arrow made of money, pointing upward

Independent living fees monthly fees are expected to climb 3.71% in 2022, mainly due to workforce issues, according to the results of a new Ziegler survey of 250 not-for-profit senior living chief financial officers and other financial professionals.

Such expenses include wages and costs related to agency staff use and staff turnover.

For 2021, the median percentage increase in monthly fees for independent living — less than 3% — essentially was unchanged, according to poll results. Quarter over quarter, the ratings more or less have been consistent with previous years as well, Ziegler said.

Sixty-five percent of the respondents represented single-site organizations, and 35% were with multi-site organizations.