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Hunterdon County – Colleges/Universities 2023-2024

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Universities play a crucial role in shaping local economies by driving employment, fostering business growth, attracting investment, and enhancing the overall quality of life in their host communities. Their economic impact extends beyond direct spending to include long-term benefits such as workforce development, innovation, and cultural enrichment. Below, we explore the key ways in which a university influences a local economy.

  1. Direct Employment and Spending A university is often one of the largest employers in a local area, providing jobs for faculty, administrative staff, maintenance workers, and other professionals. These employees spend their salaries on housing, groceries, transportation, and entertainment, injecting money into the local economy. Additionally, universities spend significant amounts on construction, utilities, and local services, further stimulating business activity.

    Students also contribute to local spending. Many bring outside money into the community through tuition payments, federal aid, and personal expenditures on rent, food, and retail. A large student population can sustain businesses such as bookstores, coffee shops, restaurants, and housing providers.

  2. Business Development and Entrepreneurship Universities often serve as hubs for innovation and entrepreneurship. Research institutions, business incubators, and technology transfer offices help commercialize academic research, leading to startup formation and industry partnerships. For example, Stanford University's role in Silicon Valley's growth demonstrates how academic institutions can spur regional economic development.

    Local businesses benefit from university partnerships, including procurement contracts for supplies, catering, and maintenance services. Furthermore, universities attract conferences, sporting events, and cultural activities that generate tourism revenue for hotels, restaurants, and transportation services.

  3. Human Capital and Workforce Development A well-educated workforce is essential for economic competitiveness. Universities produce graduates with specialized skills that attract high-paying industries, such as technology, healthcare, and finance. Many graduates remain in the area, filling critical roles in local businesses and government.

    Universities also offer continuing education programs, professional certifications, and workforce training initiatives that help upskill local employees, making the regional labor market more adaptable to industry changes.

  4. Real Estate and Infrastructure Growth The presence of a university can drive demand for housing, both from students and faculty. This often leads to the development of new apartments, condominiums, and mixed-use commercial spaces. Over time, universities contribute to urban revitalization by investing in campus expansions, public transit improvements, and community amenities like libraries and parks.

    However, rapid growth can also lead to challenges, such as rising housing costs and gentrification, which may displace long-term residents. Local governments must balance economic expansion with policies that ensure affordable housing and equitable development.

  5. Cultural and Social Contributions Beyond economics, universities enrich local culture through arts programs, public lectures, and athletic events. These activities improve residents' quality of life, making the area more attractive to businesses and skilled workers. A vibrant university town often sees increased property values and a more diverse, engaged community.


Conclusion

The economic impact of a university on a local economy is multifaceted, encompassing job creation, business growth, talent development, and infrastructure investment. While challenges such as affordability and displacement must be managed, the long-term benefits-including innovation, increased tax revenues, and a more dynamic workforce-make universities vital engines of regional prosperity. By fostering collaboration between academia, government, and industry, communities can maximize these advantages while ensuring inclusive growth.
 
Yeshiva Gedolah Tiferes Boruch
Won Institute of Graduate Studies  
Rabbinical College of America  
Princeton Theological Seminary  
Pennco Tech-Bristol  
Saint Elizabeth University  
Cairn University-Langhorne  
Centenary University  
Strayer University-Pennsylvania  
Delaware Valley University  
Drew University  
Fairleigh Dickinson University-Florham Campus  
Warren County Community College  
Rider University  
County College of Morris  
Bucks County Community College  
Mercer County Community College  
Raritan Valley Community College  
Thomas Edison State University  
Princeton University  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
4
77

