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Hamilton 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.
 
Veritas Baptist College
Art Academy of Cincinnati  
ATA College-Cincinnati  
Fortis College-Cincinnati  
Gods Bible School and College  
Good Samaritan College of Nursing and Health Science  
Beckfield College-Florence  
Galen College of Nursing-Cincinnati  
The Christ College of Nursing and Health Sciences  
Miami University-Middletown  
Thomas More University  
Mount St. Joseph University  
Miami University-Hamilton  
Xavier University  
University of Cincinnati-Blue Ash College  
University of Cincinnati-Clermont College  
Cincinnati State Technical and Community College  
Northern Kentucky University  
Miami University-Oxford  
University of Cincinnati-Main Campus  
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
88
24

32,723
10,615

43,338
65
8
6
5
0
0
4
1
11

31,184
4
87
9
0

12,154

19

12,138
12,598
13,176
13,570


33,342
33,342
50,354

39,032
39,032
56,044

20,294
20,294
37,306

52
6,467
3,562
269
565
0

2,684
219
63
50
60
1,143
885
800
418
602
452
9
215
182
46
7,828
82
14

16,957
1,661

18,618
80
3
3
5
0
0
4
1
5

16,478
1
98
1
0

2,140

15

16,223
16,704
17,264
17,809


38,757
38,757
60,973

38,757
38,757
60,973

23,349
23,349
45,565

0
4,165
884
65
0
0

953
37
0
38
108
238
284
204
215
13
475
4
301
91
7
2,968
96
21

8,372
6,589

14,961
76
9
2
4
0
0
3
2
3

9,927
15
69
16
0

5,034

18

10,296
10,392
10,592
10,896


25,856
25,856
36,440

30,576
30,576
41,160

14,196
14,196
24,780

46
1,962
1,447
5
207
0

685
0
0
21
7
73
101
124
177
5
82
0
163
45
22
1,505
NA
NA

1,958
6,723

8,681
54
22
3
4
0
0
4
10
2

8,681
34
34
31
0

0

15

5,040
5,040
5,274
5,400


NA
NA
NA

15,507
15,507
19,908

10,377
10,377
14,778

845
17
0
0
0
0

480
0
0
4
16
5
10
9
5
0
28
0
59
15
2
633
NA
NA

1,111
7,213

8,324
70
11
4
5
0
0
4
2
2

8,324
11
63
25
0

0

20

5,864
6,086
6,364
6,554


NA
NA
NA

32,016
32,016
39,248

12,372
12,372
19,604

567
9
0
0
0
0

167
0
0
2
2
27
16
2
22
0
8
0
4
6
0
256
NA
NA

3,044
4,122

7,166
63
16
5
7
0
0
5
1
2

7,166
7
80
12
0

0

18

6,256
6,492
6,790
6,992


NA
NA
NA

32,454
32,454
41,252

12,810
12,810
21,608

703
26
0
0
0
0

234
0
0
4
11
22
24
11
24
0
7
0
1
5
0
343
88
8

5,068
932

6,000
72
12
3
6
0
0
3
3
2

4,748
1
94
5
0

1,252

11

42,460
42,460
45,000
48,125


66,445
66,445
66,445

66,445
66,445
66,445

52,625
52,625
52,625

18
1,257
513
0
30
0

501
0
0
14
63
92
75
41
114
8
41
3
91
21
0
1,064
NA
NA

1,678
696

2,374
70
9
4
6
0
0
4
2
5

2,345
13
71
16
0

29

13

6,565
6,769
7,072
7,278


NA
NA
NA

21,734
21,734
33,303

12,882
12,882
24,451

123
390
0
0
0
0

153
0
0
2
17
8
2
5
30
0
9
0
27
3
0
256
57
26

1,305
778

2,083
80
9
1
4
0
0
5
1
0

1,446
22
73
5
0

637

9

32,200
33,250
34,900
36,650


50,050
50,050
50,050

48,650
48,650
48,650

39,350
39,350
39,350

0
220
177
0
49
0

175
0
0
4
10
37
14
3
46
3
36
1
28
7
0
364
97
13

1,292
655

1,947
77
7
2
5
0
0
4
2
4

1,823
27
69
4
0

124

14

33,420
34,760
35,810
38,400


52,386
52,386
52,386

54,464
