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Ocean 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 Yesodei Hatorah
Talmudical Academy-New Jersey  
Yeshiva Chemdas Hatorah  
Yeshiva Gedolah of Woodlake Village  
Rabbinical Seminary Mkor Chaim  
Yeshivas Emek Hatorah  
Beth Medrash of Asbury Park  
Bais Medrash Toras Chesed  
Yeshiva Gedolah Shaarei Shmuel  
Yeshiva Gedola Tiferes Yerachmiel  
Seminary Bnos Chaim  
Yeshiva Gedolah Keren Hatorah  
Yeshiva Toras Chaim  
Georgian Court University  
Atlantic Cape Community College  
Monmouth University  
Rowan College at Burlington County  
Ocean County College  
Stockton University  
Brookdale Community College  
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

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
88
19

7,869
919

8,788
59
10
7
19
0
0
4
1
1

7,812
0
89
11
0

976

17

14,599
14,885
15,188
15,532


39,034
39,034
46,922

33,855
33,855
41,743

24,844
24,844
32,732

0
2,124
317
16
33
0

466
0
0
7
88
91
44
72
61
4
157
1
225
87
3
1,306
NA
NA

3,179
4,250

7,429
66
5
2
20
0
0
3
2
1

7,429
16
64
20
0

0

20

4,530
4,530
4,530
4,690


NA
NA
NA

35,658
36,090
37,818

11,262
11,694
13,422

1,346
NA
NA
NA
NA
NA

229
0
0
5
56
38
52
25
40
1
38
1
69
7
0
561
NA
NA

3,225
3,322

6,547
51
19
5
17
0
0
4
2
2

6,547
2
69
29
0

0

21

4,730
4,730
4,860
4,968


NA
NA
NA

19,222
19,630
21,190

9,222
9,630
11,190

1,426
NA
NA
NA
NA
NA

195
0
0
5
21
68
22
10
33
3
43
0
56
8
8
472
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
NA
NA