8,849
73

8,922
33
7
19
9
0
0
6
4
24

5,671
1
98
1
0

3,251

5

48,502
56,010
57,410
59,710


84,040
84,040
84,040

NA
NA
NA

NA
NA
NA

0
1,284
661
445
0
0

1,115
0
0
305
82
901
387
1,720
278
88
916
1
1,078
508
0
7,379
NA
NA

96
7,491

7,587
46
15
5
15
0
0
4
14
1

6,773
0
12
88
0

814

15

7,182
7,182
7,372
6,638


NA
NA
NA

14,008
14,008
15,968

8,905
8,905
10,865

379
1,334
212
0
32
0

0
0
0
0
34
101
27
14
75
0
0
0
45
0
0
296
NA
NA

2,747
3,840

6,587
40
11
8
28
0
0
3
9
1

6,587
12
65
23
0

0

19

5,232
5,232
5,376
5,520


NA
NA
NA

22,445
24,365
24,365

10,445
12,365
12,365

912
NA
NA
NA
NA
NA

215
0
0
3
83
42
2
0
0
0
19
0
112
10
0
486
NA
NA

2,029
4,190

6,219
31
18
8
26
0
0
3
7
6

6,219
11
61
27
1

0

16

4,578
4,728
4,854
5,082


NA
NA
NA

19,406
20,757
23,266

10,830
12,181
14,690

713
NA
NA
NA
NA
NA

208
0
0
9
42
73
19
11
43
0
37
0
78
17
18
555
NA
NA

2,115
3,983

6,098
68
7
7
12
0
0
3
3
0

6,098
9
67
23
1

0

13

4,898
4,898
5,021
5,021


NA
NA
NA

18,821
23,021
27,221

9,521
13,721
17,921

896
NA
NA
NA
NA
NA

267
0
0
9
32
75
47
25
2
0
45
1
81
16
0
600
NA
NA

2,732
3,337

6,069
44
5
5
27
0
0
3
13
2

6,069
6
73
20
1

0

17

5,400
5,520
5,940
6,210


NA
NA
NA

23,180
27,500
31,280

11,800
16,120
19,900

1,038
NA
NA
NA
NA
NA

228
0
0
3
2
50
17
28
29
2
47
0
72
12
3
493
79
11

3,364
719

4,083
55
13
5
17
0
0
3
3
4

3,244
0
93
7
0

839

12

45,860
36,475
37,475
38,900


59,130
59,130
59,130

49,400
49,400
49,400

42,900
42,900
42,900

5
765
368
13
0
0

226
0
0
12
45
71
50
15
74
1
35
0
61
19
0
609
NA
NA

682
2,660

3,342
18
3
1
6
0
0
1
70
0

3,342
73
19
8
0

0

19

5,190
5,190
5,190
5,310


NA
NA
NA

17,710
18,010
18,310

12,710
13,010
13,310

160
NA
NA
NA
NA
NA

37
0
1
1
9
6
5
0
2
0
2
0
7
0
0
70
95
12

2,498
280

2,778
49
10
7
22
0
0
3
4
4

1,997
1
96
3
0

781

11

44,740
33,114
34,404
35,822


58,514
58,514
58,514

59,986
59,986
59,986

43,884
43,884
43,884

2
503
311
0
73
0

224
0
0
6
1
57
25
14
41
8
29
0
43
1
2
451
69
13

1,834
392

2,226
51
11
4
4
0
0
3
7
20

1,624
0
96
3
1

602

11

40,960
42,952
44,174
45,360


68,495
68,495
68,495

71,824
71,824
71,824

52,467
52,467
52,467

0
380
101
54
0
0

181
0
0
10
8
50
17
5
49
3
7
0
31
3
0
364
92
22

1,690
499

2,189
69
8
2
9
0
0
3
10
0

1,759
5
90
5
0

430

14

40,620
41,380
42,120
43,300


61,090
61,090
61,090

61,090
61,090
61,090

49,960
49,960
49,960

4
344
106
29
0
0

135
0
0
5
56
17
24
12
38
9
27
0
16
24
0
363
NA
NA

109
1,394

1,503
27
51
1
15
0
0
3
2
0

1,334
0
13
86
1

169

39

13,515
13,515
13,515
13,920


NA
NA
NA

25,158
25,158
25,158

15,720
15,720
15,720

65
177
58
0
0
0

13
0
0
0
11
11
2
0
0
0
0
7
1
0
0
45
97
14

920
533

1,453
62
6
2
16
0
0
0
10
4

951
0
90
9
0

502

12

34,498
34,498
35,934
37,732


55,244
55,244
55,244

55,426
55,426
55,426

43,346
43,346
43,346

4
245
120
12
0
0

94
2
0
5
7
25
9
1
45
2
7
0
18
12
0
227
84
62

791
265

1,056
59
9
5
4
0
0
7
11
6

855
7
87
5
0

201

11

29,853
31,020
31,965
32,625


48,107
48,107
48,107

47,975
47,975
47,975

35,873
35,873
35,873

11
161
102
0
0
0

77
0
0
2
0
21
8
8
11
1
15
6
18
0
0
167
77
10

774
235

1,009
27
29
4
26
0
1
1
11
1

670
4
83
13
0

339

11

34,876
34,876
34,930
35,942


54,768
54,768
54,768

57,642
57,642
57,642

43,642
43,642
43,642

0
169
130
18
0
0

93
0
0
2
22
8
10
11
26
2
3
0
22
5
0
204
NA
NA

441
162

603
44
23
2
27
0
0
4
0
0

603
0
67
33
0

0

13

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

28
NA
NA
NA
NA
NA

39
0
0
0
4
12
1
1
0
0
11
11
21
0
0
100
NA
NA

279
8

287
51
16
6
7
0
0
3
7
9

0
NA
NA
NA
NA

287

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
118
7
0
0

39
8
0
18
0
48
13
13
8
2
21
0
43
23
0
236
87
87

206
0

206
83
0
0
0
0
0
0
0
17

197
25
74
1
0

9

12

12,000
12,000
13,000
13,000


27,300
27,300
27,300

38,000
38,000
38,000

23,100
23,100
23,100

0
28
5
0
0
0

17
0
0
0
0
3
3
0
0
0
12
0
3
0
0
38
NA
NA

100
12

112
57
7
14
14
0
1
4
1
1

0
NA
NA
NA
NA

112

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
17
0
0
15

27
0
0
1
3
3
1
0
1
0
0
0
5
1
0
42
100
100

70
0

70
100
0
0
0
0
0
0
0
0

70
27
73
0
0

0

18

9,850
9,850
9,850
9,850


17,600
17,600
17,600

NA
NA
NA

NA
NA
NA

0
2
0
0
0
0

4
0
0
0
0
0
1
0
0
0
0
0
0
0
0
5

Page 1 of 2
Assumption College for Sisters
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
NA
NA

20
15

35
17
0
23
9
0
0
0
0
51

35
0
3
97
0

0

5

5,773
5,773
5,773
5,773


14,158
14,158
14,158

15,783
15,783
15,783

7,783
7,783
7,783

6
NA
NA
NA
NA
NA

6
0
0
0
0
1
1
0
0
1
1
0
1
0
0
11

Page 2 of 2


Sources: STI: PopStats and STI: Colossus