ICELAND / SALARY

SALARY SURVEYS

111

UPDATED
April 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 136.01 ISK = 1 USD
8,235,943 ISK $60,554 USD		4,352,316 ISK $32,000 USD		Gross income Net (after tax) 136.01 ISK = 1 USD

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Average Salary / Iceland

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Average salary in Iceland is 8,235,943 ISK per year. The most typical earning is 4,352,316 ISK. All data are based on 111 salary surveys. Salaries are different between men and women. Men receive an average salary of 8,636,628 ISK. Women receive a salary of 7,330,933 ISK.

The most paid careers are Health Care & Medical with average income 15,124,300 ISK and Accounting & Administration with income 13,941,014 ISK.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 13,342,571 ISK. The second most paid education level is Some College with salary of 9,371,082 ISK.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 11,397,629 ISK. Employees with 8-12 Years of experience receive 9,928,722 ISK.

Levels / Iceland (Gross ISK)

Salary Levels (ISK) per Year	Surveys	[%]
408,000 ISK - 679,899 ISK	0	n/a
680,000 ISK - 1,359,999 ISK	0	n/a
1,360,100 ISK - 2,039,999 ISK	1	100% 0.9%
2,040,100 ISK - 2,720,099 ISK	5	99.1% 4.5%
2,720,200 ISK - 3,400,099 ISK	8	94.59% 7.21%
3,400,200 ISK - 4,080,199 ISK	6	87.39% 5.41%
THE MOST TYPICAL SALARY
4,080,300 ISK - 4,760,199 ISK	10	81.98% 9.01%
4,760,300 ISK - 5,440,299 ISK	6	72.97% 5.41%
5,440,400 ISK - 6,120,299 ISK	5	67.57% 4.5%
6,120,400 ISK - 6,800,399 ISK	9	63.06% 8.11%
6,800,500 ISK - 7,480,399 ISK	7	54.95% 6.31%
7,480,500 ISK - 8,160,499 ISK	7	48.65% 6.31%
8,160,600 ISK - 8,840,499 ISK	7	42.34% 6.31%
8,840,600 ISK - 9,520,599 ISK	8	36.04% 7.21%
9,520,700 ISK - 10,200,599 ISK	5	28.83% 4.5%
10,200,700 ISK - 10,880,699 ISK	4	24.32% 3.6%
10,880,800 ISK - 11,560,699 ISK	4	20.72% 3.6%
11,560,800 ISK - 12,240,799 ISK	2	17.12% 1.8%
12,240,900 ISK - 12,920,799 ISK	2	15.32% 1.8%
12,920,900 ISK - 13,600,899 ISK	4	13.51% 3.6%
13,601,000 ISK - 14,280,899 ISK	1	9.91% 0.9%
14,281,000 ISK - 14,960,999 ISK	3	9.01% 2.7%
14,961,100 ISK - 15,640,999 ISK	0	n/a
15,641,100 ISK - 16,321,099 ISK	1	6.31% 0.9%
16,321,200 ISK - 17,001,099 ISK	0	n/a
17,001,200 ISK - 17,681,199 ISK	0	n/a
17,681,300 ISK - 18,361,199 ISK	1	5.41% 0.9%
18,361,300 ISK - 19,041,199 ISK	1	4.5% 0.9%
19,041,400 ISK - 19,721,299 ISK	0	n/a
19,721,400 ISK - 20,401,299 ISK	0	n/a
HIGH SALARIES
20,401,500 ISK - 21,761,399 ISK	1	3.6% 0.9%
21,761,600 ISK - 23,121,499 ISK	0	n/a
23,121,700 ISK - 24,481,599 ISK	2	2.7% 1.8%
24,481,800 ISK - 25,841,699 ISK	0	n/a
25,841,900 ISK - 27,201,799 ISK	0	n/a
27,202,000 ISK - 28,561,899 ISK	0	n/a
28,562,100 ISK - 29,921,999 ISK	0	n/a
29,922,200 ISK - 31,282,099 ISK	0	n/a
31,282,300 ISK - 32,642,199 ISK	0	n/a
32,642,400 ISK - 34,002,299 ISK	1	0.9% 0.9%
34,002,500 ISK - 47,603,499 ISK	0	n/a

