Accounting Technician salary in Iceland

Average Yearly Salary of Accounting Technician in Iceland is approximately 8,032,421 ISK (56,320 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 Technician do?

An accounting technician is a professional who assists in the preparation and maintenance of financial records for organizations. They perform various tasks related to bookkeeping, such as recording financial transactions, reconciling accounts, and preparing financial statements. Additionally, they may assist in budgeting, payroll processing, and tax preparation. Accounting technicians play a crucial role in ensuring accurate and up-to-date financial information for businesses. They are skilled in using accounting software and have a strong understanding of financial principles and regulations. Attention to detail, analytical thinking, and problem-solving skills are essential in this occupation.

Skills: Accounting, Bookkeeping, Financial Records, Financial Statements, Budgeting, Tax Preparation
Job industry: Finance and accounting

How much does Accounting Technician make?

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


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Salary comparison to National average

Is Accounting Technician a well paid job?

Yes, our data show that Accounting Technician 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 Technician?

High salary for Accounting Technician would be somewhere between 8,835,663 ISK and 11,647,010 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounting Technician 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: 8,032,421 ISK
Estimated Monthly Salary: 669,368 ISK
Estimated Weekly Salary: 154,470 ISK per week
Estimated Hourly Salary: 3,862 ISK per hour
By working as Accounting Technician a person can save up to 1,965 USD per month or 23,574 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 Technician

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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