As of 2022, over half of the construction costs of senior housing in the United States came from hard costs such as site work, roofing, and foundation. The overall costs amounted to 333 U.S. dollars per square foot. The District of Columbia was one of the U.S. states with the highest rent for assisted living in 2021.
Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type
Hard costs include most of the construction work, from the foundation and the building shell construction, to the interior finishes, landscaping, signage, and labor. Meanwhile, soft costs refer to fees, loans, design, project management, etc.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CBRE Group. (September 14, 2022). Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/
CBRE Group. "Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type." Chart. September 14, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/
CBRE Group. (2022). Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/
CBRE Group. "Average Construction Costs of Senior Housing in The United States as of 3rd Quarter 2022, by Type." Statista, Statista Inc., 14 Sep 2022, https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/
CBRE Group, Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type Statista, https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/ (last visited November 21, 2024)
Average construction costs of senior housing in the United States as of 3rd quarter 2022, by type [Graph], CBRE Group, September 14, 2022. [Online]. Available: https://www.statista.com/statistics/1357612/senior-housing-construction-costs-in-the-us-by-type/
