---
title: "What Is a Good Salary in Iceland? — Geo-Parity"
description: "Median wage in Iceland ≈ $5,037/mo; top 10% above $9,370/mo, minimum $3,088/mo. Full local wage ladder from World Bank data."
canonical: "https://geo-parity.com/wage-bands/iceland/"
json: "https://geo-parity.com/api/wage-bands.json?country=IS"
generator: geo-parity markdown twin
---
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](https://geo-parity.com/wage-bands/?country=IS).

## Countries with similar median pay

- [🇺🇸 United States](https://geo-parity.com/wage-bands/united-states/) — median $5,087/mo
- [🇩🇰 Denmark](https://geo-parity.com/wage-bands/denmark/) — median $4,980/mo
- [🇧🇪 Belgium](https://geo-parity.com/wage-bands/belgium/) — median $4,746/mo
- [🇮🇪 Ireland](https://geo-parity.com/wage-bands/ireland/) — median $5,642/mo

See also: [what everyday life costs in Iceland](https://geo-parity.com/ppp/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.

Log-normal model from World Bank data — estimates for benchmarking, not payroll data. Agents: GET /api/wage-bands.json?country=IS.

---

Source: Geo-Parity — https://geo-parity.com/wage-bands/iceland/ · JSON: https://geo-parity.com/api/wage-bands.json?country=IS