Gender / Iceland (Gross ISK)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	76	8,636,628 ISK
2	Women	26	7,330,933 ISK

Education / Iceland (Gross ISK)

#		Surveys
1	Doctorate Degree	5	13,342,571 ISK
2	Some College	13	9,371,082 ISK
3	Masters Degree	27	9,289,476 ISK
4	Bachelors Degree	38	8,174,194 ISK
5	High School	25	5,984,435 ISK
6	Bellow H. School	3	4,855,553 ISK

Experience / Iceland (Gross ISK)

#		Surveys
1	20+ Years	15	11,397,629 ISK
2	8-12 Years	18	9,928,722 ISK
3	16-20 Years	6	9,058,259 ISK
4	12-16 Years	9	9,031,057 ISK
5	0-1 Year	14	8,106,190 ISK
6	2-4 Years	20	7,045,312 ISK
7	4-8 Years	14	6,990,908 ISK
8	1-2 Years	15	5,113,972 ISK

Age / Iceland (Gross ISK)

#		Surveys
1	51-55	6	12,975,344 ISK
2	46-50	6	11,356,826 ISK
3	36-40	9	10,540,767 ISK
4	31-35	25	9,411,885 ISK
5	21-25	15	8,296,603 ISK
6	56-60	4	8,160,593 ISK
7	n/a	9	7,398,938 ISK
8	41-45	8	6,814,095 ISK
9	26-30	23	5,998,036 ISK
10	14-20	6	3,672,267 ISK

Work Type / Iceland (Gross ISK)

#		Surveys
1	Self Employed	4	10,799,186 ISK
2	Permanent	81	8,691,032 ISK
3	Part Time	8	6,637,283 ISK
4	Contract	18	6,351,662 ISK

Cities / Iceland (Gross ISK)

#		Surveys		AVERAGE SALARY / YEAR
1	Reykjavík	91	8,677,431 ISK
2	--Other--	20	6,229,253 ISK

Career Groups / Iceland (Gross ISK)

#		Surveys
1	Health Care & Medical	2	15,124,300 ISK
2	Accounting & Administration	3	13,941,014 ISK
3	Management & Business	11	13,532,985 ISK
4	Salesmen & Saleswomen	2	13,424,177 ISK
5	Law	1	12,308,895 ISK
6	Finance & Banking	3	12,118,482 ISK
7	Automobile	1	11,275,220 ISK
8	Marketing, Sales, Purchase	3	11,180,013 ISK
9	Health Care & Medical II	2	11,180,013 ISK
10	Properties & Real Estates	2	10,499,964 ISK
11	Sports & Recreation	4	9,221,471 ISK
12	IT & Programming II	7	9,003,855 ISK
13	Media	1	8,691,032 ISK
14	Engineers & Technicians III	1	8,432,613 ISK
15	IT & Programming	7	7,942,978 ISK
16	Education & University	5	7,657,357 ISK
17	Human Resources	3	7,453,342 ISK
18	Construction & Labor Workers	8	7,249,327 ISK
19	Security & Fireguard	2	7,194,923 ISK
20	Military	1	6,746,091 ISK
21	Public Sector	1	6,542,076 ISK
22	Hotels & Tourism	8	6,052,440 ISK
23	Engineers & Technicians	9	5,970,834 ISK
24	Architect Constructions	2	5,821,223 ISK
25	Engineers & Technicians II	3	5,712,415 ISK
26	Customer Services	2	5,236,381 ISK
27	Making Design	2	4,692,341 ISK
28	Aviation & Shipping	1	4,624,336 ISK
29	Insurance	1	4,066,696 ISK
30	Restaurants, Inns, Pubs	13	3,944,287 ISK

Careers / Iceland (Gross ISK)

