Abstractor salary in Iceland

Average Yearly Salary of Abstractor in Iceland is approximately 6,819,239 ISK (47,748 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Abstractor do?

An abstractor is a professional who specializes in gathering and analyzing information from various sources to create abstracts or summaries. These abstracts provide concise and accurate information about legal documents, such as property titles, court records, and financial transactions. Abstractors play a crucial role in the real estate industry, ensuring that property titles are clear and free of any encumbrances. Their main responsibilities include conducting thorough research, reviewing documents, extracting relevant information, and preparing detailed reports. Abstractors must possess excellent analytical skills, attention to detail, and a deep understanding of legal terminology and processes. They often work closely with attorneys, real estate agents, and title companies to ensure the accuracy and completeness of their findings.

Skills: Abstractor, Title research, Legal documents, Real estate, Research analysis, Property titles
Job industry: Real estate

How much does Abstractor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Abstractor a well paid job?

No, our data shows that Abstractor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Abstractor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Abstractor?

High salary for Abstractor would be somewhere between 7,501,163 ISK and 9,887,897 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Abstractor in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,819,239 ISK
Estimated Monthly Salary: 568,270 ISK
Estimated Weekly Salary: 131,139 ISK per week
Estimated Hourly Salary: 3,278 ISK per hour
By working as Abstractor a person can save up to 1,250 USD per month or 15,002 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Abstractor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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