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.
Loan Officer Pay in Billings: What to Expect (2026)
Billings offers a median loan officer salary of $63,110, which is $657 above the Montana state average of $62,453. Compared to the national median of $65,740, Billings pays below the national benchmark for this role.
Billings's cost of living is 96% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Billings spans from $33,792 at the 10th percentile to $147,648 at the 90th percentile — a $113,856 spread. Entry-level professionals start around $36,480, while senior loan officers with 8+ years of experience can earn up to $124,800. With a population of 117,116, Billings is a mid-sized metro with a growing job market.
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.
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
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
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: