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Foundry Molder salary in Iceland

Average Yearly Salary of Foundry Molder in Iceland is approximately 6,382,302 ISK (44,504 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 Foundry Molder do?

occupation personasA foundry molder is responsible for creating molds used in the casting process of metal objects. They work in foundries and use various techniques to shape and form sand molds, which are then used to pour molten metal into. Foundry molders may use patterns or templates to create the mold cavity, and they must ensure that the mold is properly vented and prepared for the pouring of metal. They may also be involved in the removal of the finished casting from the mold and the cleaning and finishing of the casting.

Skills: Foundry molder, Mold making, Metal casting, Sand molding, Pattern making, Casting process
Job industry: Manufacturing


How much does Foundry Molder make?

Salary details
How much does Foundry Molder make?
Estimated Yearly Salary: 6,382,302 ISK
Estimated Monthly Salary: 531,859 ISK
Estimated Weekly Salary: 122,737 ISK per week
Estimated Hourly Salary: 3,068 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 6,167,447 ISK
Estimated Monthly Salary: 513,954 ISK
Estimated Weekly Salary: 118,605 ISK per week
Estimated Hourly Salary: 2,965 ISK per hour
Last revision of data: 2024-01-02



Foundry Molder estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 44,504 USD
Estimated Monthly Salary: 3,709 USD
Estimated Weekly Salary: 856 USD per week
Estimated Hourly Salary: 21 USD per hour


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

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.

Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Foundry Molder job salary compared to average salary in Iceland.
Comparison shows that a person working as Foundry Molder in Iceland earns on average:
0.71 times the average salary (or 71% of average salary).

Is Foundry Molder a well paid job?

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

What is considered a high salary for Foundry Molder?

High salary for Foundry Molder would be somewhere between 7,020,532 ISK and 9,254,338 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Foundry Molder 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: 6,382,302 ISK
Estimated Monthly Salary: 531,859 ISK
Estimated Weekly Salary: 122,737 ISK per week
Estimated Hourly Salary: 3,068 ISK per hour
By working as Foundry Molder a person can save up to 980 USD per month or 11,758 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 Foundry Molder

Norway is 62,415 USDup arrow 40%
Details on Foundry Molder salary in Norway
United Kingdom is 29,450 USDdown arrow 34%
Details on Foundry Molder salary in United Kingdom
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(101,519,791 ISK per year, pre-tax.)
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)

Data as of 2025

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foundry molder salary in iceland 2025
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