1,737
2,536

4,273
41
14
6
29
0
0
4
4
2

4,273
3
65
31
0

0

16

5,340
5,340
4,272
4,863


NA
NA
NA

32,111
33,311
34,511

11,727
12,927
14,127

643
NA
NA
NA
NA
NA

159
0
0
8
6
40
35
28
30
0
40
0
39
12
1
398
71
14

1,243
667

1,910
62
8
2
14
0
0
3
9
3

1,478
18
69
13
0

432

10

33,640
34,481
35,516
37,110


55,920
55,920
55,920

53,534
53,534
53,534

43,010
43,010
43,010

0
357
133
0
4
0

137
0
0
4
23
14
21
9
31
5
13
0
35
0
0
292
98
100

225
0

225
85
0
0
0
0
0
0
0
15

225
16
84
0
0

0

23

12,250
12,250
12,750
12,750


24,450
24,450
24,450

37,750
37,750
37,750

22,850
22,850
22,850

0
16
0
0
0
0

10
0
0
0
0
3
2
0
0
0
4
0
0
0
0
19
95
100

189
0

189
100
0
0
0
0
0
0
0
0

189
22
78
0
0

0

32

8,650
9,050
9,550
9,950


17,750
17,750
17,750

34,950
34,950
34,950

23,050
23,050
23,050

39
0
0
0
0
0

6
0
0
0
0
2
2
0
0
0
0
0
0
0
0
10
43
65

162
15

177
100
0
0
0
0
0
0
0
0

177
6
94
0
0

0

14

11,900
11,900
12,350
12,600


NA
NA
NA

37,600
37,600
37,600

25,700
25,700
25,700

89
NA
NA
NA
NA
NA

12
0
0
0
0
0
3
0
0
0
0
0
4
0
0
19
43
85

172
0

172
90
0
0
0
0
0
0
0
10

172
2
98
0
0

0

19

9,050
9,050
9,400
9,400


17,050
17,050
17,050

NA
NA
NA

NA
NA
NA

59
1
0
0
0
0

9
0
0
0
0
2
0
0
0
0
2
0
1
0
0
14
53
83

132
0

132
100
0
0
0
0
0
0
0
0

132
28
72
0
0

0

26

8,800
9,510
9,720
9,720


18,820
18,820
18,820

35,120
35,120
35,120

19,820
19,820
19,820

17
0
0
0
0
0

5
0
0
0
0
1
1
0
0
0
0
0
0
0
0
7
63
72

124
1

125
100
0
0
0
0
0
0
0
0

125
2
95
3
0

0

16

7,200
7,200
7,800
8,100


14,000
14,000
14,000

NA
NA
NA

NA
NA
NA

0
14
0
0
0
0

8
0
0
0
0
1
0
0
0
0
1
1
0
0
0
11
42
82

109
0

109
84
0
0
0
0
0
0
0
16

109
9
91
0
0

0

22

12,350
12,350
12,010
12,010


21,110
21,110
21,110

NA
NA
NA

NA
NA
NA

0
3
0
0
0
0

5
0
0
0
0
1
0
0
0
0
0
0
0
0
0
6
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
100
100

81
0

81
100
0
0
0
0
0
0
0
0

81
41
58
1
0

0

16

8,300
8,450
8,450
8,450


17,750
17,750
17,750

33,450
33,450
33,450

18,550
18,550
18,550

0
0
0
0
0
0

5
0
0
0
0
2
0
0
0
0
0
0
0
0
0
7
95
100

79
0

79
85
0
0
0
0
0
0
0
15

79
20
80
0
0

0

16

8,650
8,700
8,850
9,030


17,000
17,000
17,000

34,030
34,030
34,030

22,130
22,130
22,130

23
8
0
0
0
0

5
0
0
0
0
1
2
0
0
0
0
0
0
0
0
8
75
100

79
0

79
95
0
0
0
0
0
0
0
5

79
29
71
0
0

0

13

12,150
12,150
12,150
12,150


22,130
22,130
22,130

34,790
34,790
34,790

22,250
22,250
22,250

20
1
0
0
0
0

6
0
0
0
0
0
1
0
0
0
0
0
0
0
0
7
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
87

72
0

72
94
0
0
0
0
0
0
0
6

72
33
67
0
0

0

9

12,500
12,500
12,500
12,500


21,600
21,600
21,600

37,500
37,500
37,500

25,600
25,600
25,600

0
7
0
0
0
0

8
0
0
0
0
3
2
0
0
0
0
0
0
0
0
13

Page 1 of 2
Yeshiva Bais Aharon
Bais Medrash Mayan Hatorah  
Yeshiva Gedolah of Cliffwood  
Keser Torah-Mayan Hatalmud  
Yeshiva Gedola Tiferes Yaakov Yitzchok  
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
50
100

69
0

69
100
0
0
0
0
0
0
0
0

69
25
75
0
0

0

12

13,000
13,000
13,700
13,700


22,200
22,200
22,200

NA
NA
NA

NA
NA
NA

15
14
0
0
0
0

6
0
0
0
0
1
0
0
0
0
0
0
0
0
0
7
71
100

58
1

59
80
0
0
0
0
0
0
0
20

59
3
90
7
0

0

19

10,150
11,060
11,060
11,060


18,900
18,900
18,900

36,060
36,060
36,060

24,160
24,160
24,160

0
11
0
0
0
0

3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
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
67
71

25
0

25
100
0
0
0
0
0
0
0
0

25
24
68
8
0

0

3

10,650
11,650
12,000
12,000


20,700
20,700
20,700

37,000
37,000
37,000

25,100
25,100
25,100

11
1
0
0
0
0

8
0
0
0
0
1
0
0
0
0
1
0
0
0
0
10
75
100

13
0

13
100
0
0
0
0
0
0
0
0

13
46
54
0
0

0

4

9,250
9,580
9,950
10,350


19,290
19,290
19,290

33,390
33,390
33,390

20,450
20,450
20,450

0
0
0
0
0
0

3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3

Page 2 of 2


Sources: STI: PopStats and STI: Colossus