Home > Salary > Iceland > Budget Analyst
A budget analyst is responsible for analyzing and managing an organization's financial resources. They work closely with department heads and executives to develop, monitor, and maintain budgets, ensuring that funds are allocated appropriately and in line with organizational goals. Budget analysts review financial data, forecasts, and reports to identify trends, potential areas of improvement, and cost-saving opportunities. They also provide recommendations on budget adjustments and reallocations to optimize resource utilization. Additionally, budget analysts may conduct financial audits, prepare financial reports, and assist in the preparation of budget proposals.
Estimated Yearly Salary: 12,136,856 ISK
Estimated Monthly Salary: 1,011,405 ISK
Estimated Weekly Salary: 233,401 ISK per week
Estimated Hourly Salary: 5,835 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 974,736 ISK
Estimated Weekly Salary: 224,939 ISK per week
Estimated Hourly Salary: 5,623 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 84,757 USD
Estimated Monthly Salary: 7,063 USD
Estimated Weekly Salary: 1,630 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 12,136,856 ISK
Estimated Monthly Salary: 1,011,405 ISK
Estimated Weekly Salary: 233,401 ISK per week
Estimated Hourly Salary: 5,835 ISK per hour
By working as Budget Analyst a person can save up to 4,334 USD per month or 52,011 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 Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Budget Analyst salary in Iceland
Average Yearly Salary of Budget Analyst in Iceland is approximately 12,136,856 ISK (84,757 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 Analyst do?
A budget analyst is responsible for analyzing and managing an organization's financial resources. They work closely with department heads and executives to develop, monitor, and maintain budgets, ensuring that funds are allocated appropriately and in line with organizational goals. Budget analysts review financial data, forecasts, and reports to identify trends, potential areas of improvement, and cost-saving opportunities. They also provide recommendations on budget adjustments and reallocations to optimize resource utilization. Additionally, budget analysts may conduct financial audits, prepare financial reports, and assist in the preparation of budget proposals.
Skills: budget management, financial analysis, resource allocation, cost control, financial planning, financial reporting
Job industry: Finance
Job industry: Finance
How much does Budget Analyst make?
Salary details
How much does Budget Analyst make?Estimated Yearly Salary: 12,136,856 ISK
Estimated Monthly Salary: 1,011,405 ISK
Estimated Weekly Salary: 233,401 ISK per week
Estimated Hourly Salary: 5,835 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,696,828 ISKEstimated Monthly Salary: 974,736 ISK
Estimated Weekly Salary: 224,939 ISK per week
Estimated Hourly Salary: 5,623 ISK per hour
Last revision of data: 2024-01-05Budget Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 84,757 USD
Estimated Monthly Salary: 7,063 USD
Estimated Weekly Salary: 1,630 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget Analyst in Iceland earns on average:
1.36 times the average salary (or 136% 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 Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget Analyst in Iceland earns on average:
1.36 times the average salary (or 136% of average salary).
Is Budget Analyst a well paid job?
Yes, our data shows that Budget Analyst 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 Analyst?
High salary for Budget Analyst would be somewhere between 13,350,542 ISK and 17,598,441 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Budget Analyst 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: 12,136,856 ISK
Estimated Monthly Salary: 1,011,405 ISK
Estimated Weekly Salary: 233,401 ISK per week
Estimated Hourly Salary: 5,835 ISK per hour
By working as Budget Analyst a person can save up to 4,334 USD per month or 52,011 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 Analyst
Norway is 118,701 USD
United Kingdom is 55,628 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:
Building inspector (10,592,654 ISK per year, pre-tax.)
Woodworker (6,837,388 ISK per year, pre-tax.)
It audit associate (9,782,773 ISK per year, pre-tax.)
Aircrew scheduler (9,144,707 ISK per year, pre-tax.)
Program manager engineering (16,053,342 ISK per year, pre-tax.)
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