Loan Officers Salary
Loan Officers in Montana make a median of $71,570 a year, or about $34.41 an hour. The range runs from $48K at the entry level to $123K for experienced workers. Adjusted for local prices (RPP 97), that's roughly $73,784 in purchasing power. Rent on a 2-bedroom averages $1,129/month, or 24% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Montana. Jump to a metro for precise data:
So what does $72K get you in Montana?
About loan officers
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What this looks like in Montana
Loan officers pay in Montana tracks closely to the national median, $72K locally vs. $77K nationwide, a 7% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,129/month, 24.4% of take-home, well inside the 30% guideline. Cost of living (RPP 97) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Montana
Entry-level loan officers (10th percentile) start around $48K. Mid-career wages sit at $72K. Top earners bring in $123K or more, a $75K spread from bottom to top.
Loan Officers salary by metro in Montana
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Bozeman | $78K | +9% | 110 |
| Missoula | $73K | +1% | 190 |
| Helena | $65K | -10% | 140 |
| Great Falls | $63K | -11% | 70 |
| Billings | $61K | -14% | 210 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Montana numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Montana?
Yes — at the median salary of $72K, rent takes 24.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,129/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Montana?
The 10th-percentile wage — what new loan officers typically earn — is $48K/year. Take-home on that works out to about $2,888/month. At HUD’s $1,129/month FMR, rent would take 39% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan officer a high-paying job in Montana?
Pay here is roughly in line with the national average — $72K locally vs. $77K nationally, a 7% difference.
How does Montana compare to the national average for loan officers?
Montana pays $72K median vs. the U.S. average of $77K — that’s -7%. After adjusting for local cost of living (RPP 97), the purchasing-power equivalent is $74K — below the national median.
How much do loan officers make in Montana?
The median is $71,570 a year, that works out to about $34 an hour. But the range is wide: entry-level workers start around $48,130, and experienced loan officers can clear $123,130. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $72K enough to live in Montana?
On that salary, you'd take home roughly $4,635/month after taxes. A 2-bedroom here rents for about $1,129/month, which eats 24.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan officers salary go in Montana?
Montana has a Regional Price Parity of 97 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $73,784 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.