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Middlesex 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.
 
Yeshivas Emek Hatorah
Rabbi Jacob Joseph School  
New Brunswick Theological Seminary  
Princeton Theological Seminary  
Strayer University-New Jersey  
St Paul's School of Nursing-Staten Island  
Chamberlain University-New Jersey  
Wagner College  
Rider University  
Monmouth University  
Mercer County Community College  
Raritan Valley Community College  
Thomas Edison State University  
UCNJ Union College of Union County, NJ  
Princeton University  
Brookdale Community College  
College of Staten Island CUNY  
Middlesex College  
Kean University  
Rutgers University-New Brunswick  
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
65
27

43,738
6,879

50,617
33
8
29
15
0
0
3
2
10

36,588
0
95
5
0

14,029

15

15,003
15,804
16,263
17,239


37,717
37,717
56,479

48,804
48,804
67,566

30,390
30,390
49,152

32
8,737
3,341
739
657
0

4,187
931
51
116
489
951
2,097
1,783
708
2,609
1,830
2
1,878
432
6
18,070
77
21

10,477
2,875

13,352
27
20
5
34
0
0
2
6
6

11,234
3
78
19
0

2,118

17

12,445
12,595
12,972
13,426


34,430
34,430
42,080

35,420
35,420
43,070

19,312
19,312
26,962

0
2,313
582
26
46
0

698
0
0
4
4
281
28
20
53
3
34
0
211
16
8
1,360
NA
NA

4,219
7,252

11,471
22
10
20
34
0
0
3
7
3

11,471
22
60
18
0

0

20

3,708
3,996
4,284
4,524


NA
NA
NA

26,938
29,482
29,482

8,414
10,958
10,958

1,483
NA
NA
NA
NA
NA

325
0
46
8
69
61
16
16
38
4
70
1
98
15
9
776
NA
NA

7,884
2,852

10,736
43
13
13
26
0
0
3
0
2

9,786
9
77
14
0

950

16

7,490
7,490
7,490
7,490


33,359
33,359
41,309

34,612
34,612
42,562

13,806
13,806
21,756

456
1,352
282
22
0
0

510
0
0
21
56
112
29
84
55
2
96
0
161
25
22
1,173
NA
NA

4,029
5,887

9,916
55
8
4
23
0
0
3
5
2

9,916
18
63
18
1

0

18

5,639
5,639
5,783
5,921


NA
NA
NA

25,539
28,674
29,424

15,720
18,855
19,605

1,426
NA
NA
NA
NA
NA

354
4
25
9
128
17
19
6
23
0
4
0
55
11
4
659
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

3,649
4,432

8,081
14
28
4
46
0
0
2
3
1

8,081
1
63
36
0

0

21

5,281
5,281
5,281
5,280


NA
NA
NA

24,812
29,032
29,032

12,134
16,354
16,354

1,404
NA
NA
NA
NA
NA

220
0
0
7
151
50
17
13
9
0
59
0
41
6
3
576
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
90
13

4,287
694

4,981
69
5
3
16
0
0
2
3
2

3,842
1
97
2
0

1,139

12

40,680
41,680
43,216
44,850


67,924
67,924
67,924

65,465
65,465
65,465

50,506
50,506
50,506

0
934
500
0
25
0

380
0
0
13
25
67
55
39
138
12
119
0
121
0
0
969
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
83
20

