Employment
508,230
Total employees (Census CBP)
Health Care and Social Assistance ·NAICS 623312
NAICS 623312 · IRS SOI (C corp) · Census CBP 2023
Assisted Living Facilities for the Elderly - Industry Benchmarks
$34,874/yr average annual pay, with 1,769 SBA loans on record for NAICS 623312.
- 5.3%
- Health Care and Social Assistance sector margin
- 508K
- Workers employed
- $34,874/yr
- Avg payroll / employee
- $2.2B
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 623312
California leads Assisted Living Facilities for the Elderly activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Health Care and Social Assistance sector runs a 5.3% net margin.
- 5.3%
- Health Care and Social Assistance sector margin (IRS SOI)
- 508K
- Workers employed (Census CBP)
- $34,874/yr
- Avg payroll / employee
- $2.2B
- SBA lending, FY20–26
Use Assisted Living Facilities for the Elderly's NAICS benchmark as a comparison point, not a forecast for one business.
Assisted Living Facilities for the Elderly is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Assisted Living Facilities for the Elderly
Assisted Living Facilities for the Elderly sits inside Health Care and Social Assistance, a sector that runs a 5.3% net margin overall.
20,884 establishments employ 508,230 workers (24.3/location) at $34,874/yr average annual pay. California leads employment, followed by Florida and Texas.
Assisted Living Facilities for the Elderly sits in the 94th percentile for employment among 6-digit NAICS industries with reported data.
Avg Payroll / Employee
$34,874/yr
Annual compensation
Establishments
20,884
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 11,428; establishment count decreased by 468. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $17.7B
- Avg Employees per Establishment
- 24.3
Top States by Employment
| State | Employment |
|---|---|
| California | 62,325 |
| Florida | 35,181 |
| Texas | 29,804 |
| New York | 25,355 |
| Washington | 21,682 |
| Pennsylvania | 21,243 |
| Michigan | 20,091 |
| North Carolina | 18,520 |
| Wisconsin | 18,175 |
| Oregon | 17,599 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
1,769
Total Loan Volume
$2.2B
Avg Loan Size
$1248K
Jobs Supported
24,911
Program Breakdown
7(a) 1,449 (82%)
504 320 (18%)
Top SBA Lender
Live Oak Banking Company
141 loans in this industry
New Business Share
36.9% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 226
2021 354
2022 270
2023 239
2024 285
2025 345
2026 50
Frequently Asked Questions
How profitable is Assisted Living Facilities for the Elderly?
IRS SOI doesn't publish margin data at the NAICS 623312 level. California leads this industry nationally. The broader Health Care and Social Assistance sector runs a 5.3% net margin (IRS SOI 2013 C corp).
How many businesses are in Assisted Living Facilities for the Elderly?
20,884 business establishments. Together they employ 508,230 workers.
What is the average payroll per employee in Assisted Living Facilities for the Elderly?
$34,874/yr average annual pay per employee. Businesses average 24.3 employees per establishment.
Which states have the most Assisted Living Facilities for the Elderly employment?
California leads with 62,325 workers. Florida (35,181) and Texas (29,804) round out the top three.
How much SBA lending does Assisted Living Facilities for the Elderly receive?
Assisted Living Facilities for the Elderly businesses received 1,769 SBA loans totaling $2.2 billion between FY2020 and FY2026. The average loan size was $1248K. These loans supported 24,911 jobs at origination. Most lending (82%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Assisted Living Facilities for the Elderly, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Assisted Living Facilities for the Elderly ranks #49 of 801 U.S. industries at the 6-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (508,230 here).
Read with this industry: Industry employment trends · Health Care and Social Assistance · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 623312 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.