Electrical Engineer salary in Iceland

Average Yearly Salary of Electrical Engineer in Iceland is approximately 15,146,616 ISK (106,156 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 Electrical Engineer do?

An electrical engineer is a professional who designs, develops, and tests electrical equipment, systems, and components. They work on a wide range of projects, from designing power generation and distribution systems to developing electronic devices and circuits. Electrical engineers may specialize in areas such as telecommunications, power systems, control systems, or electronics. Their job involves researching and analyzing data, creating technical drawings and specifications, and overseeing the manufacturing and installation of electrical equipment. They also troubleshoot and repair electrical systems, ensuring they meet safety and quality standards. Additionally, electrical engineers stay updated with advancements in technology and industry standards to improve existing systems and develop innovative solutions. Key skills for an electrical engineer include problem-solving, critical thinking, attention to detail, and strong analytical abilities. They should also possess knowledge of electrical codes and regulations, computer-aided design (CAD) software, and have excellent communication skills.

Skills: Electrical Engineer, Power Systems, Electronics, Control Systems, Telecommunications, CAD
Job industry: Engineering

How much does Electrical Engineer make?

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


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Salary comparison to National average

Is Electrical Engineer a well paid job?

Yes, our data shows that Electrical Engineer 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 Electrical Engineer?

High salary for Electrical Engineer would be somewhere between 16,661,278 ISK and 21,962,593 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Electrical Engineer 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: 15,146,616 ISK
Estimated Monthly Salary: 1,262,218 ISK
Estimated Weekly Salary: 291,281 ISK per week
Estimated Hourly Salary: 7,282 ISK per hour
By working as Electrical Engineer a person can save up to 6,118 USD per month or 73,410 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 Electrical Engineer

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

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