Arbitrator salary in Iceland

Average Yearly Salary of Arbitrator in Iceland is approximately 16,005,692 ISK (111,413 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 Arbitrator do?

An arbitrator is a professional who facilitates the resolution of disputes between two or more parties. They act as neutral third parties and help the involved parties reach a mutually agreeable solution without going to court. Arbitrators are commonly used in legal, business, labor, and commercial disputes. Their primary role is to listen to both sides of the argument, review evidence, and make a decision that is legally binding or enforceable. They may conduct hearings, gather information, analyze facts, and apply relevant laws or regulations to render a fair judgment. Excellent communication, negotiation, and analytical skills are crucial for arbitrators to effectively mediate conflicts and maintain impartiality.

Skills: Arbitration, Mediation, Dispute Resolution, Legal, Negotiation, Impartiality
Job industry: Legal

How much does Arbitrator make?

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


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Salary comparison to National average

Is Arbitrator a well paid job?

Yes, our data shows that Arbitrator is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Arbitrator?

High salary for Arbitrator would be somewhere between 17,606,261 ISK and 23,208,253 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Arbitrator 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: 16,005,692 ISK
Estimated Monthly Salary: 1,333,808 ISK
Estimated Weekly Salary: 307,802 ISK per week
Estimated Hourly Salary: 7,695 ISK per hour
By working as Arbitrator a person can save up to 6,556 USD per month or 78,667 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 Arbitrator

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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