Business & Finance Billings, MT Pop. 117,116

Loan Officer Salary in Billings, Montana

The median loan officer salary in Billings, MT is $63,110 per year, which is 4% below the national median and 1.1% above the Montana state average.

City Median
$63,110
vs State Avg
+$657
vs National
$-2,630
Cost of Living
96%

Loan Officer Salary in Billings by Experience

In Billings, an entry-level loan officer earns around $36,480, while experienced professionals earn up to $124,800 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$36,480
$-1,520 vs national
Mid Level (3-7 yrs)
$63,360
$-2,640 vs national
Senior Level (8+ yrs)
$124,800
$-5,200 vs national

Salary Percentiles in Billings, MT

Percentile Billings
10th Percentile $33,792
25th Percentile $43,584
Median (50th) $63,110
75th Percentile $96,000
90th Percentile $147,648

Loan Officer Salary in Other Montana Cities

Bozeman, MT
$75,601
Pop. 53,293
Missoula, MT
$67,055
Pop. 75,516
Helena, MT
$61,796
Pop. 32,315
Great Falls, MT
$57,851
Pop. 60,442

How to Become a Loan Officer in Billings

Education

Most loan officer positions require a bachelor's degree. Billings and the surrounding Montana area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Billings may vary based on local industry and population growth.

Find Loan Officer Jobs in Billings

Browse open loan officer positions in Billings, MT:

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Frequently Asked Questions: Loan Officer Salary in Billings

How much does a Loan Officer make in Billings, MT? ▼
The median loan officer salary in Billings, Montana is $63,110 per year, which is 4% below the national median of $65,740. Salaries range from $33,792 (10th percentile) to $147,648 (90th percentile).
How much does a Loan Officer make per hour in Billings? ▼
Based on the median annual salary of $63,110, a loan officer in Billings earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Billings compare to the Montana state average for loan officer pay? ▼
Billings's median loan officer salary of $63,110 is 1.1% above the Montana state average of $62,453. The local cost of living index is 96% of the national average.
What is the cost of living in Billings, MT? ▼
Billings has a cost of living index of 96% compared to the national average. This means a loan officer salary of $63,110 in Billings has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Billings? ▼
Most loan officer positions in Billings require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.