Home > Salary > Iceland > Buyer
A buyer is responsible for procuring goods and services for a company or organization. They research and evaluate potential suppliers, negotiate contracts, and ensure timely delivery of products. Buyers analyze market trends, pricing, and quality to make informed purchasing decisions that align with the company's goals and budget. They maintain relationships with suppliers, monitor inventory levels, and collaborate with other departments to understand their needs and requirements. Additionally, buyers may participate in supplier evaluation and selection processes, attend trade shows and industry events, and stay updated on industry developments.
Estimated Yearly Salary: 11,130,875 ISK
Estimated Monthly Salary: 927,573 ISK
Estimated Weekly Salary: 214,055 ISK per week
Estimated Hourly Salary: 5,351 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 894,977 ISK
Estimated Weekly Salary: 206,533 ISK per week
Estimated Hourly Salary: 5,163 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 77,521 USD
Estimated Monthly Salary: 6,460 USD
Estimated Weekly Salary: 1,491 USD per week
Estimated Hourly Salary: 37 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: 11,130,875 ISK
Estimated Monthly Salary: 927,573 ISK
Estimated Weekly Salary: 214,055 ISK per week
Estimated Hourly Salary: 5,351 ISK per hour
By working as Buyer a person can save up to 3,731 USD per month or 44,775 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 Buyer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Medical science liaison (26,370,916 ISK per year, pre-tax.)
Water purification systems service technician (7,018,011 ISK per year, pre-tax.)
Registered pharmacist (rph) (22,513,510 ISK per year, pre-tax.)
Estimator (11,760,568 ISK per year, pre-tax.)
Sales representative industrial product (8,770,839 ISK per year, pre-tax.)
Buyer salary in Iceland
Average Yearly Salary of Buyer in Iceland is approximately 11,130,875 ISK (77,521 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 Buyer do?
A buyer is responsible for procuring goods and services for a company or organization. They research and evaluate potential suppliers, negotiate contracts, and ensure timely delivery of products. Buyers analyze market trends, pricing, and quality to make informed purchasing decisions that align with the company's goals and budget. They maintain relationships with suppliers, monitor inventory levels, and collaborate with other departments to understand their needs and requirements. Additionally, buyers may participate in supplier evaluation and selection processes, attend trade shows and industry events, and stay updated on industry developments.
Skills: procurement, purchasing, negotiation, supply chain management, vendor management, market analysis
Job industry: Retail
Job industry: Retail
How much does Buyer make?
Salary details
How much does Buyer make?Estimated Yearly Salary: 11,130,875 ISK
Estimated Monthly Salary: 927,573 ISK
Estimated Weekly Salary: 214,055 ISK per week
Estimated Hourly Salary: 5,351 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,739,729 ISKEstimated Monthly Salary: 894,977 ISK
Estimated Weekly Salary: 206,533 ISK per week
Estimated Hourly Salary: 5,163 ISK per hour
Last revision of data: 2024-01-03Buyer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 77,521 USD
Estimated Monthly Salary: 6,460 USD
Estimated Weekly Salary: 1,491 USD per week
Estimated Hourly Salary: 37 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 Buyer job salary compared to average salary in Iceland.
Comparison shows that a person working as Buyer in Iceland earns on average:
1.24 times the average salary (or 124% 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 Buyer job salary compared to average salary in Iceland.
Comparison shows that a person working as Buyer in Iceland earns on average:
1.24 times the average salary (or 124% of average salary).
Is Buyer a well paid job?
Yes, our data shows that Buyer 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 Buyer?
High salary for Buyer would be somewhere between 12,243,963 ISK and 16,139,769 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Buyer 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: 11,130,875 ISK
Estimated Monthly Salary: 927,573 ISK
Estimated Weekly Salary: 214,055 ISK per week
Estimated Hourly Salary: 5,351 ISK per hour
By working as Buyer a person can save up to 3,731 USD per month or 44,775 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 Buyer
Norway is 109,109 USD
United Kingdom is 51,209 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:
Medical science liaison (26,370,916 ISK per year, pre-tax.)
Water purification systems service technician (7,018,011 ISK per year, pre-tax.)
Registered pharmacist (rph) (22,513,510 ISK per year, pre-tax.)
Estimator (11,760,568 ISK per year, pre-tax.)
Sales representative industrial product (8,770,839 ISK per year, pre-tax.)
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Please note:The salary estimates on this website are meant for reference purposes exclusively.
This website displays salary data solely for reference use. While we strive for accuracy, we do not ensure the validity of all figures. Users should double-check salary details with official sources before making career-related plans. Salary amounts may vary based on multiple elements, such as geographic location, experience, and job role. We accept no liability for misinterpretations in the pay estimates provided. By using this website, you acknowledge that salary data is subject to change.
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