Oakton College contributes $572.8 million each year to the District 535 region’s economy, according to an Economic Impact Study released on April 20. The study, based on fiscal year 2023–24 data, shows that Oakton supports about 6,370 jobs in northern Cook County and acts as a significant driver of workforce development and economic mobility.
The findings matter because they highlight Oakton’s role not only as an educational institution but also as a major employer and source of regional growth. The report indicates that Oakton employs more than 1,100 people directly and its students contribute $17.5 million in spending on housing, food, and transportation, supporting an additional 236 jobs locally.
Joianne L. Smith, Ph.D., president of Oakton College, said: “Oakton is the community’s college. Our Vision 2030 strategic plan challenges us to build just and thriving communities. That commitment guides our focus on delivering high-quality education, meeting the evolving needs of our workforce and developing local talent that strengthens our region. The findings of the Economic Impact Study affirm the impact of this work.”
The study also reports that alumni working across the region contribute nearly $479 million annually to the local economy through higher wages earned by graduates and increased productivity for employers. More than 70 percent of students who transfer from Oakton go on to earn a bachelor’s degree—10 percentage points above the national average.
For every dollar invested by students at Oakton College, their earnings potential increases fourfold with an average annual return rate of 15.8%. Taxpayers see a return as well; for every public dollar invested in Oakton College, there is a projected return of $1.30.
The Economic Impact Study was conducted using data from Illinois Community College Board (ICCB), Oakton College itself, Lightcast labor market analytics firm along with regional labor market information.