#		Surveys
1	General Manager	1	33,839,263 ISK
2	Sales Manager	1	18,905,376 ISK
3	Sales in Computer Shops	1	17,749,291 ISK
4	Lead Developer	1	14,485,054 ISK
5	Teacher	1	14,485,054 ISK
6	Director	1	13,532,985 ISK
7	Coach	2	13,519,384 ISK
8	Quality Manager	1	12,975,344 ISK
9	Government Counsel Lawyer	1	12,308,895 ISK
10	Other IT Career	1	11,683,250 ISK
11	Project Manager	1	11,588,043 ISK
12	System Administrator	1	11,479,235 ISK
13	Car Mechanic	1	11,275,220 ISK
14	Other Medical Career	2	11,180,013 ISK
15	Operations Manager	1	11,139,210 ISK
16	Real Estate Agent	2	10,499,964 ISK
17	Other Finance Career	1	10,459,161 ISK
18	CEO	1	9,656,702 ISK
19	Construction Foreman	1	9,398,284 ISK
20	Windows System Administrator	2	9,357,481 ISK
21	Construction Project Coordinator	1	9,316,678 ISK
22	Other Sales Career	1	9,085,461 ISK
23	Construction Worker	1	9,003,855 ISK
24	Game Producer	1	8,691,032 ISK
25	Healthcare Management	1	8,582,224 ISK
26	Hydraulic and Pneumatic Technician	1	8,432,613 ISK
27	Human Resource	1	8,106,190 ISK
28	Tourism and Travel	1	8,106,190 ISK
29	Other Constr. & Labor Career	1	7,793,367 ISK
30	Construction Manager	1	7,793,367 ISK
31	C, C++ Developer	2	7,725,362 ISK
32	Business Development Manager	2	7,684,559 ISK
33	Engineer	6	7,466,943 ISK
34	Call Center	1	7,235,726 ISK
35	Other Security Career	2	7,194,923 ISK
36	Human Resources Manager	2	7,126,918 ISK
37	Graphical or Printing Technician	1	7,072,514 ISK
38	Other Tourism Career	3	6,786,894 ISK
39	Other Public Sector Career	1	6,542,076 ISK
40	Manager	1	6,487,672 ISK
41	Architect	2	5,821,223 ISK
42	Tourist Guide	2	5,780,420 ISK
43	Software Developer	2	5,780,420 ISK
44	Travel Coordinator	1	5,372,391 ISK
45	Construction Carpenter	2	5,032,366 ISK
46	Sport Team Coach	2	4,923,558 ISK
47	Kindergarten Teacher	1	4,828,351 ISK
48	Other Education Career	2	4,610,735 ISK
49	Bar Manager	1	4,515,528 ISK
50	Food Engineer	1	4,175,503 ISK
51	Insurance Agent	1	4,066,696 ISK
52	Cook	3	3,617,863 ISK
53	Other Restaurant Career	3	3,563,459 ISK
54	Waiter or Waitress	5	3,454,651 ISK
55	IT Project Manager	1	3,332,242 ISK
56	Food Service	1	3,250,636 ISK
57	Mechanical Engineer	2	3,128,227 ISK
58	AutoCAD	1	2,706,597 ISK

People's individual salary examples (surveys)

Carpenter

Posted 16 November 2023
Key knowledge and tasks

"Building houses."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	1-2 Years	Intermediate	6,197,700 ISK

Estate Agent

Posted 29 September 2022
Key knowledge and tasks

"Book and do home viewings with clients
telephone sales
manage marketing platforms."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	1-2 Years	Advanced	6,512,400 ISK

Civil Engineer

Posted 02 September 2022
Key knowledge and tasks

"Quality reports, inspections, drawings."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	2-4 Years	Advanced	8,891,100 ISK

Barista Waiter

Posted 20 February 2022
Key knowledge and tasks

"Barista."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	1-2 Years	Advanced	4,779,300 ISK

Bar Tender

Posted 16 February 2022
Key knowledge and tasks

"High school."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	16-20 Years	Basic	4,297,100 ISK

