As the number of aging baby boomers increases drastically in the
coming years, where these older adults choose to live will no
doubt impact the senior living industry.
The population 65 and over increased from 36.6 million in 2005 to
47.8 million in 2015 and is projected to more than double to 98
million in 2060, according to a recent report from the
Administration for Community Living.
States that saw the largest increase in adults 65 and older from
2005 to 2015 include Arizona with a 48% increase, Colorado with a
53.8% hike, Georgia with 50.2%, South Carolina with 48.9% and
Nevada with 55.3%, according to the report.
The two states that had the most residents 65 and older in 2015
were California and Florida with 5,188,754 and 3,942,468