Chief Mechanical Engineer salary in Iceland

Average Yearly Salary of Chief Mechanical Engineer in Iceland is approximately 19,901,362 ISK (138,951 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 Mechanical Engineer do?

A Chief Mechanical Engineer is a high-level position in the field of engineering, responsible for overseeing and leading the mechanical engineering department within an organization. They are responsible for the design, development, and implementation of mechanical systems and processes. This role involves managing a team of engineers, ensuring projects are completed on time and within budget, and providing technical expertise and guidance. The Chief Mechanical Engineer must possess strong leadership and communication skills to effectively collaborate with other departments and stakeholders. They are responsible for evaluating and improving existing mechanical systems, as well as researching and implementing new technologies and techniques. This role requires a deep understanding of mechanical engineering principles, as well as knowledge of industry regulations and standards.

Skills: Chief Mechanical Engineer, Mechanical Engineering, Leadership, Project Management, Technical Expertise, Innovation.
Job industry: Engineering

How much does Chief Mechanical 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 Mechanical Engineer a well paid job?

Yes, our data show that Chief Mechanical Engineer is a very 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 Mechanical Engineer?

High salary for Chief Mechanical Engineer would be somewhere between 21,891,498 ISK and 28,856,975 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief Mechanical 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: 19,901,362 ISK
Estimated Monthly Salary: 1,658,447 ISK
Estimated Weekly Salary: 382,719 ISK per week
Estimated Hourly Salary: 9,568 ISK per hour
By working as Chief Mechanical Engineer a person can save up to 8,850 USD per month or 106,205 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 Mechanical 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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