Average salary in Iceland (2023)
Statistical averages from Eurostat. Figures in euros; local currency shown where useful.
Job marketEmployment, vacancies, inflation and working patterns
Income, tax & workHousehold income, tax burden, time and employer cost
Compared with the EU average
Deviation from the simple average of all covered countries. Green means better for workers: higher pay and employment, lower costs, unemployment and tax.
Pay by age (2022)
Mean gross monthly pay by age band, all occupations.
Occupation-level figures come from the 2022 Structure of Earnings Survey, the latest round of this four-yearly survey. The next round covers 2026.
Net salary trend
Average net monthly salary in euros.
Cost of living by category
Price level relative to the EU average (EU = 100). Above the line is pricier than the EU norm; below is cheaper.
Housing
Work incentives
How much of extra earnings is lost to taxes and withdrawn benefits. Lower is better: it means taking a job or a raise pays off.
Gender pay gap by sectorThe unadjusted gender pay gap: the difference between men's and women's average gross hourly earnings, as a share of men's. It does not control for role, hours or seniority.
Unadjusted gap in average gross hourly pay between men and women, by economic sector.
Pay by occupation
Monthly earnings by ISCO-1 occupation group. Click headers to sort.
| Occupation | Median | P10Percentiles of the pay distribution: 10% of full-time earners make less than P10, and 90% make less than P90. Half earn less than the median. | P90 | P10 to P90 | |
|---|---|---|---|---|---|
| Managers | €8,883 | €7,741 | €4,239 | €15,265 | |
| Professionals | €7,229 | €6,552 | €4,545 | €10,299 | |
| Technicians and associate professionals | €5,622 | €5,043 | €3,576 | €8,148 | |
| Craft and related trades workers | €5,469 | €4,894 | €3,175 | €7,994 | |
| Plant and machine operators and assemblers | €4,668 | €4,212 | €2,850 | €6,327 | |
| Clerical support workers | €4,085 | €3,929 | €2,844 | €5,468 | |
| Service and sales workers | €3,839 | €3,166 | €2,474 | €5,581 | |
| Elementary occupations | €3,773 | €3,290 | €2,520 | €5,198 |
Occupation-level figures come from the 2022 Structure of Earnings Survey, the latest round of this four-yearly survey. The next round covers 2026. Bonuses and special payments add about 2.7% of annual pay, overtime about 8.5%.
Managers€8,883
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €5,344
- 30 to 49
- €8,523
- 50 and over
- €9,368
- Men, mean gross
- €9,645
- Women, mean gross
- €7,987
Professionals€7,229
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €5,249
- 30 to 49
- €6,057
- 50 and over
- €6,417
- Men, mean gross
- €6,831
- Women, mean gross
- €5,745
Technicians and associate professionals€5,622
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €4,947
- 30 to 49
- €6,260
- 50 and over
- €6,173
- Men, mean gross
- €6,812
- Women, mean gross
- €5,410
Craft and related trades workers€5,469
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €5,922
- 30 to 49
- €6,134
- 50 and over
- €5,881
- Men, mean gross
- €6,037
- Women, mean gross
- €5,662
Plant and machine operators and assemblers€4,668
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €4,567
- 30 to 49
- €5,243
- 50 and over
- €5,504
- Men, mean gross
- €5,246
- Women, mean gross
- €4,329
Clerical support workers€4,085
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €4,258
- 30 to 49
- €4,391
- 50 and over
- €4,567
- Men, mean gross
- €4,502
- Women, mean gross
- €4,401
Service and sales workers€3,839
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €4,149
- 30 to 49
- €4,516
- 50 and over
- €4,567
- Men, mean gross
- €4,593
- Women, mean gross
- €4,156
Elementary occupations€3,773
Salary range
Middle 80% of full-time earners fall between P10 and P90.
Pay by age (2022)
- Under 30
- €4,011
- 30 to 49
- €4,430
- 50 and over
- €4,399
- Men, mean gross
- €4,645
- Women, mean gross
- €3,730
Other regions: Iceland
Shade the map by GDP, income or unemployment. Hover a region; click to open it.
| Region | GDP per person | Household income | Unemployment |
|---|---|---|---|
| ÍslandIS00 | — | — | 4.5% |
Averages are simple means of available NUTS 2 regional observations; they are not population-weighted. For unemployment, rank 1 is the lowest rate.
Pay by industry
Mean gross monthly pay by economic sector.
Occupation-level figures come from the 2022 Structure of Earnings Survey, the latest round of this four-yearly survey. The next round covers 2026. Covers firms with 10 or more employees.
Income inequality
How evenly income and pay are distributed.
Estimate your net salary
Iceland- Net (EUR)
- €4,546
- Net (local)
- —
- Deductions
- 27.5%
Estimate based on Eurostat net/gross ratios. Not tax advice.
Summary
In 2023, the average net monthly salary in Iceland was around €4,545. That corresponds to an average gross salary of roughly €6,270/month. Real wages have grown by 0.4% over the last three years, after inflation. Price levels sit at 184% of the EU average.
Free tools
Source: Eurostat. Figures are statistical averages, not tax advice.