Home > Salary > Iceland > Budget And Policy Analyst
A budget and policy analyst is responsible for analyzing, evaluating, and developing budgets and policies for organizations. They gather and analyze financial data, assess the impact of proposed policies, and make recommendations to improve efficiency and effectiveness. Budget analysts work closely with stakeholders to understand their needs and goals, and ensure that budgetary allocations align with organizational priorities. They also monitor and track expenditures, identify cost-saving opportunities, and provide regular reports to management.
Estimated Yearly Salary: 13,564,774 ISK
Estimated Monthly Salary: 1,130,398 ISK
Estimated Weekly Salary: 260,861 ISK per week
Estimated Hourly Salary: 6,522 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,089,934 ISK
Estimated Weekly Salary: 251,523 ISK per week
Estimated Hourly Salary: 6,288 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 94,942 USD
Estimated Monthly Salary: 7,912 USD
Estimated Weekly Salary: 1,826 USD per week
Estimated Hourly Salary: 46 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: 13,564,774 ISK
Estimated Monthly Salary: 1,130,398 ISK
Estimated Weekly Salary: 260,861 ISK per week
Estimated Hourly Salary: 6,522 ISK per hour
By working as Budget And Policy Analyst a person can save up to 5,183 USD per month or 62,196 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 And Policy Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Budget And Policy Analyst salary in Iceland
Average Yearly Salary of Budget And Policy Analyst in Iceland is approximately 13,564,774 ISK (94,942 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 And Policy Analyst do?
A budget and policy analyst is responsible for analyzing, evaluating, and developing budgets and policies for organizations. They gather and analyze financial data, assess the impact of proposed policies, and make recommendations to improve efficiency and effectiveness. Budget analysts work closely with stakeholders to understand their needs and goals, and ensure that budgetary allocations align with organizational priorities. They also monitor and track expenditures, identify cost-saving opportunities, and provide regular reports to management.
Skills: Budget analysis, Policy analysis, Financial planning, Data analysis, Stakeholder engagement, Cost-saving opportunities
Job industry: Government
Job industry: Government
How much does Budget And Policy Analyst make?
Salary details
How much does Budget And Policy Analyst make?Estimated Yearly Salary: 13,564,774 ISK
Estimated Monthly Salary: 1,130,398 ISK
Estimated Weekly Salary: 260,861 ISK per week
Estimated Hourly Salary: 6,522 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 13,079,209 ISKEstimated Monthly Salary: 1,089,934 ISK
Estimated Weekly Salary: 251,523 ISK per week
Estimated Hourly Salary: 6,288 ISK per hour
Last revision of data: 2024-01-06Budget And Policy Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 94,942 USD
Estimated Monthly Salary: 7,912 USD
Estimated Weekly Salary: 1,826 USD per week
Estimated Hourly Salary: 46 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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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 And Policy Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget And Policy Analyst in Iceland earns on average:
1.52 times the average salary (or 152% 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 And Policy Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Budget And Policy Analyst in Iceland earns on average:
1.52 times the average salary (or 152% of average salary).
Is Budget And Policy Analyst a well paid job?
Yes, our data shows that Budget And Policy 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 And Policy Analyst?
High salary for Budget And Policy Analyst would be somewhere between 14,921,251 ISK and 19,668,922 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Budget And Policy 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: 13,564,774 ISK
Estimated Monthly Salary: 1,130,398 ISK
Estimated Weekly Salary: 260,861 ISK per week
Estimated Hourly Salary: 6,522 ISK per hour
By working as Budget And Policy Analyst a person can save up to 5,183 USD per month or 62,196 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 And Policy Analyst
Norway is 132,764 USD
United Kingdom is 62,098 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:
Supermarket department manager bakery delicatessen (deli) (5,848,414 ISK per year, pre-tax.)
Bank business analyst (9,410,576 ISK per year, pre-tax.)
Is analyst (8,382,486 ISK per year, pre-tax.)
Accounts receivable processor (6,167,447 ISK per year, pre-tax.)
Sap security administrator (13,603,616 ISK per year, pre-tax.)
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