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 measurementsincludes both public and private companies in the industry.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Market Size (Total Revenue)


% 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 Size All Industries Nursing & 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 Average Percent 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 Description Description Revenue
($ 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 Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 3%


Chief Executives 0%
General and Operations Managers 1%
Community and Social Service Occupations 6%
Counselors, Social Workers, and Other Community and Social Service Specialists 5%
Counselors 8%
Substance Abuse, Behavioral Disorder, and Mental Health Counselors 6%
Social Workers 7%
Child, Family, and School Social Workers 6%
Miscellaneous Community and Social Service Specialists 6%
Social and Human Service Assistants 5%
Healthcare Practitioners and Technical Occupations 18%
Health Diagnosing and Treating Practitioners 8%
Registered Nurses 6%
Registered Nurses 6%
Health Technologists and Technicians 9%
Licensed Practical and Licensed Vocational Nurses 8%
Licensed Practical and Licensed Vocational Nurses 8%
Healthcare Support Occupations 31%
Nursing, Psychiatric, and Home Health Aides 29%
Nursing, Psychiatric, and Home Health Aides 29%
Home Health Aides 5%
Nursing Assistants 24%
Food Preparation and Serving Related Occupations 10%
Cooks and Food Preparation Workers 6%
Food and Beverage Serving Workers 9%
Food Servers, Nonrestaurant 6%
Food Servers, Nonrestaurant 6%
Building and Grounds Cleaning and Maintenance Occupations 5%
Building Cleaning and Pest Control Workers 5%
Building Cleaning Workers 5%
Personal Care and Service Occupations 18%
Other Personal Care and Service Workers 17%
Childcare Workers 12%
Childcare Workers 12%
Personal Care Aides 12%
Personal Care Aides 12%
Residential Advisors 5%
Residential Advisors 5%
Office and Administrative Support Occupations 8%

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

Company Address Revenue
($ Millions)


Nursing & Residential Care Facilities Industry Report
Geography United States  
Publication Date May 2020
Report Format PDF Download  
Price $450

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