Economic Development Coordinator salary in Iceland

Average Yearly Salary of Economic Development Coordinator in Iceland is approximately 8,048,724 ISK (56,070 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 Economic Development Coordinator do?

An Economic Development Coordinator is responsible for promoting and facilitating economic growth within a specific region or community. They work closely with local businesses, government agencies, and community organizations to identify and implement strategies that attract new businesses, retain existing ones, and create job opportunities. The coordinator conducts research and analysis to identify economic trends, assess market potential, and develop strategic plans for economic development. They may also collaborate with stakeholders to secure funding, grants, and incentives for business expansion or relocation. Additionally, they organize and participate in networking events, conferences, and workshops to promote the region as an attractive investment destination. Strong communication, analytical, and project management skills are crucial for success in this role.

Skills: Economic Development, Business Growth, Job Creation, Market Analysis, Strategic Planning, Stakeholder Engagement
Job industry: Government

How much does Economic Development Coordinator make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Economic Development Coordinator a well paid job?

Yes, our data show that Economic Development Coordinator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Economic Development Coordinator?

High salary for Economic Development Coordinator would be somewhere between 8,853,596 ISK and 11,670,650 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economic Development Coordinator 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: 8,048,724 ISK
Estimated Monthly Salary: 670,727 ISK
Estimated Weekly Salary: 154,783 ISK per week
Estimated Hourly Salary: 3,870 ISK per hour
By working as Economic Development Coordinator a person can save up to 1,944 USD per month or 23,324 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 Economic Development Coordinator

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:
Customer development representative (8,770,839 ISK per year, pre-tax.)
Product manager furniture (4,206,345 ISK per year, pre-tax.)
Laboratory assistant 1 (6,388,067 ISK per year, pre-tax.)
Industrial engineering manager (19,246,513 ISK per year, pre-tax.)
Abstractor (4,902,930 ISK per year, pre-tax.)

Feedback about these results