Engineering Team Leader salary in Iceland

Average Yearly Salary of Engineering Team Leader in Iceland is approximately 19,686,741 ISK (138,185 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 Engineering Team Leader do?

An engineering team leader is responsible for overseeing and managing a team of engineers in order to ensure the successful completion of projects. They play a crucial role in coordinating and delegating tasks, providing technical guidance, and monitoring progress to meet deadlines and quality standards. This position requires strong leadership skills, as the team leader must motivate and inspire their team members, resolve conflicts, and promote a collaborative work environment. Additionally, they are responsible for ensuring that all engineering processes and procedures are followed, and that the team adheres to safety regulations. The engineering team leader also acts as a liaison between the team and upper management, providing regular updates on project status, resource allocation, and budget management.

Skills: Engineering, Team Leader, Project Management, Technical Guidance, Leadership Skills, Collaboration
Job industry: Engineering

How much does Engineering Team Leader make?

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


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Salary comparison to National average

Is Engineering Team Leader a well paid job?

Yes, our data show that Engineering Team Leader is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Engineering Team Leader?

High salary for Engineering Team Leader would be somewhere between 21,655,415 ISK and 28,545,774 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Engineering Team Leader 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: 19,686,741 ISK
Estimated Monthly Salary: 1,640,562 ISK
Estimated Weekly Salary: 378,591 ISK per week
Estimated Hourly Salary: 9,465 ISK per hour
By working as Engineering Team Leader a person can save up to 8,787 USD per month or 105,439 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 Engineering Team Leader

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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