Estimating Engineer salary in Iceland

Average Yearly Salary of Estimating Engineer in Iceland is approximately 12,114,629 ISK (84,984 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 Estimating Engineer do?

An estimating engineer is responsible for analyzing construction projects and providing accurate cost estimates. They work closely with architects, contractors, and project managers to assess the scope of work, materials required, and labor costs involved in a construction project. This involves reviewing blueprints, specifications, and other project documents to determine the quantities and costs of materials needed. Estimating engineers also consider factors such as equipment rental, subcontractor costs, and project timeline when preparing estimates. They use specialized software and tools to perform calculations and create detailed cost breakdowns. Effective communication skills are crucial as they often collaborate with various stakeholders to ensure estimates align with project requirements and budget constraints. Accuracy, attention to detail, and a strong understanding of construction methods and materials are essential in this role.

Skills: estimating engineer, construction estimating, cost analysis, project estimation, construction industry, quantity surveying
Job industry: Construction

How much does Estimating Engineer make?

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


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Salary comparison to National average

Is Estimating Engineer a well paid job?

Yes, our data shows that Estimating 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 Estimating Engineer?

High salary for Estimating Engineer would be somewhere between 13,326,092 ISK and 17,566,212 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Estimating 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: 12,114,629 ISK
Estimated Monthly Salary: 1,009,552 ISK
Estimated Weekly Salary: 232,974 ISK per week
Estimated Hourly Salary: 5,824 ISK per hour
By working as Estimating Engineer a person can save up to 4,353 USD per month or 52,238 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 Estimating 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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