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Average Salary - Iceland ICELAND / SALARY


SALARY SURVEYS

111

UPDATED
February 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

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

Estate Agent
Posted 29 September 2022
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 1-2 Years Advanced 6,512,400 ISK

Civil Engineer
Posted 02 September 2022
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 2-4 Years Advanced 8,891,100 ISK

Barista Waiter
Posted 20 February 2022
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 1-2 Years Advanced 4,779,300 ISK

Bar Tender
Posted 16 February 2022
City Education Experience Knowledge Gross salary / year
Reykjavík High School 16-20 Years Basic 4,297,100 ISK

Event Mamager
Posted 26 December 2021
City Education Experience Knowledge Gross salary / year
Reykjavík Masters Degree 0-1 Year Advanced 9,248,500 ISK

Teachers Assistant
Posted 21 October 2021
City Education Experience Knowledge Gross salary / year
--Other-- Some College 0-1 Year Intermediate 3,878,300 ISK

Phd Student
Posted 23 September 2021
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
City Education Experience Knowledge Gross salary / year
Reykjavík High School 2-4 Years Advanced 9,934,700 ISK

Cashier
Posted 24 December 2020
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
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
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
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
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
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
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 2-4 Years n/a 11,680,100 ISK

Landscabing
Posted 14 February 2020
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
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
City Education Experience Knowledge Gross salary / year
Reykjavík Doctorate Degree 12-16 Years n/a 12,973,600 ISK

Painter
Posted 05 July 2019
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
City Education Experience Knowledge Gross salary / year
Reykjavík Masters Degree 20+ Years n/a 33,844,300 ISK

Atv Guide
Posted 14 May 2019
City Education Experience Knowledge Gross salary / year
Reykjavík Masters Degree 0-1 Year n/a 5,640,600 ISK

Mechanic
Posted 07 May 2019
City Education Experience Knowledge Gross salary / year
Reykjavík High School 20+ Years n/a 11,281,300 ISK

Security Guard
Posted 05 April 2019
City Education Experience Knowledge Gross salary / year
--Other-- High School 8-12 Years n/a 11,281,300 ISK

Director
Posted 18 March 2019
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
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
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 20+ Years n/a 4,512,500 ISK

Rental Agent
Posted 13 February 2019
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 2-4 Years n/a 4,061,300 ISK

Consultant
Posted 07 February 2019
City Education Experience Knowledge Gross salary / year
Reykjavík Doctorate Degree 2-4 Years n/a 12,973,600 ISK

Supervisor
Posted 07 February 2019
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 8-12 Years n/a 9,322,000 ISK

Foreman
Posted 16 January 2019
City Education Experience Knowledge Gross salary / year
Reykjavík Some College 20+ Years n/a 9,394,100 ISK

Project Manager
Posted 21 December 2018
City Education Experience Knowledge Gross salary / year
Reykjavík Masters Degree 8-12 Years n/a 8,587,500 ISK

Designer
Posted 14 November 2018
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
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
City Education Experience Knowledge Gross salary / year
Reykjavík Masters Degree 1-2 Years n/a 8,101,400 ISK

Saless
Posted 04 September 2018
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
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
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
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
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
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
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
City Education Experience Knowledge Gross salary / year
Reykjavík Bachelors Degree 2-4 Years n/a 8,236,400 ISK

Housekeeping
Posted 03 February 2018
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 20+ Years n/a 6,751,100 ISK

Project Manager
Posted 23 November 2017
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
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
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
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
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:
  1. Kaupthing Bank (Banking),
  2. Glitnir (Banking),
  3. Landsbanki (Banking),
  4. Exista (Diversified financials)

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