Data Scientist It salary in Iceland

Average Yearly Salary of Data Scientist It in Iceland is approximately 16,897,008 ISK (118,343 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 Scientist It do?

A data scientist is a professional who combines statistical and mathematical expertise with programming skills to analyze and interpret complex data sets. They are responsible for collecting, cleaning, and organizing large amounts of data from various sources. Data scientists use advanced analytics techniques and machine learning algorithms to extract meaningful insights and patterns from the data. They develop models and algorithms to predict future trends and make data-driven decisions. The job requires strong analytical and problem-solving skills, as well as the ability to communicate findings to both technical and non-technical stakeholders. Data scientists often work with programming languages like Python or R, and utilize tools such as SQL, Hadoop, and Tableau. They collaborate with cross-functional teams to identify business challenges and develop strategies to address them. Data scientists play a crucial role in helping organizations make informed decisions, optimize processes, and gain a competitive advantage.

Skills: Data Science, Analytics, Machine Learning, Statistical Analysis, Programming, Data Visualization
Job industry: Technology

How much does Data Scientist It make?

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


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Salary comparison to National average

Is Data Scientist It a well paid job?

Yes, our data shows that Data Scientist It 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 Scientist It?

High salary for Data Scientist It would be somewhere between 18,586,709 ISK and 24,500,662 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Data Scientist It 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: 16,897,008 ISK
Estimated Monthly Salary: 1,408,084 ISK
Estimated Weekly Salary: 324,942 ISK per week
Estimated Hourly Salary: 8,124 ISK per hour
By working as Data Scientist It a person can save up to 7,133 USD per month or 85,597 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 Scientist It

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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