Freelance Medical Transcriptionist salary in Iceland

Average Yearly Salary of Freelance Medical Transcriptionist in Iceland is approximately 6,066,516 ISK (42,398 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 Freelance Medical Transcriptionist do?

A freelance medical transcriptionist is a professional who converts voice recordings of medical professionals into written documents. They listen to audio files that contain dictations from doctors, nurses, and other healthcare providers, and accurately transcribe them into medical reports, letters, and other documentation. This includes patient histories, physical examination findings, diagnoses, treatments, and other medical information. Freelance medical transcriptionists often work remotely, providing their services to various healthcare facilities, private practices, hospitals, and transcription companies. They must have excellent listening skills, a strong understanding of medical terminology, and proficiency in grammar and punctuation. Attention to detail is crucial, as any errors or omissions could have serious consequences for patient care.

Skills: freelance, medical transcriptionist, healthcare documentation, remote work, medical terminology, attention to detail.
Job industry: Healthcare

How much does Freelance Medical Transcriptionist make?

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


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Salary comparison to National average

Is Freelance Medical Transcriptionist a well paid job?

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

What is considered a high salary for Freelance Medical Transcriptionist?

High salary for Freelance Medical Transcriptionist would be somewhere between 6,673,168 ISK and 8,796,448 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Freelance Medical Transcriptionist 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: 6,066,516 ISK
Estimated Monthly Salary: 505,543 ISK
Estimated Weekly Salary: 116,664 ISK per week
Estimated Hourly Salary: 2,917 ISK per hour
By working as Freelance Medical Transcriptionist a person can save up to 804 USD per month or 9,652 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 Freelance Medical Transcriptionist

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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