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
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.