Industry overview The funeral industry is significant both emotionally and economically, providing essential services while helping families find closure. Here’s a snapshot of its scale and scope today: Nearly 89% are family-owned. 15,700 funeral homes currently operated across the United States. About 3.2 million Americans die each year. The average funeral cost is around $7,850. 61.9% of Americans choose cremation. The U.S. funeral home market was valued at $16.3 billion in 2025. Projected to reach $20.6 billion in 2029.
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