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Union 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.
 
Chamberlain University-New Jersey
Caldwell University  
Wagner College  
Drew University  
Fairleigh Dickinson University-Florham Campus  
Saint Peter's University  
New Jersey City University  
County College of Morris  
Raritan Valley Community College  
Essex County College  
Hudson County Community College  
UCNJ Union College of Union County, NJ  
Stevens Institute of Technology  
Seton Hall University  
College of Staten Island CUNY  
Rutgers University-Newark  
Middlesex College  
New Jersey Institute of Technology  
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
67
19

10,388
2,619

13,007
25
9
17
22
0
0
3
5
20

9,523
5
83
12
0

3,484

16

17,674
18,016
18,512
19,022


41,352
41,352
58,264

45,652
45,652
62,564

28,452
28,452
45,364

0
1,815
1,218
95
0
0

640
66
0
14
29
122
206
130
170
0
145
0
148
40
2
1,712
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
79
10

8,174
2,635

10,809
25
16
17
28
0
0
2
3
8

7,417
0
83
17
0

3,392

13

14,502
15,208
15,648
16,586


37,409
37,409
56,171

48,151
48,151
66,913

29,737
29,737
48,499

0
1,783
1,124
91
241
0

700
72
0
42
111
45
232
75
73
7
169
0
121
81
0
1,728
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
79
8

7,524
1,970

9,494
48
12
9
22
0
0
4
2
2

6,061
1
97
2
0

3,433

14

45,290
46,880
48,960
51,370


72,720
72,720
72,720

73,920
73,920
73,920

56,570
56,570
56,570

0
1,336
815
61
290
0

631
0
0
41
70
143
94
72
180
15
51
0
136
42
2
1,477
43
17

7,461
1,381

8,842
28
2
11
10
0
0
2
12
36

4,092
0
99
1
0

4,750

10

55,952
56,920
58,624
60,952


81,852
81,852
81,852

81,852
81,852
81,852

63,702
63,702
63,702

0
948
2,352
66
0
0

411
71
0
6
66
298
85
26
8
12
49
0
158
4
5
1,199
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

3,669
3,560

7,229
11
13
8
53
0
0
2
11
2

7,229
7
57
36
0

0

22

4,814
4,814
4,814
5,020


NA
NA
NA

25,644
29,364
32,904

12,320
16,040
19,580

1,082
NA
NA
NA
NA
NA

218
0
0
13
56
104
8
32
47
0
9
0
95
9
0
591
NA
NA

3,016
3,774

6,790
6
44
3
31
0
0
1
5
10

6,790
12
56
31
1

0

24

4,995
5,095
5,192
5,346


NA
NA
NA

19,689
23,661
23,661

9,960
13,932
13,932

1,018
NA
NA
NA
NA
NA

163
0
0
3
91
57
14
5
11
0
56
0
85
7
0
492
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

2,732
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
89
11

3,862
1,971

5,833
24
19
8
42
0
0
2
2
2

4,209
2
75
22
0

1,624

14

14,738
15,072
13,564
13,971


36,289
36,289
47,206

42,011
42,011
52,928

21,613
21,613
32,530

0
993
382
43
0
0

285
0
0
11
172
55
26
29
1
1
78
0
101
18
0
777
91
11

3,064
609

3,673
19
13
6
27
0
0
0
3
32

2,101
6
84
10
0

1,572

11

38,760
38,760
39,890
41,054


60,944
60,944
60,944

52,454
52,454
52,454

45,404
45,404
45,404

20
510
408
32
0
0

184
0
0
7
42
43
35
15
44
5
6
0
45
0
0
426
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
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
65
7

1,549
315

1,864
31
16
4
27
0
0
1
7
13

1,448
3
92
5
0

416

13

36,700
36,900
38,050
39,450


59,324
59,324
59,324

60,950
60,950
60,950

46,350
46,350
46,350

0
333
94
5
0
0

132
0
0
5
12
30
14
8
37
3
0
0
20
0
1
262
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

Page 1 of 2
Assumption College for Sisters
Best Care College  
Yeshiva Gedolah Zichron Leyma  
Eastern School of Acupuncture and Traditional Medicine  
Yeshivas Be'er Yitzchok  
Yeshiva Gedolah Tiferes Boruch  
Torah Temimah Talmudical Seminary  
DeVry University-New Jersey  
Rabbi Jacob Joseph School  
New Brunswick Theological Seminary  
Rabbinical College of America  
Eastwick College-Nutley  
Eastern International College-Jersey City  
Pillar College  
Strayer University-New Jersey  
St Paul's School of Nursing-Staten Island  
Bloomfield College  
Saint Elizabeth 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
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
67
8

837
73

910
8
48
4
32
0
1
0
4
3

904
0
85
15
0

6

13

30,680
30,680
30,680
30,680


47,942
47,942
47,942

50,717
50,717
50,717

34,553
34,553
34,553

0
262
4
0
0
0

64
0
0
2
0
3
31
11
13
2
20
0
32
5
0
183
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

521
33

554
31
17
2
37
0
0
1
4
8

489
11
36
52
1

65

14

22,756
22,756
23,668
24,820


NA
NA
NA

56,320
56,320
56,320

32,320
32,320
32,320

33
31
32
0
0
0

41
0
0
1
1
9
4
3
2
0
1
1
11
0
0
74
100
100

392
82

474
18
29
8
36
0
0
6
1
0

474
0
30
70
0

0

15

20,758
24,465
24,465
18,947


NA
NA
NA

35,797
35,797
35,797

23,597
23,597
23,597

120
12
0
0
0
0

64
0
0
1
8
14
6
3
0
0
3
7
15
0
0
121
NA
NA

266
190

456
20
15
3
60
0
0
0
0
2

456
0
51
49
0

0

11

15,806
15,327
15,327
14,846


NA
NA
NA

34,122
34,122
34,122

20,811
20,811
20,811

125
NA
NA
NA
NA
NA

29
0
0
3
4
3
1
0
0
0
0
3
6
3
0
52
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

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

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
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
NA
NA

41
9

50
44
2
34
6
0
0
0
14
0

8
0
0
100
0

42

6

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
19
0
0
0

9
0
0
0
2
1
1
0
0
0
0
1
2
0
0
16
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
NA
NA

46
0

46
0
96
2
2
0
0
0
0
0

46
0
0
100
0

0

30

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

18
NA
NA
NA
NA
NA

7
0
0
0
1
8
1
0
0
0
2
0
1
0
0
20
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