1,672
260

1,932
58
7
5
15
0
0
3
5
7

1,592
0
95
5
0

340

16

50,010
50,330
51,260
52,000


71,574
71,574
71,574

72,085
72,085
72,085

55,974
55,974
55,974

0
380
136
0
10
0

190
0
4
9
35
29
15
14
66
5
54
0
48
23
15
507
90
78

452
864

1,316
20
45
9
21
0
0
1
2
1

1,316
0
24
76
0

0

12

19,766
19,982
20,142
20,462


NA
NA
NA

45,594
45,594
45,594

28,870
28,870
28,870

0
299
0
0
0
0

49
0
0
0
30
3
3
1
0
0
0
0
2
0
0
88
NA
NA

661
0

661
29
35
6
23
0
0
3
4
0

661
0
36
64
0

0

15

17,731
18,075
17,300
17,525


NA
NA
NA

44,677
44,677
44,677

24,185
24,185
24,185

235
NA
NA
NA
NA
NA

44
0
0
1
2
6
3
1
7
0
0
0
2
0
0
66
NA
NA

28
574

602
15
55
2
20
0
1
4
3
0

538
0
11
88
1

64

39

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


NA
NA
NA

25,158
25,158
25,158

15,720
15,720
15,720

27
73
18
0
0
0

3
0
0
0
3
3
1
0
0
0
0
2
0
0
0
12
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
NA
NA

17
114

131
22
59
9
9
0
0
0
1
0

0
NA
NA
NA
NA

131

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
19
9
0
0

14
0
0
1
4
4
1
0
0
0
3
0
5
0
0
32
90
100

96
0

96
96
0
0
0
0
0
0
0
4

96
28
72
0
0

0

16

11,950
12,200
12,700
12,700


22,600
22,600
22,600

NA
NA
NA

NA
NA
NA

0
5
0
0
0
0

6
0
0
0
0
2
1
0
0
0
3
0
1
0
0
13
100
100

93
0

93
100
0
0
0
0
0
0
0
0

93
31
69
0
0

0

19

10,150
9,350
9,750
9,750


19,250
19,250
19,250

34,750
34,750
34,750

22,850
22,850
22,850

0
1
0
0
0
0

5
0
0
0
0
0
2
0
0
0
0
0
0
0
0
7

Page 1 of 2
Yeshiva Gedolah Zichron Leyma
Yeshivas Be'er Yitzchok  
Yeshiva Gedolah of Cliffwood  
Yeshiva Gedolah Tiferes Boruch  
Torah Temimah Talmudical Seminary  
DeVry University-New Jersey  
Talmudical Academy-New Jersey  
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
42
100

78
0

78
95
0
0
0
0
0
0
0
5

78
1
97
1
0

0

20

13,900
14,300
14,300
15,800


25,100
25,100
25,100

40,800
40,800
40,800

25,900
25,900
25,900

0
5
0
0
0
0

4
0
0
0
0
0
1
0
0
0
1
0
1
0
0
7
100
100

56
18

74
23
32
8
20
0
0
0
7
9

68
0
28
72
0

6

3

18,096
17,488
17,488
17,488


NA
NA
NA

42,312
42,312
42,312

25,596
25,596
25,596

1
18
5
0
0
0

16
0
0
0
20
3
0
0
0
0
0
0
0
0
0
39
65
64

73
0

73
93
0
0
0
0
0
0
0
7

73
5
92
3
0

0

24

11,050
11,850
11,850
9,600


20,100
20,100
20,100

34,000
34,000
34,000

19,700
19,700
19,700

0
6
0
0
0
0

3
0
0
0
0
0
1
0
0
0
0
0
1
0
0
5
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
80
60

55
0

55
91
0
0
0
0
0
0
0
9

55
7
93
0
0

0

18

7,850
8,550
8,550
8,550


17,850
17,850
17,850

NA
NA
NA

NA
NA
NA

0
6
0
0
0
0

3
0
0
0
0
1
0
0
0
0
1
0
0
0
0
5
100
100

51
1

52
92
0
0
0
0
0
0
0
8

52
2
63
35
0

0

7

10,900
10,900
11,450
11,450


22,950
22,950
22,950

36,850
36,850
36,850

21,550
21,550
21,550

0
21
0
0
0
0

7
0
0
0
0
1
0
0
0
0
0
0
0
0
0
8
71
67

47
0

47
87
0
0
0
0
0
0
0
13

47
21
79
0
0

0

9

10,750
10,750
11,350
11,350


19,850
19,850
19,850

35,550
35,550
35,550

21,450
21,450
21,450

0
2
0
0
0
0

5
0
0
0
0
1
0
0
0
0
0
0
0
0
0
6

Page 2 of 2


Sources: STI: PopStats and STI: Colossus