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Through its expenditures, its
employment of more than 12,264 people, and its construction activities,
Washington University in St. Louis has a substantial impact on the
area economy.
In fiscal year 2012, which ended
June 30, 2012, Washington University had a direct annual impact
of more than $2 billion on the local economy.
Washington University Expenditures*
(Fiscal Year 2012)
| Operating
Expenditures (excluding payroll) |
$1.2
billion |
| Most
of these expenditures are dispersed throughout the local economy** |
| Compensation
(payroll and benefits) for all 12,264 employees |
$1 billion |
| TOTAL
of Washington University's expenditures |
$2.2
billion* |
*Does not include cooperating Medical
Center institutions.
**Does not include noncash depreciation expenses, which do not impact
the community's economy.
Significant Impact on the Community's
Economy
$2.2 billion
In 2003 the St. Louis Regional Chamber & Growth Association (RCGA)
used an economic model to assess Washington University's 2002 economic
impact on the St. Louis metropolitan area. Based on this model,
the University generated nearly $1.2 billion from its operation,
while its students spent approximately $46 million in the area.
The economic activity of the University and its students indirectly
supported an additional 5,297 jobs outside the University. The RCGA
concluded that the overall economic impact of Washington University
on the St. Louis metropolitan area in 2002 was $2.2 billion.
St. Louis Area
Employee Compensation
$1 billion
The total of full-time employees is 12,264. The University's payroll (excluding
student payroll and stipends to fellows) for fiscal year 2012 exceeded
$1 billion. Of this amount, more than $865 million was
earned by employees living in St. Louis City and County.
Annual Payroll for St. Louis
Area Employees of Washington University*
(Year Ending June 30, 2012)
| PLACE
OF RESIDENCE |
SALARIES |
| St.
Louis City |
$182
million |
| Clayton |
$52
million |
| University
City |
$33
million |
| Rest
of St. Louis County |
$598
million |
| |
SUBTOTAL
of city and county |
$865
million |
|
| Rest
of metro area in Missouri |
$66
million |
| Rest
of metro area in Illinois |
$77
million |
| Outside
metro area |
$7
million |
| |
TOTAL |
$1 billion |
*Does not include benefits or
cooperating Medical Center institutions.
Employees of Washington University
in St. Louis paid an estimated $7.1 million in city payroll taxes
in fiscal year 2012.
Operating Expenditures
$1.2 billion
Most nonsalary operating expenditures (including student payroll
and stipends to fellows) at Washington University are spent in metropolitan
St. Louis. In fiscal year 2012 these expenditures were $1.2 billion.
Construction
$121
million
Washington University in St. Louis adds to its facilities through
new construction, property acquisitions, leasings, and renovations
of existing space.
Research
Awards and Patents
$620.4
million
Washington University in St. Louis is a magnet for research funds.
In fiscal year 2012 Washington University was awarded $620.4 million
in total research support. Washington University faculty attracts nearly 80 percent of all NIH research dollars awarded to Missouri universities and other organizations.
Student Financial
Assistance
$198
million awarded
Approximately 60 percent of all Washington University in St. Louis
undergraduates and 39 percent of graduate and professional students
receive some form of financial assistance, some based on merit alone
and many others based on merit and family financial circumstances.
Financial assistance may be in the form of scholarships, loans,
grants, or work-study positions. Total financial aid awarded in
academic year 2010-11 exceeded $198 million. In this year 1,357
undergraduate, graduate, and professional students who came from
St. Louis City, Clayton, University City, and the rest of St. Louis
County before attending Washington University received more than
$41.1 million in financial assistance.
Financial Aid for Students from
St. Louis and Other Areas
(Based on zip codes for permanent addresses of students enrolled
in academic year 2010-11. Does not include undergraduate students
who moved to these municipalities while attending Washington University.)
| St.
Louis City |
|
| |
86
undergraduate students |
$
2,727,375 |
| |
345
graduate/professional students |
$
11,088,117 |
| Clayton |
|
| |
33
undergraduate students |
$
1,187,734 |
| |
53 graduate/professional students |
$
1,734,296 |
| University
City |
|
| |
39
undergraduate students |
$
1,432,810 |
| |
121
graduate/professional students |
$4,715,494 |
| Rest
of St. Louis County |
|
| |
321
undergraduate students |
$
9,669,005 |
| |
359
graduate/professional students |
$
8,555,847 |
| Rest
of St. Louis metro area in Missouri |
|
| |
56
undergraduate students |
$
1,873,695 |
| |
59
graduate/professional students |
$
1,275,380 |
| Rest
of St. Louis metro area in Illinois |
|
| |
53
undergraduate students |
$
2,045,386 |
| |
71
graduate/professional students |
$
2,177,699 |
| All
Others |
|
| |
3,408
undergraduate students |
$93,439,666 |
| |
955
graduate/professional students |
$ 55,829,122 |
| TOTAL
financial aid awarded to
6,496
undergraduate and graduate students |
$197,751,626 |
Student
Spending
$139.3
million
Washington University in St. Louis had 15,415 students in academic
year 2012-13. Many of these students were living and shopping in
the local area
In 2003 the St. Louis Regional Chamber
& Growth Association estimated that the total economic impact of
spending by Washington University students at $72 million annually.
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