Event Mamager

Posted 26 December 2021
Key knowledge and tasks

"Event manager in a 5 stars hotel in luxembourg."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	0-1 Year	Advanced	9,248,500 ISK

Teachers Assistant

Posted 21 October 2021
Key knowledge and tasks

"Am studying to become a teacher, will have my Bachelors degree in 5 months."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Some College	0-1 Year	Intermediate	3,878,300 ISK

Phd Student

Posted 23 September 2021
Key knowledge and tasks

"Computer Science, Mathematics, Research."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	1-2 Years	Advanced	5,349,400 ISK

Construction Project Manager

Posted 11 September 2021
Key knowledge and tasks

"Controling the site, project plan, material, workers, working with drawings, calculations."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	2-4 Years	Advanced	9,934,700 ISK

Cashier

Posted 24 December 2020
Key knowledge and tasks

"Cashier stack shelf."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	0-1 Year	n/a	3,244,400 ISK

Process Engineer

Posted 19 November 2020
Key knowledge and tasks

"Develop a process."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	4-8 Years	n/a	8,435,600 ISK

Project Manager

Posted 11 August 2020
Key knowledge and tasks

"Managing various projects and casino games."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	4-8 Years	n/a	3,335,200 ISK

Sales Representative

Posted 11 June 2020
Key knowledge and tasks

"Sales persion. Transportation in the fishing industry."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	12-16 Years	n/a	9,084,500 ISK

Sales Representative

Posted 04 May 2020
Key knowledge and tasks

"Selling software and hardware in a designated sales territory."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	12-16 Years	n/a	17,751,200 ISK

Heavyplant Operator

Posted 19 April 2020
Key knowledge and tasks

"Multi task plant operator."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bellow H. School	8-12 Years	n/a	7,786,700 ISK

Software Consultant

Posted 15 March 2020
Key knowledge and tasks

"SQL programming, supply chain consulting, software implementation and service."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	2-4 Years	n/a	11,680,100 ISK

Landscabing

Posted 14 February 2020
Key knowledge and tasks

"My job is to look after the projects."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	1-2 Years	n/a	7,786,700 ISK

Personal Assistant

Posted 05 December 2019
Key knowledge and tasks

"Taking care of people with everyday things that they can not take care of themselves."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	1-2 Years	n/a	6,543,200 ISK

Compliance Manager

Posted 09 August 2019
Key knowledge and tasks

"Compliance, Risk Management, Quality Management, Safety Management, Internal Audit, Security Management."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Doctorate Degree	12-16 Years	n/a	12,973,600 ISK

Painter

Posted 05 July 2019
Key knowledge and tasks

"Painting new appartments."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	8-12 Years	n/a	9,005,900 ISK

Executive Director It

Posted 19 June 2019
Key knowledge and tasks

"Business unit manager. 130 employees."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	20+ Years	n/a	33,844,300 ISK

Atv Guide

Posted 14 May 2019
Key knowledge and tasks

"Responsible for guiding tourists on ATV bikes."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	0-1 Year	n/a	5,640,600 ISK

Mechanic

Posted 07 May 2019
Key knowledge and tasks

"Work in dealership to fix cars."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	20+ Years	n/a	11,281,300 ISK

Security Guard

Posted 05 April 2019
Key knowledge and tasks

"Weapon and explosive search."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	High School	8-12 Years	n/a	11,281,300 ISK

Director

Posted 18 March 2019
Key knowledge and tasks

"Business administration."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	12-16 Years	n/a	13,537,700 ISK

Software Engineer

Posted 16 March 2019
Key knowledge and tasks

"Doing my work and nothing else."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	2-4 Years	n/a	6,768,800 ISK

Head Bartender

Posted 17 February 2019
Key knowledge and tasks

"Responsible of the entire bar&lounge activity."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	20+ Years	n/a	4,512,500 ISK

Rental Agent

Posted 13 February 2019
Key knowledge and tasks

"RENTING CARS AND SELLING INSURANCES TO CUSTOMERS."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	2-4 Years	n/a	4,061,300 ISK

