The annual salary statistics of loan officers in East-Central Montana nonmetropolitan area, Montana is shown in Table 1. The wage statistics of loan officers in East-Central Montana nonmetropolitan area is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $44,550 |
| 25th Percentile Wage | $51,060 |
| 50th Percentile Wage | $60,470 |
| 75th Percentile Wage | $80,330 |
| 90th Percentile Wage | $130,020 |
Table 1 shows the average annual salary for loan officers in East-Central Montana nonmetropolitan area, Montana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,020. The median (50th percentile) annual salary is $60,470. The average annual salary for the bottom 10 percent earners is $44,550.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2022 | $60,470 | -1.69% | 5.16% |
| 2021 | $61,490 | 7.82% | - |
| 2020 | $56,680 | -5.29% | - |
| 2019 | $59,680 | 3.90% | - |
| 2018 | $57,350 | - | - |
From Table 3 we note that the median annual salary of $60,470 in East-Central Montana nonmetropolitan area is in the middle of salary range for loan officers in state of Montana. In comparison, the annual salary of loan officers in East-Central Montana nonmetropolitan area is 5.7 percent (5.7%) lower than that in the highest paying Missoula and 10.0 percent (10.0%) higher than that in the lowest paying Eastern Montana nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Missoula | |
| Western Montana nonmetropolitan area | |
| Billings | |
| East-Central Montana nonmetropolitan area | |
| Central Montana nonmetropolitan area | |
| Southwestern Montana nonmetropolitan area | |
| Great Falls | |
| Eastern Montana nonmetropolitan area |