Loan Officer Salary in Montana
Based on 1K+ workers in Montana
Median Annual Salary (MT)
$71,570
$34.41/hr
vs National Average
$76,354
-6.3% vs national median
Salary Range (10th–90th)
$48K – $123K
1K employed in Montana
The median Loan Officer salary in Montana is $71,570 per year, offering a glimpse into the earning potential for this profession within the state. This figure represents the midpoint of all salaries, with actual earnings falling within a wide range from $48,130 to $123,130 annually, placing it approximately 6% below the national average. Currently, around 1,180 individuals are employed as loan officers in Montana.
Several factors influence the specific Loan Officer salary in Montana. Experience level plays a significant role, with seasoned professionals typically commanding higher salaries than those just starting out. The size and type of financial institution, as well as the volume and complexity of the loans processed, can also impact compensation. Geographic location within Montana and individual performance bonuses might further adjust an officer's take-home pay.
Salary Distribution — Loan Officer in Montana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $48,130 |
| 25th percentile | $55,830 |
| Median (50th percentile) | $71,570 |
| 75th percentile | $96,100 |
| 90th percentile | $123,130 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Montana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Montana vs National
| Year | Median Salary (Montana) |
|---|---|
| 2022 | $60,890 |
| 2023 | $62,410 |
| 2024 | $65,960 |
| 2025 | $71,570 |
| 2026 (projected) | $75,864 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Montana Median | National Median |
|---|---|---|
| 2022 | $60,890 | $68,453 |
| 2023 | $62,410 | $70,692 |
| 2024 | $65,960 | $73,485 |
| 2025 | $71,570 | $76,354 |
| 2026 (projected) | $75,864 | $80,935 |
Loan Officer Salary by Experience Level in Montana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $55,830 |
| Mid-level | 3-5 yrs | $71,570 |
| Senior | 6-9 yrs | $96,100 |
| Staff / Lead | 10+ yrs | $123,130 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Montana
How other high-demand occupations in Montana compare to Loan Officer ($71,570 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in MT | $131,060 | +83.1% | $63.01/hr |
| Financial Analyst in MT | $99,190 | +38.6% | $47.69/hr |
| Personal Financial Advisor in MT | $97,450 | +36.2% | $46.85/hr |
| Economist in MT | $89,340 | +24.8% | $42.95/hr |
| Financial Examiner in MT | $80,970 | +13.1% | $38.93/hr |
| Budget Analyst in MT | $79,700 | +11.4% | $38.32/hr |
| Tax Examiner in MT | $76,350 | +6.7% | $36.71/hr |
| Accountant in MT | $75,810 | +5.9% | $36.45/hr |
| Credit Analyst in MT | $74,650 | +4.3% | $35.89/hr |
| Compliance Officer in MT | $66,660 | -6.9% | $32.05/hr |
| Insurance Sales Agent in MT | $62,040 | -13.3% | $29.83/hr |
| Dietitian and Nutritionist in MT | $71,580 | +0.0% | $34.41/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in Montana?
- The median salary for a Loan Officer in Montana is $71,570 per year, which is equivalent to about $34 per hour. This median figure suggests that half of all Loan Officers in the state earn more than this amount, and half earn less.
How much can a Loan Officer in Montana expect to earn?
- Loan Officers in Montana typically earn between $48,130 and $123,130 annually. The specific amount earned can depend on experience, employer, and location within the state.
Is the salary for Loan Officers in Montana higher or lower than the national average?
- Salaries for Loan Officers in Montana are 6.3% lower than the national average. This means that, on average, Loan Officers in Montana earn less than their counterparts across the United States.
How many Loan Officers are employed in Montana?
- There are approximately 1,180 Loan Officers employed in Montana. This number represents the total number of individuals working in this profession within the state.