The Future of Assisted Living NJ

In the 1990’s the concept of assisted living NJ was just starting to offer the elderly a housing option other than nursing homes. Initially, this industry had very few rules and regulations. Today, there are many regulations and governing agencies in place to ensure assisted living NJ residents receive the best possible care.

Assisted Living NJ Statistics

According to one study, capital investment for assisted living will be approximately $490 billion by 2030. As a comparison, approximately $86 billion was invested in 1996. This investment will ensure the best possible facilities are developed and the highest level of care is provided to their residents. In 2002, American Housing Association approximated a figure of 7150 assisted facilities that were home to 500,000 seniors in the United States. That works out at an average of 74 residents per facility. By 2007, a report published by the U.S. Department of Health and Human Services, there are approximately 38,000 assisted living residences in the United States housing about 975,000 people.

According to a study by MetLife, the average cost per day of an assisted living NJ facility can cost between $100 and $250 per day, depending on the level of care required. The average number of residents for assisted living NJ facilities is usually between 75 and 200 and again will vary depending on the services the assisted living NJ facility can provide.

Assisted Living NJ

The total number of assisted living NJ facilities total in the triple digits. There are a variety of different agencies and organizations family members can look to for guidance to make sure they are making a sound decision on the right assisted living NJ facility. In addition to the New Jersey Health and Senior Services, consumers can contact the Consumer Consortium on Assisted Living, the Assisted Living Federation of America and the National Center for Assisted Living for additional information and research on selecting the best assisted living NJ facility for a loved one and additional statistics.