Hardware Design Engineer salary in Iceland

Average Yearly Salary of Hardware Design Engineer in Iceland is approximately 17,440,218 ISK (122,730 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 Hardware Design Engineer do?

A hardware design engineer is responsible for designing and developing hardware components and systems for various electronic devices. They work on the entire product lifecycle, from concept development to testing and production. This occupation involves understanding the requirements of the product, creating design specifications, and selecting appropriate components. Hardware design engineers use computer-aided design (CAD) tools to create schematics and circuit layouts, ensuring functionality, reliability, and cost-effectiveness. They also collaborate with cross-functional teams, including software engineers and product managers, to ensure seamless integration of hardware and software components.

Skills: hardware design engineer, electronic devices, product lifecycle, design specifications, computer-aided design, schematics, circuit layouts
Job industry: Technology

How much does Hardware Design Engineer make?

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


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Salary comparison to National average

Is Hardware Design Engineer a well paid job?

Yes, our data shows that Hardware Design 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 Hardware Design Engineer?

High salary for Hardware Design Engineer would be somewhere between 19,184,240 ISK and 25,288,316 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Hardware Design 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: 17,440,218 ISK
Estimated Monthly Salary: 1,453,352 ISK
Estimated Weekly Salary: 335,389 ISK per week
Estimated Hourly Salary: 8,385 ISK per hour
By working as Hardware Design Engineer a person can save up to 7,499 USD per month or 89,984 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 Hardware Design 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.

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Data as of 2025

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