023) and a Moderate size label, the industry is made up of a large number of operating sites rather than a small set of facilities. Full analysis available in report.

Get complete answers with detailed growth rates, forecasts, and competitive analysis.

Methodology

This report is produced using AI-assisted analysis of official US government data sources. Our methodology combines automated data collection from federal statistical databases with AI-assisted synthesis and validation. Every numerical claim undergoes a validation pass against source data.

The Census Bureau's County Business Patterns and Economic Census provide establishment counts, employment, and payroll broken out by NAICS industry and geography. The Bureau of Labor Statistics QCEW program supplies wage data by industry. The Federal Reserve Economic Data (FRED) service contributes macroeconomic indicators used for industry forecasting — GDP, interest rates, housing starts, and sector-specific indices.

Data freshness varies by source: Census CBP has a ~2 year lag, BLS lags 6-9 months, and FRED provides near real-time macroeconomic data. Each report includes a data currency section showing exact year ranges.

Read our full methodology →

Data Sources

Every chart, table, and claim in this report traces back to a published federal statistical database. Each data point in the PDF shows its source so you can verify it against the original dataset.

Historical data range
2012-2025
Market size derivation
Census Bureau

Report Details

NAICS Code62331 - Continuing care retirement communities and assisted living facilities for the elderly
NAICS Vintage2017
Industry SectorHealth Care and Social Assistance
Report TierBasic
Geographic CoverageUnited States
Historical Data2012-2025
Forecast Period2026-2030
Page Count24 pages
FormatPDF
Data SourcesCensus, BLS, FRED
Last UpdatedOctober 2026
AnalysisAI-assisted
continuingcareretirementcommunitiesandassistedlivingfacilitiesfortheelderlyNAICS 62331market sizeindustry forecast

Industry Classification (NAICS)

Where this industry sits in the North American Industry Classification System.

Related Industries

Related Guides

Related Industry Hubs