Cost Estimating Supervisor salary in Iceland

Average Yearly Salary of Cost Estimating Supervisor in Iceland is approximately 14,016,324 ISK (97,498 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 Supervisor do?

A cost estimating supervisor is responsible for overseeing and managing the process of estimating costs for construction projects or manufacturing processes. They work closely with project managers, engineers, and other stakeholders to develop accurate and detailed cost estimates for materials, labor, equipment, and other project expenses. The occupation requires strong analytical and mathematical skills, as well as a deep understanding of industry standards and regulations. Cost estimating supervisors also need excellent communication and leadership abilities to effectively coordinate with team members and present cost estimates to clients or upper management. They may also be involved in reviewing and analyzing bids from subcontractors or suppliers, negotiating contracts, and tracking project costs throughout the duration of a project.

Skills: cost estimating, supervisor, construction, manufacturing, project management, analytical skills
Job industry: Construction

How much does Cost Estimating Supervisor make?

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


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Salary comparison to National average

Is Cost Estimating Supervisor a well paid job?

Yes, our data shows that Cost Estimating Supervisor 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 Cost Estimating Supervisor?

High salary for Cost Estimating Supervisor would be somewhere between 15,417,956 ISK and 20,323,670 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cost Estimating Supervisor 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: 14,016,324 ISK
Estimated Monthly Salary: 1,168,027 ISK
Estimated Weekly Salary: 269,545 ISK per week
Estimated Hourly Salary: 6,739 ISK per hour
By working as Cost Estimating Supervisor a person can save up to 5,396 USD per month or 64,752 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 Supervisor

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.

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Data as of 2025

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