Applied Mathematics Degree in Springfield, MA — Salary & ROI 2026
Applied Mathematics degree analysis for Springfield, MA. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$67K
COL-adjusted
Mid-Career
$146K
COL-adjusted
ROI Payback
6.7 yrs
in Springfield
Cost of Living
133
index (100 = avg)
Applied Mathematics in Springfield, MA Overview
Springfield, Massachusetts (pop. 155,929) has 6 colleges offering Applied Mathematics programs. The local cost of living index of 133 is higher than average, so budget accordingly, with average rent near campus at $1,238/month. Applied Mathematics has seen growing enrollment nationally, reflecting rising employer demand for Differential Equations and Numerical Methods skills. The adjusted starting salary in Springfield is approximately $66,500, growing to $146,300 by mid-career.
Category
STEM
Local Colleges
6
Public Tuition
$11,943/yr
Private Tuition
$42,786/yr
Room & Board
$21,289/yr
Avg Fin. Aid
$7,962/yr
Unemployment
5.7%
Graduation Rate
49%
Applied Mathematics Salary in Springfield (COL-Adjusted)
Salaries adjusted for Springfield's cost of living index of 133 (national average = 100).
Note: National average Applied Mathematics salary: $50,000 starting, $110,000 mid-career, $140,000 senior level.Springfield adjustment factor: 1.33x based on the local cost of living index.
Applied Mathematics ROI Calculator for Springfield
Estimate your return on investment for a Applied Mathematics degree using local Springfield tuition and cost of living data.
Public avg: $11,943 | Private avg: $42,786
Springfield avg aid: $7,962/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$132,928
tuition + room & board - aid
Annual Earnings Premium
$19,950
vs HS diploma in Springfield
ROI Payback Period
6.7 years
to break even
Lifetime Return in Springfield
$1,130,572
Lifetime earnings premium ($1,263,500) minus total education cost ($132,928)
Student Loan Payoff for Applied Mathematics in Springfield
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Springfield for Applied Mathematics
Western New England University
private
$42,228/yr
$168,912 total
Springfield College
private
$43,344/yr
$173,376 total
Community Colleges (2-Year Transfer)
Springfield Technical Community College
$5,760/yr
Top Employers for Applied Mathematics in Springfield
Springfield offers opportunities in Tech companies, Research labs, Government agencies for Applied Mathematics graduates. National top employers in this field include:
Key Springfield Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Applied Mathematics Job Titles
Applied Mathematics in Nearby Massachusetts Cities
Boston, MA
$69K starting · COL 137
24 colleges
Worcester, MA
$59K starting · COL 117
11 colleges
Cambridge, MA
$67K starting · COL 133
6 colleges
Lowell, MA
$56K starting · COL 112.5
5 colleges
Brockton, MA
$54K starting · COL 108.5
5 colleges
Quincy, MA
$64K starting · COL 128.5
4 colleges
New Bedford, MA
$51K starting · COL 102.5
4 colleges
Lynn, MA
$59K starting · COL 118.5
4 colleges
Other STEM Majors in Springfield
Prompt Engineering
$67K starting · 1.5 yr ROI
Computational Linguistics
$126K starting · 2 yr ROI
Computer Science
$113K starting · 2.8 yr ROI
Software Engineering
$117K starting · 2.7 yr ROI
Data Science
$109K starting · 3 yr ROI
Astrophysics
$113K starting · 3 yr ROI
Actuarial Science
$67K starting · 3 yr ROI
Cybersecurity
$106K starting · 3 yr ROI
Methodology & Education Data Sources
How we calculate Applied Mathematics degree outcomes in Springfield, MA: Our salary projections, ROI estimates, and tuition data combine multiple federal datasets to provide a localized view of education economics. We use a 10-year career-trajectory model standard in higher education research.
- Tuition data sourced from IPEDS (Integrated Postsecondary Education Data System), the federal education statistics database operated by NCES. Average tuition for Applied Mathematics programs reflects 4-year public/private weighted averages for Massachusetts.
- Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Springfield using regional CPI data.
- 10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
- Job market outlook for Applied Mathematics graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
- Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.
Authoritative US education data sources:
- IPEDS — Integrated Postsecondary Education Data — official federal college data
- College Scorecard (US Dept of Education) — earnings, debt, completion rates
- BLS Occupational Outlook Handbook — Applied Mathematics career projections
- Federal Student Aid (FAFSA) — official US student loan and grant info
- NCES Digest of Education Statistics — comprehensive education data
- BLS Occupational Employment and Wages — entry-level salary data for Applied Mathematics grads
Education Disclaimer: Salary and ROI estimates are projections based on national and state-level averages. Individual outcomes depend on institution prestige, GPA, internships, location, network, and economic conditions. Always verify current tuition with the institution directly, and consult a financial aid counselor before taking on student loans. Use the Federal Loan Simulator to model repayment scenarios.
Reviewed by Brazora Monk · Last updated 2026 · IPEDS & BLS data current as of latest annual release
Financial Aid Resources for Springfield Students
Beyond federal aid (FAFSA), Massachusetts students have access to state-specific grants, scholarships, and tuition assistance programs. The 2026-27 FAFSA also added a new Low Earnings Indicator (Dec 2025) flagging programs where graduates earn less than non-college peers — check your target school's status:
Pell Grant up to $7,395/yr (2026-27). Subsidized loans at 6.53% (academic year 25-26):
State-specific grants stack with federal aid:
- • USA.gov — Massachusetts programs
- • NASFAA — State Aid Programs
- • Search "massachusetts higher education commission grants"
Verify earnings + debt before enrolling:
- • College Scorecard — earnings, debt, completion
- • NCES College Navigator
- • IPEDS Net Price Calculator Center
Free, official, scam-free scholarship databases:
2026-27 FAFSA tip: The new Low Earnings Indicator flags programs where graduates earn less than non-graduates. Check this before enrolling. Speak with a NASFAA-credentialed financial aid counselor at your target school.
Applied Mathematics Degree in Springfield — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Applied Mathematics ROI in other cities, or explore other majors in Springfield.