Accounts Payable Coordinator salary in Iceland

Average Yearly Salary of Accounts Payable Coordinator in Iceland is approximately 7,596,921 ISK (53,125 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 Accounts Payable Coordinator do?

An accounts payable coordinator is responsible for managing and coordinating all aspects of the accounts payable process within an organization. They ensure that invoices are processed accurately and in a timely manner, reconcile vendor statements, resolve any discrepancies or issues, and maintain proper documentation of all payments made. Additionally, they may be responsible for data entry, generating financial reports, and assisting with month-end closing procedures.

Skills: accounts payable, finance, coordination, invoice processing, vendor management, reconciliation.
Job industry: Accounting

How much does Accounts Payable 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 Accounts Payable Coordinator a well paid job?

Yes, our data show that Accounts Payable 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 Accounts Payable Coordinator?

High salary for Accounts Payable Coordinator would be somewhere between 8,356,613 ISK and 11,015,535 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Accounts Payable 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: 7,596,921 ISK
Estimated Monthly Salary: 633,077 ISK
Estimated Weekly Salary: 146,095 ISK per week
Estimated Hourly Salary: 3,652 ISK per hour
By working as Accounts Payable Coordinator a person can save up to 1,698 USD per month or 20,379 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 Accounts Payable 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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