Data Mining Specialist salary in Iceland

Average Yearly Salary of Data Mining Specialist in Iceland is approximately 12,556,911 ISK (87,828 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 Data Mining Specialist do?

A data mining specialist is an expert in analyzing large volumes of complex data to identify patterns, trends, and insights that can be used to solve business problems and make informed decisions. They use various techniques such as statistical analysis, machine learning, and data visualization to extract valuable information from structured and unstructured data sources. Data mining specialists work closely with stakeholders to understand their requirements, develop data mining models, and present findings in a clear and actionable manner.

Skills: Data mining, Data analysis, Machine learning, Statistical analysis, Data visualization, Business intelligence
Job industry: Technology

How much does Data Mining Specialist make?

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


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Salary comparison to National average

Is Data Mining Specialist a well paid job?

Yes, our data shows that Data Mining Specialist 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 Data Mining Specialist?

High salary for Data Mining Specialist would be somewhere between 13,812,602 ISK and 18,207,521 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Data Mining Specialist 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: 12,556,911 ISK
Estimated Monthly Salary: 1,046,409 ISK
Estimated Weekly Salary: 241,479 ISK per week
Estimated Hourly Salary: 6,037 ISK per hour
By working as Data Mining Specialist a person can save up to 4,590 USD per month or 55,082 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 Data Mining Specialist

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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