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Did You Know?

Residential Assisted Living Facilities are in demand because seniors are living longer. Below are the 10 favorable states to start an assisted living facility. The assisted living industry is valued at $91.8 billion in 2023, according to Grand View Research market data. It is expected to grow at a compound annual growth rate (CAGR) of 5.53% from 2023 to 2030, reaching $140.8 billion by 2030.

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Assisted Living Insights

Transformative Era

The U.S. is undergoing a transformative era in aging, characterized by increased life expectancies and a rapidly growing senior population.

Leaping Life Expectancy

Life expectancy has surged by 10 years since 1960 and is projected to reach 85 years by 2060, reshaping our understanding of aging.

Surging Senior Population

In the past decade, the senior population has doubled from 49 million to an expected 98 million, prompting a closer examination of infrastructure and services to accommodate this shift.

Cost-Effective Alternative

Assisted living emerges as a cost-effective alternative, providing an affordable option compared to private rooms in nursing homes.

Prudent Choice

The economic appeal of assisted living positions it as a prudent choice, offering a harmonious blend of quality care and affordability.

Navigating Change

The evolving landscape of aging emphasizes the need for accessible and affordable care options, allowing every senior to lead a fulfilling and dignified life.