Home > Salary > Iceland > Cost Accounting Clerk
A cost accounting clerk is responsible for assisting in the preparation and maintenance of cost accounting records and reports within an organization. They collect and analyze data related to costs, inventory, and production, ensuring accuracy and compliance with established accounting principles. The occupation involves various tasks such as reconciling financial statements, monitoring inventory levels, calculating manufacturing costs, and preparing cost estimates for new products or projects. Cost accounting clerks also assist in budgeting and forecasting activities, providing valuable insights to management for decision-making purposes.
Estimated Yearly Salary: 7,273,645 ISK
Estimated Monthly Salary: 606,137 ISK
Estimated Weekly Salary: 139,878 ISK per week
Estimated Hourly Salary: 3,497 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 50,697 USD
Estimated Monthly Salary: 4,225 USD
Estimated Weekly Salary: 975 USD per week
Estimated Hourly Salary: 24 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: 7,273,645 ISK
Estimated Monthly Salary: 606,137 ISK
Estimated Weekly Salary: 139,878 ISK per week
Estimated Hourly Salary: 3,497 ISK per hour
By working as Cost Accounting Clerk a person can save up to 1,496 USD per month or 17,951 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 Cost Accounting Clerk
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Financial services management intern (4,349,415 ISK per year, pre-tax.)
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Gift shop manager (5,596,280 ISK per year, pre-tax.)
Assistant professor of computer science (9,647,747 ISK per year, pre-tax.)
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Cost Accounting Clerk salary in Iceland
Average Yearly Salary of Cost Accounting Clerk in Iceland is approximately 7,273,645 ISK (50,697 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 Cost Accounting Clerk do?
A cost accounting clerk is responsible for assisting in the preparation and maintenance of cost accounting records and reports within an organization. They collect and analyze data related to costs, inventory, and production, ensuring accuracy and compliance with established accounting principles. The occupation involves various tasks such as reconciling financial statements, monitoring inventory levels, calculating manufacturing costs, and preparing cost estimates for new products or projects. Cost accounting clerks also assist in budgeting and forecasting activities, providing valuable insights to management for decision-making purposes.
Skills: Cost accounting, Financial analysis, Inventory management, Data analysis, Cost estimation, Budgeting
Job industry: Accounting
Job industry: Accounting
How much does Cost Accounting Clerk make?
Salary details
How much does Cost Accounting Clerk make?Estimated Yearly Salary: 7,273,645 ISK
Estimated Monthly Salary: 606,137 ISK
Estimated Weekly Salary: 139,878 ISK per week
Estimated Hourly Salary: 3,497 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,018,011 ISKEstimated Monthly Salary: 584,834 ISK
Estimated Weekly Salary: 134,962 ISK per week
Estimated Hourly Salary: 3,374 ISK per hour
Last revision of data: 2024-01-06Cost Accounting Clerk estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,697 USD
Estimated Monthly Salary: 4,225 USD
Estimated Weekly Salary: 975 USD per week
Estimated Hourly Salary: 24 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 Cost Accounting Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Cost Accounting Clerk in Iceland earns on average:
0.81 times the average salary (or 81% 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 Cost Accounting Clerk job salary compared to average salary in Iceland.
Comparison shows that a person working as Cost Accounting Clerk in Iceland earns on average:
0.81 times the average salary (or 81% of average salary).
Is Cost Accounting Clerk a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Cost Accounting Clerk?
High salary for Cost Accounting Clerk would be somewhere between 8,001,010 ISK and 10,546,785 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Cost Accounting Clerk 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: 7,273,645 ISK
Estimated Monthly Salary: 606,137 ISK
Estimated Weekly Salary: 139,878 ISK per week
Estimated Hourly Salary: 3,497 ISK per hour
By working as Cost Accounting Clerk a person can save up to 1,496 USD per month or 17,951 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 Cost Accounting Clerk
Norway is 71,230 USD
United Kingdom is 33,354 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:
Financial services management intern (4,349,415 ISK per year, pre-tax.)
Trust administrative assistant (5,456,562 ISK per year, pre-tax.)
Gift shop manager (5,596,280 ISK per year, pre-tax.)
Assistant professor of computer science (9,647,747 ISK per year, pre-tax.)
Automobile body refinisher (5,906,830 ISK per year, pre-tax.)
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