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Loan Officer Salary Information in Montana

The average annual and hourly salaries for loan officers in the state of Montana are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst Montana metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Montana

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,550
25th Percentile Wage
$44,310
50th Percentile Wage
$60,140
75th Percentile Wage
$78,940
90th Percentile Wage
$99,790

Table 1 shows the average annual salary for loan officers in Montana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,790. The median (50th percentile) annual salary is $60,140. The average annual salary for the bottom 10 percent is $34,550.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$60,140
0.93% 13.49%
2016
$59,580
-0.10% -
2015
$59,640
3.84% -
2014
$57,350
3.05% -
2013
$55,600
6.42% -
2012
$52,030
- -

Table 3. Median Annual Salary of Loan Officers in Montana Cities

Table 3 shows the median annual salary of loan officers in some Montana cities and metropolitan areas. We note that the median annual salary of loan officers in state of Montana ranges from $47,960 to $64,860. The highest paying area for loan officers in Montana is Western Montana nonmetropolitan area with a median annual salary of $64,860. The second highest paying city/area in Montana State is Southwestern Montana nonmetropolitan area (mean annual salary $62,340). The lowest paying area is Great Falls with a median annual salary of $47,960.

Cities/Areas Median Annual Salary
Western Montana nonmetropolitan area
$64,860
Southwestern Montana nonmetropolitan area
$62,340
Missoula
$62,310
Central Montana nonmetropolitan area
$60,200
Billings
$58,620
Eastern Montana nonmetropolitan area
$54,410
Great Falls
$47,960




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