Entrepreneur salary in Iceland

Average Yearly Salary of Entrepreneur in Iceland is approximately 13,837,767 ISK (97,342 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 Entrepreneur do?

An entrepreneur is an individual who takes on the role of starting and managing their own business venture. They are responsible for identifying opportunities, creating innovative ideas, developing a business plan, securing funding, and overseeing all aspects of the business operations. Entrepreneurs possess strong leadership skills and are willing to take risks in order to achieve success. They must be adaptable and able to navigate through challenges and setbacks. This occupation requires excellent communication and networking skills, as entrepreneurs often need to build relationships with investors, suppliers, and customers. They must also have a strong understanding of market trends and consumer behavior in order to stay competitive. Overall, being an entrepreneur requires a combination of creativity, determination, and business acumen.

Skills: Entrepreneurship, Business Management, Innovation, Risk-taking, Leadership, Networking
Job industry: Business

How much does Entrepreneur make?

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


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Salary comparison to National average

Is Entrepreneur a well paid job?

Yes, our data shows that Entrepreneur 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 Entrepreneur?

High salary for Entrepreneur would be somewhere between 15,221,544 ISK and 20,064,762 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Entrepreneur 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: 13,837,767 ISK
Estimated Monthly Salary: 1,153,147 ISK
Estimated Weekly Salary: 266,111 ISK per week
Estimated Hourly Salary: 6,653 ISK per hour
By working as Entrepreneur a person can save up to 5,383 USD per month or 64,596 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 Entrepreneur

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:
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