Chief Engineer salary in Iceland

Average Yearly Salary of Chief Engineer in Iceland is approximately 16,679,702 ISK (116,733 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 Chief Engineer do?

The occupation of a Chief Engineer involves overseeing and managing engineering operations within an organization. They are responsible for planning, coordinating, and executing engineering projects to ensure they are completed efficiently and effectively. Chief Engineers typically lead a team of engineers and technicians, providing guidance and support to achieve project goals. They collaborate with other departments to identify and address engineering needs, develop strategies for improvement, and ensure compliance with safety regulations and industry standards. Additionally, they may be involved in budgeting, resource allocation, and procurement of equipment and materials.

Skills: Engineering management, Project coordination, Technical leadership, Team management, Strategic planning, Compliance and safety.
Job industry: Engineering

How much does Chief Engineer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Chief Engineer a well paid job?

Yes, our data shows that Chief Engineer 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 Chief Engineer?

High salary for Chief Engineer would be somewhere between 18,347,672 ISK and 24,185,568 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief Engineer 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: 16,679,702 ISK
Estimated Monthly Salary: 1,389,975 ISK
Estimated Weekly Salary: 320,764 ISK per week
Estimated Hourly Salary: 8,019 ISK per hour
By working as Chief Engineer a person can save up to 6,999 USD per month or 83,987 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 Chief Engineer

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.

Top 10 highest salaries in Iceland

Data as of 2025

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