Industry Description
This U.S. industry comprises establishments primarily engaged in providing a range of residential and personal care services with on-site nursing care facilities for (1) the elderly and other persons who are unable to fully care for themselves and/or (2) the elderly and other persons who do not desire to live independently. Individuals live in a variety of residential settings with meals, housekeeping, social, leisure, and other services available to assist residents in daily living. Assisted living facilities with on-site nursing care facilities are included in this industry.
Cross-References.
Business Examples
Common types of business activities within NAICS 623311 - Continuing Care Retirement Communities are:
- Retirement communities, continuing care
- Continuing care retirement communities
- Assisted living facilities with on-site nursing facilities
IBISWorld Industry Research Report
Retirement Communities in the US (62331)
Revenue 2024
$89.1bn
Growth 2024
1.80%
Key Trends
The rising medical needs of aging population currently characterize trends in the broader healthcare sector
An aging population and growing needs for memory care are driving demand
An aging population will continue to drive resident numbers at retirement homes
Products and Services
Similar Industries
For some business types, there may be a similar industry to 623311 - Continuing Care Retirement Communities that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Apartment or condominium complexes where people live independently in rented housing units are classified in Industry 531110, Lessors of Residential Buildings and Dwellings.
IBISWorld industry research report
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NAICS Cross Reference
Establishments primarily engaged in providing inpatient nursing and rehabilitative services are classified in Industry 623110, Nursing Care Facilities (Skilled Nursing Facilities);
IBISWorld industry research report
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NAICS Cross Reference
Assisted living facilities without on-site nursing care facilities are classified in U.S. Industry 623312, Assisted Living Facilities for the Elderly; and
IBISWorld industry research report
NAICS Hierarchy 623311 - Continuing Care Retirement Communities
NAICS Code 623311 - Continuing Care Retirement Communities sits in the 2-digit Continuing Care Retirement Communities sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 62
Sector Title: Health Care and Social Assistance
3 Digits 4 Digits 5 Digits 6 Digits
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6211 Offices of Physicians
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6212 Offices of Dentists
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62121 Offices of Dentists
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6213 Offices of Other Health Practitioners
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62131 Offices of Chiropractors
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62132 Offices of Optometrists
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62133 Offices of Mental Health Practitioners (except Physicians
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62134 Offices of Physical, Occupational and Speech Therapists, and Audiologists
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62139 Offices of All Other Health Practitioners
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6214 Outpatient Care Centers
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62141 Family Planning Centers
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62142 Outpatient Mental Health and Substance Abuse Centers
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62149 Other Outpatient Care Centers
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6215 Medical and Diagnostic Laboratories
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62151 Medical and Diagnostic Laboratories
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6216 Home Health Care Services
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62161 Home Health Care Services
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6219 Other Ambulatory Health Care Services
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62191 Ambulance Services
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62199 All Other Ambulatory Health Care Services
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6221 General Medical and Surgical Hospitals
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62211 General Medical and Surgical Hospitals
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6222 Psychiatric and Substance Abuse Hospitals
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62221 Psychiatric and Substance Abuse Hospitals
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6223 Specialty (except Psychiatric and Substance Abuse) Hospitals
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62231 Specialty (except Psychiatric and Substance Abuse) Hospitals
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6231 Nursing Care Facilities (Skilled Nursing Facilities
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62311 Nursing Care Facilities (Skilled Nursing Facilities
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6232 Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities
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62321 Residential Intellectual and Developmental Disability Facilities
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62322 Residential Mental Health and Substance Abuse Facilities
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6233 Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly
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62331 Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly
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6239 Other Residential Care Facilities
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62399 Other Residential Care Facilities
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6241 Individual and Family Services
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62411 Child and Youth Services
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62412 Services for the Elderly and Persons with Disabilities
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62419 Other Individual and Family Services
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6242 Community Food and Housing, and Emergency and Other Relief Services
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62421 Community Food Services
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62422 Community Housing Services
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62423 Emergency and Other Relief Services
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6243 Vocational Rehabilitation Services
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62431 Vocational Rehabilitation Services
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6244 Child Day Care Services
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62441 Child Day Care Services
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 623311 - Continuing Care Retirement Communities.
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