In Quarter-2 of 2024, BILD conducted over 100+ individual Market Surveys on senior living communities across the nation. Below is the executive summary and the data trends that were uncovered regarding unit pricing, and the changes since 2022, for each care service (IL, AL, MC).
Target Regions: U.S Market Areas (percent of shops) – East Central (32%), West Central (1%), Pacific (28%), South Atlantic (34%), Mountain (1%), New England (3%)
Target States: AL, CA, FL, IL, IN, KY, MA, MD, MI, MO, NV, OH, TN, VA
Time Periods Data Analyzed: 4/1/2024 – 6/30/2024
- Independent living studio prices range between $3,360-$4,298, with an average size between 404-477 sq. ft.
- Assisted Living one-bedroom prices range between $5,716-$6,927, with an average size between 549-652 sq. ft.
- The average companion suite price in memory care ranges from $4,516-$6,810 and has an overall average of $5,663 per month. The average size of a companion suite is 459 sq. ft., ranging from 423-579 sq. ft.
- Independent Living, Assisted Living and Memory Care have increased on average 30% in pricing since 2022.
Independent Living Rates Summary
Independent Living Rates by MSA
Assisted Living Rates Summary:
Assisted Living Rates by MSA:
Memory Care Rates Summary:
Memory Care Rates by MSA:
