Home > Salary > Iceland > Accountant
An accountant is a professional who specializes in managing financial records, analyzing data, and providing financial advice to individuals, businesses, or organizations. They are responsible for preparing and examining financial statements, ensuring accuracy and compliance with laws and regulations. Accountants also play a crucial role in tax preparation, budgeting, and forecasting. They may work in various settings such as public accounting firms, government agencies, corporations, or as independent consultants.
Estimated Yearly Salary: 10,154,737 ISK
Estimated Monthly Salary: 846,228 ISK
Estimated Weekly Salary: 195,283 ISK per week
Estimated Hourly Salary: 4,882 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 815,231 ISK
Estimated Weekly Salary: 188,130 ISK per week
Estimated Hourly Salary: 4,703 ISK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 70,989 USD
Estimated Monthly Salary: 5,916 USD
Estimated Weekly Salary: 1,365 USD per week
Estimated Hourly Salary: 34 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 10,154,737 ISK
Estimated Monthly Salary: 846,228 ISK
Estimated Weekly Salary: 195,283 ISK per week
Estimated Hourly Salary: 4,882 ISK per hour
By working as Accountant a person can save up to 3,187 USD per month or 38,243 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.
Estimated Yearly Salary for Accountant
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Sql reports developer (14,567,839 ISK per year, pre-tax.)
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Account management manager (15,769,973 ISK per year, pre-tax.)
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Accountant salary in Iceland
Average Yearly Salary of Accountant in Iceland is approximately 10,154,737 ISK (70,989 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 Accountant do?
An accountant is a professional who specializes in managing financial records, analyzing data, and providing financial advice to individuals, businesses, or organizations. They are responsible for preparing and examining financial statements, ensuring accuracy and compliance with laws and regulations. Accountants also play a crucial role in tax preparation, budgeting, and forecasting. They may work in various settings such as public accounting firms, government agencies, corporations, or as independent consultants.
Skills: Accountant, Financial Analysis, Tax Preparation, Budgeting, Compliance, Financial Advising
Job industry: Finance and accounting
Job industry: Finance and accounting
How much does Accountant make?
Salary details
How much does Accountant make?Estimated Yearly Salary: 10,154,737 ISK
Estimated Monthly Salary: 846,228 ISK
Estimated Weekly Salary: 195,283 ISK per week
Estimated Hourly Salary: 4,882 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 9,782,773 ISKEstimated Monthly Salary: 815,231 ISK
Estimated Weekly Salary: 188,130 ISK per week
Estimated Hourly Salary: 4,703 ISK per hour
Last revision of data: 2024-01-07Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 70,989 USD
Estimated Monthly Salary: 5,916 USD
Estimated Weekly Salary: 1,365 USD per week
Estimated Hourly Salary: 34 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Accountant in Iceland earns on average:
1.13 times the average salary (or 113% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Accountant in Iceland earns on average:
1.13 times the average salary (or 113% of average salary).
Is Accountant a well paid job?
Yes, our data show that Accountant is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Accountant?
High salary for Accountant would be somewhere between 11,170,211 ISK and 14,724,369 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Accountant 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: 10,154,737 ISK
Estimated Monthly Salary: 846,228 ISK
Estimated Weekly Salary: 195,283 ISK per week
Estimated Hourly Salary: 4,882 ISK per hour
By working as Accountant a person can save up to 3,187 USD per month or 38,243 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 Accountant
Norway is 99,108 USD
United Kingdom is 46,572 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Sql reports developer (14,567,839 ISK per year, pre-tax.)
Chief lab manager (14,051,105 ISK per year, pre-tax.)
Team driver (7,605,757 ISK per year, pre-tax.)
Account management manager (15,769,973 ISK per year, pre-tax.)
Office management assistant (6,089,135 ISK per year, pre-tax.)
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