Escrow Clerk salary in Iceland

Average Yearly Salary of Escrow Clerk in Iceland is approximately 6,051,990 ISK (42,190 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 Escrow Clerk do?

An escrow clerk is responsible for facilitating and managing the escrow process in various financial transactions. They work closely with buyers, sellers, lenders, and other parties involved to ensure a smooth and secure transfer of assets or funds. The duties of an escrow clerk include reviewing and preparing legal documents, verifying the accuracy of financial records, coordinating with all parties to meet contractual obligations, and disbursing funds once all conditions are met. They must have exceptional attention to detail, strong organizational skills, and a thorough understanding of legal and financial procedures. Escrow clerks often work in real estate, mortgage, or banking industries.

Skills: Escrow clerk, Financial transactions, Legal documents, Asset transfer, Disbursement of funds, Real estate
Job industry: Finance

How much does Escrow Clerk make?

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


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Salary comparison to National average

Is Escrow Clerk a well paid job?

No, our data shows that Escrow Clerk is typically not a well-paid job. The salary varies based on experience. Meaning that even though Escrow Clerk might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Escrow Clerk?

High salary for Escrow Clerk would be somewhere between 6,657,189 ISK and 8,775,386 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Escrow Clerk 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: 6,051,990 ISK
Estimated Monthly Salary: 504,333 ISK
Estimated Weekly Salary: 116,384 ISK per week
Estimated Hourly Salary: 2,910 ISK per hour
By working as Escrow Clerk a person can save up to 787 USD per month or 9,444 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 Escrow Clerk

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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