Accounting Coordinator salary in Iceland

Average Yearly Salary of Accounting Coordinator in Iceland is approximately 8,053,206 ISK (56,034 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 Accounting Coordinator do?

An accounting coordinator is responsible for assisting in the financial operations of an organization. They work closely with the accounting team to maintain accurate financial records, process invoices and payments, reconcile accounts, and prepare financial reports. The role requires strong attention to detail, as well as proficiency in accounting software and spreadsheets. Accounting coordinators may also assist in budgeting and forecasting, analyzing financial data, and ensuring compliance with accounting standards and regulations. Effective communication skills are essential, as they often interact with internal stakeholders and external vendors. This role requires a high level of organization, problem-solving abilities, and the ability to meet deadlines. Overall, an accounting coordinator plays a crucial role in supporting the financial health and stability of an organization.

Skills: accounting, finance, financial operations, invoicing, financial reporting, compliance.
Job industry: Accounting

How much does Accounting Coordinator make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Accounting Coordinator a well paid job?

Yes, our data show that Accounting Coordinator 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 Accounting Coordinator?

High salary for Accounting Coordinator would be somewhere between 8,858,527 ISK and 11,677,149 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounting Coordinator 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: 8,053,206 ISK
Estimated Monthly Salary: 671,101 ISK
Estimated Weekly Salary: 154,869 ISK per week
Estimated Hourly Salary: 3,872 ISK per hour
By working as Accounting Coordinator a person can save up to 1,941 USD per month or 23,288 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 Accounting Coordinator

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.

Top 10 highest salaries in Iceland

Data as of 2025

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