🇮🇸 Europe

Iceland

Salary, tax, minimum wage and employer cost data.

CurrencyISK (kr)
VAT24%
Fiscal yearJan-Dec
Pay cycleMonthly
Employee rate4.0%
Employer rate6.5%

Minimum wage in Iceland

Monthly grosskr 430,000
Monthly net (est.)kr 310,000
Hourly grosskr 2,560.00
Annual grosskr 5,160,000
Annual net (est.)kr 3,720,000

Average salary

Gross annualkr 10,800,000
Net monthlykr 620,000

Tax brackets

31.45% up to 4,803,139 ISK
37.95% 4,803,140-13,443,708
46.25% above

Calculate salary in Iceland

Salaries by profession in Iceland

Software Engineerkr 17,280,000/yr grossData Scientistkr 18,360,000/yr grossProduct Managerkr 16,200,000/yr grossUX Designerkr 14,040,000/yr grossWeb Developerkr 14,040,000/yr grossCybersecurity Analystkr 17,280,000/yr grossDoctorkr 23,760,000/yr grossNursekr 9,180,000/yr grossDentistkr 21,600,000/yr grossPharmacistkr 15,120,000/yr grossTeacherkr 8,100,000/yr grossUniversity Professorkr 15,120,000/yr grossAccountantkr 11,880,000/yr grossFinancial Analystkr 15,120,000/yr grossLawyerkr 19,440,000/yr grossCivil Engineerkr 14,040,000/yr grossMechanical Engineerkr 14,040,000/yr grossArchitectkr 12,960,000/yr grossMarketing Managerkr 14,040,000/yr grossSales Managerkr 15,120,000/yr grossHR Managerkr 12,960,000/yr grossProject Managerkr 14,040,000/yr grossGraphic Designerkr 9,720,000/yr grossJournalistkr 9,180,000/yr grossChefkr 7,560,000/yr gross

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