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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 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,900
25th Percentile Wage
$45,130
50th Percentile Wage
$59,580
75th Percentile Wage
$79,200
90th Percentile Wage
$101,370

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 $101,370. The median (50th percentile) annual salary is $59,580. The average annual salary for the bottom 10 percent is $34,900.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.78
25th Percentile Wage
$21.70
50th Percentile Wage
$28.64
75th Percentile Wage
$38.08
90th Percentile Wage
$48.74

Table 2 shows the average hourly salary for loan officers in Montana in 5 percentile scales. The average hourly salary for the 90th percentile is $48.74. The median hourly salary is $28.64. The average hourly salary for the bottom 10 percent is $16.78.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201659,580-0.10%12.67%
201559,6403.84%-
201457,3503.05%-
201355,6006.42%-
201252,030--

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 $47,300 to $65,210. The highest paying area for loan officers in Montana is Western Montana nonmetropolitan area with a median annual salary of $65,210. The second highest paying city/area in Montana State is Missoula (mean annual salary $64,790). The lowest paying area is Great Falls with a median annual salary of $47,300.

Cities/Areas Median Annual Salary
Western Montana nonmetropolitan area
$65,210
Missoula
$64,790
Southwestern Montana nonmetropolitan area
$60,610
Billings
$56,610
Eastern Montana nonmetropolitan area
$56,360
Central Montana nonmetropolitan area
$53,850
Great Falls
$47,300


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