Local Salaries · Iceland
What is a good salary in 🇮🇸 Iceland (Reykjavik)?
The median is about $5,037/month; top-10% earners clear $9,370/month.
The local wage ladder
| Band | Monthly | Annual | Local currency |
|---|---|---|---|
| Survival floorsingle-person essentials | $2,905 | $34,860 | 373,121 ISK/mo |
| Statutory minimumILOSTAT statutory monthly minimum wage, 2024 (USD). | $3,088 | $37,056 | 396,626 ISK/mo |
| Median (p50)typical earner | $5,037 | $60,444 | 646,957 ISK/mo |
| Comfortable (p75)upper-middle | $6,983 | $83,796 | 896,904 ISK/mo |
| Top 10% (p90)high earner | $9,370 | $112,440 | 1,203,492 ISK/mo |
| Top 1% (p99)elite | $15,541 | $186,492 | 1,996,102 ISK/mo |
Modelled from World Bank GNI $89,220 (2025) and Gini 26.8. Check where you stand in the interactive benchmarker.
Countries with similar median pay
- 🇺🇸 United States — median $5,087/mo
- 🇩🇰 Denmark — median $4,980/mo
- 🇧🇪 Belgium — median $4,746/mo
- 🇮🇪 Ireland — median $5,642/mo
See also: what everyday life costs in Iceland
Frequently asked questions
- What is a good salary in Iceland?
- The median wage is about $5,037/month ($60,444/year). A "comfortable" p75 salary is around $6,983/month, and you'd be a top-10% earner above $9,370/month.
- What is a top 10% salary in Iceland?
- Roughly $9,370/month ($112,440/year) puts you in the top 10%; the top 1% starts near $15,541/month.
- What is the minimum wage in Iceland?
- About $3,088/month. ILOSTAT statutory monthly minimum wage, 2024 (USD).
- How are these Iceland salary figures calculated?
- A log-normal wage model calibrated from World Bank GNI per capita ($89,220, 2025) and the Gini index (26.8). Estimates for benchmarking, not payroll data.