Cost Estimating Manager salary in Iceland

Average Yearly Salary of Cost Estimating Manager in Iceland is approximately 18,577,050 ISK (129,945 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 Estimating Manager do?

A cost estimating manager is responsible for overseeing and managing the process of estimating costs for various projects within an organization. They work closely with project managers, engineers, and other stakeholders to develop accurate and comprehensive cost estimates. This involves analyzing project requirements, reviewing blueprints and specifications, identifying potential risks and uncertainties, and conducting market research to determine material and labor costs. The cost estimating manager also collaborates with vendors and subcontractors to obtain competitive bids and negotiate contracts. They ensure that cost estimates are aligned with the organization's budget and financial goals, and provide regular updates and reports to project teams and senior management. Strong analytical skills, attention to detail, and knowledge of industry standards and regulations are essential for success in this role.

Skills: cost estimating, project management, financial analysis, budgeting, procurement, construction.
Job industry: Construction

How much does Cost Estimating Manager 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 Cost Estimating Manager a well paid job?

Yes, our data show that Cost Estimating Manager 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 Cost Estimating Manager?

High salary for Cost Estimating Manager would be somewhere between 20,434,755 ISK and 26,936,723 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cost Estimating Manager 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: 18,577,050 ISK
Estimated Monthly Salary: 1,548,088 ISK
Estimated Weekly Salary: 357,251 ISK per week
Estimated Hourly Salary: 8,931 ISK per hour
By working as Cost Estimating Manager a person can save up to 8,100 USD per month or 97,199 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 Estimating Manager

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:
Benefits coordinator (5,456,562 ISK per year, pre-tax.)
Edi analyst (8,303,429 ISK per year, pre-tax.)
Tibco bw developer (11,782,984 ISK per year, pre-tax.)
Home health aide (3,937,930 ISK per year, pre-tax.)
Technical recruiter (8,540,716 ISK per year, pre-tax.)

Feedback about these results