Consultant

Posted 07 February 2019
Key knowledge and tasks

"Consultant for the pharmaceutical industry."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Doctorate Degree	2-4 Years	n/a	12,973,600 ISK

Supervisor

Posted 07 February 2019
Key knowledge and tasks

"Supervising of work on site."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	8-12 Years	n/a	9,322,000 ISK

Foreman

Posted 16 January 2019
Key knowledge and tasks

"Supervise support department of construction company."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Some College	20+ Years	n/a	9,394,100 ISK

Project Manager

Posted 21 December 2018
Key knowledge and tasks

"Developing new projects."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	8-12 Years	n/a	8,587,500 ISK

Designer

Posted 14 November 2018
Key knowledge and tasks

"I develop AutoCAD drawings."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	4-8 Years	n/a	2,700,500 ISK

Dive Instructor

Posted 15 October 2018
Key knowledge and tasks

"Snorkeling and diving tours."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	2-4 Years	n/a	5,914,000 ISK

Hr Generalist

Posted 05 September 2018
Key knowledge and tasks

"General hr work."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	1-2 Years	n/a	8,101,400 ISK

Saless

Posted 04 September 2018
Key knowledge and tasks

"Head of regional sales."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Some College	16-20 Years	n/a	18,903,300 ISK

Industrial Engineer

Posted 07 August 2018
Key knowledge and tasks

"Project management and industrial process development."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	16-20 Years	n/a	9,451,600 ISK

Manager Supervisor

Posted 02 August 2018
Key knowledge and tasks

"Managing, shift allotments, hiring, job allocations, training, money handling."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Some College	2-4 Years	n/a	6,481,100 ISK

System Analyst

Posted 30 July 2018
Key knowledge and tasks

"Making sure everything IT related it running smooth."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	4-8 Years	n/a	11,476,900 ISK

Junior Cook

Posted 29 July 2018
Key knowledge and tasks

"Preparation, grill station, closing kitchen."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	0-1 Year	n/a	4,455,700 ISK

Sales And Marketing

Posted 08 July 2018
Key knowledge and tasks

"Preparing offers for tour operators, package tours
marketing prepraring brochures and marketing campain."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	8-12 Years	n/a	8,101,400 ISK

Mechanical Engineer

Posted 04 June 2018
Key knowledge and tasks

"I design systems that could run games for my company."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	0-1 Year	n/a	1,957,700 ISK

Civil Engineer

Posted 17 April 2018
Key knowledge and tasks

"Quality control, calculation, managing workers."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	2-4 Years	n/a	8,236,400 ISK

Housekeeping

Posted 03 February 2018
Key knowledge and tasks

"Making sure that the premises e. g bedrooms, collidor and common rooms."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	20+ Years	n/a	6,751,100 ISK

Project Manager

Posted 23 November 2017
Key knowledge and tasks

"Design proposal, construction drawings and details."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	16-20 Years	n/a	8,447,700 ISK

Software Developer

Posted 03 September 2017
Key knowledge and tasks

"Wrote code for financial transaction systems."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Masters Degree	2-4 Years	n/a	8,689,100 ISK

Head Coach

Posted 15 August 2017
Key knowledge and tasks

"Head Coach, football. And other."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	8-12 Years	n/a	13,757,800 ISK

Head Coach

Posted 15 August 2017
Key knowledge and tasks

"Coaching and teaching, and other jobs."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	Bachelors Degree	8-12 Years	n/a	13,275,100 ISK

Kindergarten Teacher

Posted 18 July 2017
Key knowledge and tasks

"I work with kids. I clean their faces after eating and putt them to sleep

Play with them."

City	Education	Experience	Knowledge	Gross salary / year
Reykjavík	High School	1-2 Years	n/a	4,827,300 ISK

ECONOMY / Iceland

The most important industries in Iceland are Aluminum smelting, fishing, marine products, tourism, machinery, silicon alloys, software.

The largest companies in Iceland are:

Kaupthing Bank (Banking),
Glitnir (Banking),
Landsbanki (Banking),
Exista (Diversified financials)