54,464
54,464

43,782
43,782
43,782

20
315
66
0
0
0

104
0
0
1
19
24
14
4
43
0
11
1
13
0
0
234
NA
NA

728
485

1,213
76
7
1
5
0
0
4
2
4

1,213
25
57
18
0

0

16

6,565
6,769
7,072
7,278


NA
NA
NA

21,734
21,734
33,303

12,882
12,882
24,451

38
152
0
0
0
0

51
0
0
3
12
7
5
10
25
0
8
0
13
2
0
136
50
31

525
240

765
72
17
4
3
0
0
0
4
0

765
0
66
33
0

0

12

15,381
16,405
16,472
16,394


NA
NA
NA

33,294
33,294
33,294

24,194
24,194
24,194

12
217
0
0
0
0

51
0
0
0
7
17
2
2
8
0
0
0
4
0
0
91
NA
NA

436
234

670
55
26
5
3
0
0
3
9
0

670
0
33
67
0

0

12

14,960
14,960
16,400
16,400


NA
NA
NA

37,109
37,109
37,109

21,449
21,449
21,449

148
34
0
0
0
0

29
0
0
0
6
10
0
1
0
0
3
0
9
0
0
58
NA
NA

308
304

612
79
15
0
0
0
1
2
1
0

612
0
28
72
0

0

18

13,295
13,295
13,295
13,295


NA
NA
NA

36,886
36,886
36,886

20,470
20,470
20,470

85
36
0
0
0
0

7
0
0
1
0
6
4
0
0
0
0
2
10
0
0
30
17
100

156
301

457
53
28
2
6
0
0
0
11
0

457
0
46
53
0

0

9

15,470
15,470
15,470
15,470


NA
NA
NA

31,708
31,708
31,708

20,982
20,982
20,982

87
22
0
0
0
0

29
0
0
2
9
6
2
2
0
0
0
0
1
0
0
51
64
65

185
258

443
77
4
1
3
1
1
3
0
10

417
16
58
25
1

26

9

7,150
7,046
7,046
7,696


18,660
18,660
18,660

25,255
25,255
25,255

13,986
13,986
13,986

7
18
3
0
0
0

29
0
0
1
5
3
4
0
4
0
27
5
6
0
0
84
NA
NA

392
11

403
21
66
2
3
0
0
3
4
0

403
0
29
71
0

0

17

15,112
15,114
15,787
14,283


NA
NA
NA

39,348
39,348
39,348

21,348
21,348
21,348

31
NA
NA
NA
NA
NA

24
0
0
1
0
9
2
1
6
0
0
0
2
0
0
45
NA
NA

264
0

264
18
71
6
2
1
0
2
0
0

264
0
23
77
0

0

10

13,295
13,120
13,790
14,075


NA
NA
NA

31,707
31,707
31,707

22,771
22,771
22,771

65
0
0
0
0
0

22
0
0
2
3
1
2
1
0
0
0
2
3
0
0
36
33
16

247
12

259
64
18
1
6
0
0
8
3
0

255
0
91
9
0

4

11

34,854
35,390
37,394
40,250


54,925
54,925
54,925

55,100
55,100
55,100

44,600
44,600
44,600

1
34
1
0
0
0

25
0
0
1
2
14
1
0
10
0
4
0
9
0
0
66
100
100

50
150

200
87
3
5
5
0
0
2
0
0

140
17
37
46
0

60

4

6,716
7,676
7,676
8,992


NA
NA
NA

31,856
31,856
31,856

22,040
22,040
22,040

1
26
13
0
0
0

15
0
0
0
5
2
1
0
0
0
0
0
1
0
0
24

Page 1 of 2
Arizona College of Nursing-Cincinnati
Interactive College of Technology-Newport  
Cincinnati College of Mortuary Science  
Athenaeum of Ohio  
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

100
66

166
87
1
3
4
0
0
0
2
2

39
0
0
73
27

127

8

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
18
0
0
0

17
0
0
3
0
4
4
1
0
0
8
0
3
3
0
43
NA
NA

104
0

104
79
10
0
5
1
0
5
1
0

104
0
42
58
0

0

17

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

13
56
0
0
0
0

8
0
0
1
0
2
2
0
0
1
0
0
3
0
0
17
NA
NA

73
0

73
60
40
0
0
0
0
0
0
0

73
0
15
77
8

0

12

9,890
10,250
10,610
10,970


NA
NA
NA

23,970
23,970
23,970

15,970
15,970
15,970

0
NA
NA
NA
NA
NA

2
0
0
0
0
1
0
0
0
0
0
1
2
0
0
6
100
40

29
36

65
28
60
2
5
0
0
6
0
0

65
0
38
62
0

0

20

NA
NA
NA
23,760


NA
NA
NA

46,107
46,107
46,107

30,797
30,797
30,797

0
0
0
0
0
0

3
0
0
0
1
4
0
1
0
0
0
0
1
0
0
10

Page 2 of 2


Sources: STI: PopStats and STI: Colossus