Home > Salary > Iceland > Budget Accountant
A budget accountant is responsible for managing and monitoring an organization's financial resources. They analyze financial data, prepare budget plans, and ensure that spending aligns with the organization's goals and objectives. Budget accountants collaborate with various departments to develop accurate budgets and forecasts, track expenses, and identify areas for cost reduction. They also provide financial reports and analysis to management, highlighting any discrepancies or deviations from the budget.
Estimated Yearly Salary: 16,033,049 ISK
Estimated Monthly Salary: 1,336,087 ISK
Estimated Weekly Salary: 308,328 ISK per week
Estimated Hourly Salary: 7,708 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,293,733 ISK
Estimated Weekly Salary: 298,554 ISK per week
Estimated Hourly Salary: 7,464 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 112,361 USD
Estimated Monthly Salary: 9,363 USD
Estimated Weekly Salary: 2,161 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 16,033,049 ISK
Estimated Monthly Salary: 1,336,087 ISK
Estimated Weekly Salary: 308,328 ISK per week
Estimated Hourly Salary: 7,708 ISK per hour
By working as Budget Accountant a person can save up to 6,635 USD per month or 79,615 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 Budget Accountant
Last revision of data: 2025-01-04
Data as of 2025
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Budget Accountant salary in Iceland
Average Yearly Salary of Budget Accountant in Iceland is approximately 16,033,049 ISK (112,361 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 Budget Accountant do?
A budget accountant is responsible for managing and monitoring an organization's financial resources. They analyze financial data, prepare budget plans, and ensure that spending aligns with the organization's goals and objectives. Budget accountants collaborate with various departments to develop accurate budgets and forecasts, track expenses, and identify areas for cost reduction. They also provide financial reports and analysis to management, highlighting any discrepancies or deviations from the budget.
Skills: Budgeting, Financial Analysis, Cost Management, Forecasting, Financial Reporting, Expense Tracking
Job industry: Accounting
Job industry: Accounting
How much does Budget Accountant make?
Salary details
How much does Budget Accountant make?Estimated Yearly Salary: 16,033,049 ISK
Estimated Monthly Salary: 1,336,087 ISK
Estimated Weekly Salary: 308,328 ISK per week
Estimated Hourly Salary: 7,708 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 15,524,795 ISKEstimated Monthly Salary: 1,293,733 ISK
Estimated Weekly Salary: 298,554 ISK per week
Estimated Hourly Salary: 7,464 ISK per hour
Last revision of data: 2024-01-03Budget Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 112,361 USD
Estimated Monthly Salary: 9,363 USD
Estimated Weekly Salary: 2,161 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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Country:
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 Budget Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget Accountant in Iceland earns on average:
1.79 times the average salary (or 179% 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 Budget Accountant job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget Accountant in Iceland earns on average:
1.79 times the average salary (or 179% of average salary).
Is Budget Accountant a well paid job?
Yes, our data shows that Budget Accountant 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 Budget Accountant?
High salary for Budget Accountant would be somewhere between 17,636,354 ISK and 23,247,921 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Budget 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: 16,033,049 ISK
Estimated Monthly Salary: 1,336,087 ISK
Estimated Weekly Salary: 308,328 ISK per week
Estimated Hourly Salary: 7,708 ISK per hour
By working as Budget Accountant a person can save up to 6,635 USD per month or 79,615 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 Budget Accountant
Norway is 157,576 USD
United Kingdom is 73,772 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:
Gui developer (11,911,760 ISK per year, pre-tax.)
Orthoticprosthetic practitioner (8,770,839 ISK per year, pre-tax.)
Senior buyer retail (15,035,686 ISK per year, pre-tax.)
Metal fabricator assembler (6,175,376 ISK per year, pre-tax.)
Occupational therapist assistant (8,770,839 ISK per year, pre-tax.)
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