Washington University in St. Louis continues to play a vital role in the local economy. In fiscal year 2023, the university’s direct and indirect contributions to the St. Louis economy totaled $8.8 billion.
In 2023, WashU directly contributed $3.6 billion to the local economy, spending $379 million in construction, $266 million in local goods and services and $2.1 billion in employee compensation. With 20,765 employees, WashU is the region’s second-largest employer.
WashU also serves as a leader in patient care and public health. This year, WashU physicians provided 2,456,881 patient visits and $235 million in uncompensated medical care.
The university is committed to strengthening our local economy, adding jobs, and partnering with local businesses, schools, and community groups.
We are proud to call St. Louis home.
FY23 ECONOMIC IMPACT ON THE REGION
$3.6 billion in direct spending leading to $8.8 billion total impact
20,765 employees
$378.6 million in construction
$477 million investment in financial aid with 21% of Class of 2027 students who are Pell Grant-eligible
$977.8 million in research funding that fuels groundbreaking discovery, innovations in patient care and new economic opportunities
$235 million in uncompensated medical care provided
$212 million in local spending from students coming to the region