The annual salary statistics of loan officers in Eastern Montana nonmetropolitan area, Montana is shown in Table 1. The wage information of loan officers in Eastern 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 | $34,410 |
| 25th Percentile Wage | $39,460 |
| 50th Percentile Wage | $54,410 |
| 75th Percentile Wage | $64,460 |
| 90th Percentile Wage | $83,380 |
Table 1 shows the average annual salary for loan officers in Eastern 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 $83,380. The median (50th percentile) annual salary is $54,410. The average annual salary for the bottom 10 percent earners is $34,410.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $54,410 | -3.58% | 10.03% |
| 2016 | $56,360 | 2.36% | - |
| 2015 | $55,030 | 4.20% | - |
| 2014 | $52,720 | 16.05% | - |
| 2013 | $44,260 | -10.60% | - |
| 2012 | $48,950 | - | - |
From Table 3 we note that with a median annual salary of $54,410, Eastern Montana nonmetropolitan area is the lowest paying city for loan officers in state of Montana, following city of Missoula (median annual salary of $64,120). Also we note that in comparison, the annual salary of loan officers in Eastern Montana nonmetropolitan area is about 15.1 percent (15.1%) lower than that of the highest paying city Missoula.
| 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 |