U.S. states ranked by their average healthcare facility age
As the population in the United States continues to age, more and more resources are being directed toward developing ways to provide the critical care necessary to keep people healthy. A substantial part of that investment is the creation or modernization of facilities where healthcare can be delivered in new and more effective ways.
As time passes and more facilities are built, they will require maintenance and renovations just like any other type of real estate. Below we’ve ranked states in the U.S. by the average age of their healthcare facilities.
State ranking by average age of facility
|Rank||State||Average age of facility (years)||Explore dataset|
The cost to renovate facilities continues to rise
Even as many states consider the need to address aging facilities, the cost of doing so continues to rise. According to data from the Federal Reserve Bank of St. Louis, total construction spending on healthcare facilities in the U.S. reached a seasonally adjusted annual rate of almost $54 billion in November 2022, up from $43.3 billion in November 2017, which is growth of about 4.5% annually.
Increased building costs have been a big part of the reason for the increase in overall spending. Since 2020 the input prices for final construction have increased by more than 33%. A number of factors are at play here, including increased costs for labor, as well as for raw materials like lumber and cement. However, as governments and central banks implement policies aimed at reducing inflation, there is widespread hope that these trends will subside, and prices will revert back to the long-term trend.
Which state has the oldest healthcare facilities?
Hawaii has the oldest healthcare facilities on average in the country at 22 years. Nevada, on the other hand, has the newest facilities on average at only 9.7 years.
Regionally, the northeast has the oldest facilities with an average of 14.8 years and the southwest has the newest facilities with an average age of 11.2 years.
Healthcare Insights are developed with healthcare commercial intelligence from the Definitive Healthcare platform. Want even more insights? Start a free trial now and get access to the latest healthcare commercial intelligence on hospitals, physicians, and other healthcare providers.