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Retirement Communities in Tennessee

Author.Name IBISWorld United States Last Updated: April 2025 NAICS TN62331

Retirement Communities in Tennessee industry analysis

The Retirement Communities industry in Tennessee is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Retirement Communities in Tennessee Market Research Report

What’s Included in the Retirement Communities in Tennessee Market Research Report

Definition of the Retirement Communities in Tennessee?

This industry provides residential and personal care services for older adults and other individuals who cannot fully care for themselves or want to live in a community facility. The care typically includes room, board, supervision, and assistance in daily living, such as housekeeping services. Some establishments provide skilled nursing care for residents in separate on-site facilities.

What’s included in the Retirement Communities in Tennessee?

The Retirement Communities in Tennessee includes continuing care retirement communities and assisted living facilities and homes for the elderly. Related terms covered in the Retirement Communities in Tennessee industry report includes everyday activities include bathing, grooming, eating, using the toilet and getting dressed, a facility that provides individuals with a choice of services and living situations for the remainder of their lives, care and comfort measures provided to those with a terminal illness and their families can include medical, counseling and social services, a state-licensed nursing home provides 24-hour nursing care, room and board. there are activities for convalescent residents and those with long-term and chronic illnesses and care provided to individuals with memory impairment can include medical and social assistance with activities of daily living.

Industry Performance of the Retirement Communities industry in Tennessee

Benchmark the Retirement Communities in Tennessee industry performance with all TN county and national performance.

Retirement Communities in Tennessee

#24 in Highest Revenue 1.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Retirement Communities in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Retirement Communities industry in Tennessee

See how key industry drivers, such as unemployment rate, house price index, per capita disposable income, number of adults aged 65 and older, federal funding for medicare and medicaid and house price index are impacting Retirement Communities in Tennessee

Tennessee Economic Indicators

Unemployment Rate
House Price Index
Per Capita Disposable Income

View more economic information in TN State Economic profile

US Key External Drivers

Number of adults aged 65 and older
Federal funding for Medicare and Medicaid
House price index

For the full list of industry drivers, see report purchase options.

County Data of the Retirement Communities industry in Tennessee

Access proprietary data on county in the Retirement Communities in Tennessee, such as Shelby County, Davidson County and Knox County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Retirement Communities industry in Tennessee

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Retirement Communities industry in Tennessee in 2025?

The market size of the Retirement Communities industry in Tennessee is $1.3bn in 2025.

How many businesses are there in the Retirement Communities industry in Tennessee in 2025?

There are 395 businesses in the Retirement Communities industry in Tennessee, which has been growing at an average annual rate of 1.4% from 2020 to 2025.

Has the Retirement Communities industry in Tennessee grown or declined over the past 5 years?

The market size of the Retirement Communities industry in Tennessee has been growing at an average annual rate of 1.1% from 2020 to 2025.

How many employees in the Retirement Communities industry in Tennessee in 2025?

There are 15,354 employees in the Retirement Communities industry in Tennessee, which has been declining at an average annual rate of -0.9% from 2020 to 2025.