Commercial Engineer salary in Iceland

Average Yearly Salary of Commercial Engineer in Iceland is approximately 13,698,145 ISK (95,615 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 Commercial Engineer do?

A commercial engineer is responsible for managing and optimizing the commercial aspects of a business. They analyze market trends and customer needs to develop strategies that maximize sales and profit. Commercial engineers work closely with sales teams to set sales targets, develop pricing strategies, and identify new business opportunities. They also collaborate with marketing teams to create effective promotional campaigns and product launches. Additionally, they monitor and evaluate competitors' activities to stay ahead in the market. Commercial engineers need to have strong analytical and problem-solving skills, as well as excellent communication and negotiation abilities. They should be able to analyze complex data and make sound business decisions. This occupation requires a deep understanding of market dynamics, customer behavior, and financial management.

Skills: commercial engineer, market analysis, sales management, pricing strategy, business development, marketing collaboration
Job industry: Engineering

How much does Commercial Engineer make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Commercial Engineer a well paid job?

Yes, our data shows that Commercial 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 Commercial Engineer?

High salary for Commercial Engineer would be somewhere between 15,067,960 ISK and 19,862,310 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commercial 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: 13,698,145 ISK
Estimated Monthly Salary: 1,141,512 ISK
Estimated Weekly Salary: 263,426 ISK per week
Estimated Hourly Salary: 6,586 ISK per hour
By working as Commercial Engineer a person can save up to 5,239 USD per month or 62,869 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 Commercial 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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