Spending on home healthcare has grown by 24.8% over the past 18 months, more than double the growth in personal healthcare spending overall.

The wage and benefits costs that nursing homes and residential care facilities pay workers increased by 0.7% in the fourth quarter of 2024.

Nurse practitioner jobs pay well and are in high demand, US News & World Report ranking them first among the top 100 jobs.

The senior living sector’s gradual rebound from the pandemic’s disruptions will continue to gain momentum this year.