Return on investment (ROI)

User education level affects WTP for libraries

In a study examining Korean Library Users' willingness to pay for library services:"University graduates and people who had graduate school education gave higher WTP [willingness to pay] bids than people with less than high school education".

Value of the British Library

The value of the British Library was calculated by applying a variety of measurement methods; the results showed the value to be $4.40 per $1 of budget for one year.

Value of the Carnegie Library of Pittsburgh

To measure the value of the Carnegie Library of Pittsburgh, the library's economic influence and its benefits for its users, which were measured with time value....To measure users' benefits, the study measured the time that 1300 users spent at ht library. The value of the time used by each individual was calculated by applying the intermediate value of male and female wages in the area. The total value of the Andrew Carnegie Free Library was $3 per $1 of library expenses, and varied according tot he possibility of changes in time value offered by the users of the library. The library created $6.14 per $1 of budget provided by the city government.

Value of Florida Public Libraries

In the study of Florida public libraries, a total of 17 public libraries were analyzed to assess the benefits to adult users who were 18 years of age or older; this study also considered the economic impact on these users....The analysis showed that approximately $6.40 of the total value per $1 of the budget was created.

South Carolina Public Library Economic Influence

The research results showed that the South Carolina State Library was evaluated to contribute to the state economy with $2.86 of value per$1 investment. The indirect economic influence that was caused by the expenses spent at the library (e.g. salaries, supply of goods, and materials) was $1.62.

The Value of Public Libraries

At the Birmingham Public Library, the value ranges from $1.30 to $2.70 per $1 of library fees. The Phoenix Public Library results showed a value of  $10 or greater per $1.

Libraries have value to neighborhoods

People prefer to live near a public library if they have a choice, and often perceive library access as part of an enhanced quality of life, although it is rarely a direct factor in home purchase decision making.

Monetized impacts and other benefits from public library annual operations

Monetized impacts and other benefits from annual operations in 2010 delivered a payroll impact of more than $260.8 million dollars, a sales [services] impact of more than $366.4 million dollars, and an employment impact of an estimated 3,674 jobs to the State.

Value of Public Internet Computers at the Library

Public Internet Computers – The basic methodology for calculating the value of computer and internet access is based on estimates made for the recent Wisconsin library study (2008), but here inflated to 2010 dollars. Bibliostat reports traffic estimated at 7,070,855 access events, valued at $4.32 each, resulting in a total value of $30,546,094.

Value of Non-adult/juvenile Public Library Circulation

Other Circulation - According to the Bibliostat category designated “other,” total other circulation in Minnesota in 2010 was 1,380,274. Multiplied by the circulation per item value ($4.75), we get the total value of other circulation which is $6,556,302.

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