Loan Officer salary in Billings, MT
Loan Officers in the Billings, MT metro area earn a median of $61,350 a year ($29.49 an hour), based on BLS data for 210 workers.
Pay ranges from $48,410 for the lowest-paid 10% to $102,110 for the top 10%. That is 20% lower than the national median of $76,690. Pay here is 14% lower than the Montana statewide median of $71,570. There are 2.2 loan officers per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $69,430, above the median because a few high earners pull it up.
Pay range for loan officers in Billings, MT
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $48,410 | $23.27 |
| 25th percentile | $50,330 | $24.20 |
| Median | $61,350 | $29.49 |
| 75th percentile | $80,370 | $38.64 |
| 90th percentile (top earners) | $102,110 | $49.09 |
| Average (mean) | $69,430 | $33.38 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,112.50 |
| Semi-monthly (24 a year) | $2,556.25 |
| Biweekly (26 a year) | $2,359.62 |
| Weekly | $1,179.81 |
| Hourly | $29.49 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $61,350 salary, see how much house you can afford in Montana at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Bozeman, MT | $78,270 | 110 |
| Missoula, MT | $72,550 | 190 |
| Helena, MT | $64,740 | 140 |
| Great Falls, MT | $63,460 | 70 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Montana statewide figures.
Related jobs in Billings, MT
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,780 | $36.43 |
| Financial and Investment Analysts | $101,200 | $48.65 |
| Personal Financial Advisor | $99,890 | $48.03 |
| Tax Preparer | $65,930 | $31.70 |
| Financial Specialists, All Other | $71,280 | $34.27 |
| Credit Analyst | $77,890 | $37.45 |
| Financial Examiner | $97,430 | $46.84 |
| Property Appraisers and Assessors | $62,310 | $29.96 |
| Project Management Specialist | $85,540 | $41.12 |
| Business Operations Specialists, All Other | $76,710 | $36.88 |
| Human Resources Specialist | $65,470 | $31.47 |
| Cost Estimator | $75,600 | $36.35 |
| Management Analyst | $99,060 | $47.63 |
| Buyers and Purchasing Agents | $64,440 | $30.98 |
More: Business and Financial Operations Occupations · all salaries in Billings, MT
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Billings, MT?
The median salary for loan officers in the Billings, MT metro area is $61,350 a year, or $29.49 an hour. Pay ranges from $48,410 for the lowest-paid 10% to $102,110 for the top 10%.
How much do the highest-paid loan officers make in Billings, MT?
The top 10% of loan officers in the Billings, MT metro area earn at least $102,110 a year. The top 25% earn $80,370 or more.
What is the starting pay for loan officers in Billings, MT?
Entry-level pay (the 10th percentile) is about $48,410 a year, and a quarter of loan officers earn $50,330 or less.
How many loan officers work in Billings, MT?
About 210 loan officers are employed in the Billings, MT metro area, not counting the self-employed.