Analysis
NAICS 623311 is the 2022 national industry for continuing care retirement communities, part of 62331 (Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly). Census lists 3 example activities under it in the official index.
County Business Patterns counts 5,639 US establishments in this code in 2023, employing 455,640 people at an average annual payroll of $38,641 per employee (8th percentile of national industries). 12% of the establishments have fewer than five employees, which points to larger operations.
By establishments it ranks 2nd of the 2 codes at this level within Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly, with 21.3% of them.
Its index entries, the activities Census uses to assign businesses to this code, include assisted living facilities with on-site nursing facilities, continuing care retirement communities and retirement communities, continuing care.
Census lists 3 related activities that belong elsewhere, most often in 623110, 623312 and 531110. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
For example, providing inpatient nursing and rehabilitative services are classified in 623110 (Nursing Care Facilities (Skilled Nursing Facilities)) instead.
Official definition
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.
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Providing inpatient nursing and rehabilitative services | 623110 Nursing Care Facilities (Skilled Nursing Facilities) |
| Assisted living facilities without nursing care | 623312 Assisted Living Facilities for the Elderly |
| Apartment or condominium complexes where people live independently in rented housing units | 531110 Lessors of Residential Buildings and Dwellings |
Index entries (3)
- Assisted living facilities with on-site nursing facilities
- Continuing care retirement communities
- Retirement communities, continuing care