Professional salary in Iceland

The average professional salary in Iceland in 2018 is EUR 93,155 per year (EUR 7,763 per month, or EUR 1,791 per week). This figure represents gross annual earnings before income tax and social contributions. Source: Eurostat.

A professional in Iceland earns approximately EUR 7,763 per month (gross) in 2018, based on an annual average of EUR 93,155. 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 professionals in Iceland typically earn between EUR 60,600 and EUR 79,200 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.

Yes. Based on available data, Professional salaries in Iceland have grown by approximately 12199% between 2018 and 2026, reflecting ongoing demand and wage growth trends.

Among Europe countries in our dataset, Switzerland offers the highest average professional salary at EUR 98,485 per year in 2018. Iceland ranks 2 in the region with EUR 93,155/yr.

Whether EUR 93,155 per year is a good professional 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 professional salary of EUR 93,155/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.