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Nursing & Residential Care Facilities (NAICS 623) Industry Market Research Report

Nursing & Residential Care Facilities - Market Size and Forecast

The Nursing and Residential Care Facilities report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Nursing & Residential Care Facilities Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Nursing & Residential Care Facilities - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Nursing & Residential Care Facilities companies in the United States.

Nursing & Residential Care Facilities Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesNursing & Residential Care Facilities
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Nursing & Residential Care Facilities - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Nursing & Residential Care Facilities - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Nursing & Residential Care Facilities - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Inpatient skilled nursing services with rehabilitation services
Inpatient skilled nursing services without rehabilitation services
Assisted daily living services w/o rehab or counseling services
Independent living services
Assisted daily living services w/ mental rehab services (exc sub abuse)
Assisted daily living services with counseling services
Contributions, gifts, & grants - government
Assisted daily living services - physical/occupational rehab services
Inpatient rehabilitation services for substance abuse

Nursing & Residential Care Facilities - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%


Chief Executives0%
General and Operations Managers1%
Community and Social Service Occupations6%
Counselors, Social Workers, and Other Community and Social Service Specialists5%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors6%
Social Workers7%
Child, Family, and School Social Workers6%
Miscellaneous Community and Social Service Specialists6%
Social and Human Service Assistants5%
Healthcare Practitioners and Technical Occupations18%
Health Diagnosing and Treating Practitioners8%
Registered Nurses6%
Registered Nurses6%
Health Technologists and Technicians9%
Licensed Practical and Licensed Vocational Nurses8%
Licensed Practical and Licensed Vocational Nurses8%
Healthcare Support Occupations31%
Nursing, Psychiatric, and Home Health Aides29%
Nursing, Psychiatric, and Home Health Aides29%
Home Health Aides5%
Nursing Assistants24%
Food Preparation and Serving Related Occupations10%
Cooks and Food Preparation Workers6%
Food and Beverage Serving Workers9%
Food Servers, Nonrestaurant6%
Food Servers, Nonrestaurant6%
Building and Grounds Cleaning and Maintenance Occupations5%
Building Cleaning and Pest Control Workers5%
Building Cleaning Workers5%
Personal Care and Service Occupations18%
Other Personal Care and Service Workers17%
Childcare Workers12%
Childcare Workers12%
Personal Care Aides12%
Personal Care Aides12%
Residential Advisors5%
Residential Advisors5%
Office and Administrative Support Occupations8%

Government Contracts

In 2008, the federal government spent a total of $1,052,862,943 on the nursing & residential care facilities industry. It has awarded 9,475 contracts to 1,657 companies, with an average value of $635,403 per company.

Nursing & Residential Care Facilities and Adjacent Industries - Top Companies

($ Millions)


Nursing & Residential Care Facilities Industry Report
GeographyUnited States  
Publication DateOctober 2020
Report FormatPDF Download  

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