Elementary School Principal salary in Iceland

Average Yearly Salary of Elementary School Principal in Iceland is approximately 16,655,127 ISK (115,895 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 Elementary School Principal do?

An elementary school principal is a vital educational leader responsible for overseeing the daily operations and academic performance of an elementary school. They provide guidance and support to the teaching staff, ensuring that the curriculum is effectively implemented and aligned with educational standards. Principals also collaborate with parents, students, and community members to foster a positive learning environment and address any concerns or issues that may arise. As instructional leaders, they observe and evaluate teachers, provide professional development opportunities, and promote innovative teaching methods. Additionally, they manage the school budget, allocate resources, and maintain a safe and inclusive school environment. Effective communication and organizational skills are essential for principals to effectively coordinate activities, enforce policies, and engage stakeholders in decision-making processes.

Skills: Elementary School Principal, Educational Leadership, Curriculum Management, Instructional Supervision, Community Engagement, School Administration
Job industry: Education

How much does Elementary School Principal make?

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


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Salary comparison to National average

Is Elementary School Principal a well paid job?

Yes, our data shows that Elementary School Principal 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 Elementary School Principal?

High salary for Elementary School Principal would be somewhere between 18,320,640 ISK and 24,149,934 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Elementary School Principal 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: 16,655,127 ISK
Estimated Monthly Salary: 1,387,927 ISK
Estimated Weekly Salary: 320,291 ISK per week
Estimated Hourly Salary: 8,007 ISK per hour
By working as Elementary School Principal a person can save up to 6,929 USD per month or 83,149 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 Elementary School Principal

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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