Gift Shop Manager salary in Iceland

Average Yearly Salary of Gift Shop Manager in Iceland is approximately 5,596,280 ISK (39,308 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 Gift Shop Manager do?

A gift shop manager is responsible for overseeing the daily operations of a gift shop, ensuring smooth functioning and profitability. They are in charge of managing inventory, ordering supplies, and maintaining stock levels. The gift shop manager also supervises staff, schedules shifts, and trains employees on customer service and sales techniques. They are responsible for creating visually appealing displays to attract customers and increase sales. Additionally, they handle customer inquiries, resolve complaints, and provide exceptional customer service. Gift shop managers also analyze sales data, prepare financial reports, and develop strategies to maximize revenue. They stay updated with market trends, identify new product opportunities, and negotiate with suppliers. Overall, a gift shop manager is a multitasking role that requires strong organizational, leadership, and customer service skills.

Skills: gift shop manager, retail management, inventory management, customer service, visual merchandising, sales analysis
Job industry: Retail

How much does Gift Shop Manager make?

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


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Salary comparison to National average

Is Gift Shop Manager a well paid job?

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

What is considered a high salary for Gift Shop Manager?

High salary for Gift Shop Manager would be somewhere between 6,155,908 ISK and 8,114,606 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Gift Shop Manager 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: 5,596,280 ISK
Estimated Monthly Salary: 466,357 ISK
Estimated Weekly Salary: 107,621 ISK per week
Estimated Hourly Salary: 2,691 ISK per hour
By working as Gift Shop Manager a person can save up to 547 USD per month or 6,562 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 Gift Shop Manager

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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