Construction Contractor salary in Iceland

Average Yearly Salary of Construction Contractor in Iceland is approximately 9,999,138 ISK (70,213 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 Construction Contractor do?

A construction contractor is responsible for overseeing and managing various construction projects. They work with architects, engineers, and clients to ensure that the project is completed on time, within budget, and meets all required specifications. The contractor is involved in every stage of the construction process, from planning and budgeting to hiring subcontractors and coordinating the work. They are responsible for obtaining permits, ensuring compliance with building codes and regulations, and managing the overall progress of the project. Additionally, they handle any issues or challenges that may arise during construction, such as weather delays or design changes. Strong leadership, communication, and problem-solving skills are essential for this occupation.

Skills: Construction, Contractor, Project Management, Building, Construction Industry, Construction Manager
Job industry: Construction

How much does Construction Contractor make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Construction Contractor a well paid job?

Yes, our data show that Construction Contractor is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Construction Contractor?

High salary for Construction Contractor would be somewhere between 10,999,052 ISK and 14,498,750 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Construction Contractor 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: 9,999,138 ISK
Estimated Monthly Salary: 833,262 ISK
Estimated Weekly Salary: 192,291 ISK per week
Estimated Hourly Salary: 4,807 ISK per hour
By working as Construction Contractor a person can save up to 3,122 USD per month or 37,467 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 Construction Contractor

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

Random salary:
Assistant manager customer service (5,422,989 ISK per year, pre-tax.)
Sap solution architect (25,610,583 ISK per year, pre-tax.)
Assistant sales director (10,586,618 ISK per year, pre-tax.)
Certified dietetics manager (cdm) (7,018,011 ISK per year, pre-tax.)
Real estate development director (22,968,231 ISK per year, pre-tax.)

Feedback about these results