All Occupations salary in Iceland

The average all occupations salary in Iceland in 2018 is EUR 71,070 per year (EUR 5,923 per month, or EUR 1,367 per week). This figure represents gross annual earnings before income tax and social contributions. Source: Eurostat.

A all occupations in Iceland earns approximately EUR 5,923 per month (gross) in 2018, based on an annual average of EUR 71,070. Monthly take-home pay will be lower after income tax and social security deductions, which vary by individual circumstances and applicable tax brackets in Iceland.

Entry-level all occupationss in Iceland typically earn between EUR 46,200 and EUR 60,400 per year in 2018. Salaries at the junior level are generally 15–35% below the national average, increasing with professional certifications, years of experience, and specialisation.

Among Europe countries in our dataset, Switzerland offers the highest average all occupations salary at EUR 77,185 per year in 2018. Iceland ranks 2 in the region with EUR 71,070/yr.

Whether EUR 71,070 per year is a good all occupations salary in Iceland depends on cost of living, location, and career stage. This figure represents the 2018 national average — earners above this level are in the upper half of the pay distribution for this occupation. Factors that influence individual compensation include employer type (multinational vs. local), city (capital cities typically pay 10–25% more), qualifications, and years of experience.

Iceland's all occupations salary of EUR 71,070/yr is higher than 7 countries and lower than 1 country in the Europe region as of 2018. Differences across countries reflect purchasing power, labour market conditions, cost of living, and local demand for this role.