Garnishment Specialist salary in Iceland

Average Yearly Salary of Garnishment Specialist in Iceland is approximately 8,899,705 ISK (62,175 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 Garnishment Specialist do?

A garnishment specialist is responsible for managing the process of garnishing wages or assets from individuals who owe debts. They work in various industries, such as finance, collections agencies, or legal firms, and handle all aspects of garnishment, including researching debtors' financial information, calculating the amount to be garnished, and ensuring compliance with legal requirements. Their main duties include communicating with debtors, employers, and other relevant parties to initiate and track garnishment orders, reviewing and verifying documentation, processing payments, and resolving any issues or disputes that may arise. They must have a strong understanding of applicable laws and regulations related to garnishment, as well as excellent communication and negotiation skills.

Skills: Garnishment specialist, Debt collection, Wage garnishment, Financial compliance, Legal requirements, Debt resolution
Job industry: Finance

How much does Garnishment Specialist make?

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


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Salary comparison to National average

Is Garnishment Specialist a well paid job?

Yes, our data show that Garnishment Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Garnishment Specialist?

High salary for Garnishment Specialist would be somewhere between 9,789,676 ISK and 12,904,572 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Garnishment Specialist 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: 8,899,705 ISK
Estimated Monthly Salary: 741,642 ISK
Estimated Weekly Salary: 171,148 ISK per week
Estimated Hourly Salary: 4,279 ISK per hour
By working as Garnishment Specialist a person can save up to 2,452 USD per month or 29,429 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 Garnishment Specialist

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.

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Data as of 2025

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