New data recently released by the U.S. Census Bureau shows the growth rate of the senior population by state.  As we prepare market studies and feasibility studies for new or expanding senior housing and care communities, a critical factor in our market research is the expected growth in targeted age groups. As has been projected, Colorado ranked in the top 7 states for the growth rate of both the age 60+ population and the age 85+population between 2000 and 2010.

As a state with one of the highest proportions of baby boomers in the population, it is no surprise that Colorado is ranked number 3 out of 50 in percentage growth in the age 60+ population. Whether they like it or not, many of those boomers turned 60 during the last decade.

Surprising, given Colorado’s historically low proportion of seniors, is our ranking as the state with the 7th highest growth rate of the age 85+ population between 2000 and 2010.  This ranking is particularly important given that those age 85+ are the primary customers of most senior independent living, assisted living, and skilled nursing.

Questions?  Call or email us.

This entry was posted on Sunday, September 18th, 2011 at 5:52 am and is filed under Recently Released Senior Housing Research. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.