Home > Salary > Iceland > Hardware Engineer
A hardware engineer is a professional responsible for designing, developing, and testing computer hardware components such as circuit boards, processors, memory devices, and networking equipment. They collaborate with software engineers and other team members to ensure seamless integration between hardware and software systems. Hardware engineers work on various projects, including computer systems, mobile devices, embedded systems, and communication equipment.
Their job involves conducting feasibility studies, creating prototypes, and performing tests to evaluate the performance and reliability of hardware components. They also participate in troubleshooting and debugging activities to identify and resolve any issues or malfunctions. Additionally, hardware engineers keep up-to-date with technological advancements, industry trends, and emerging technologies to enhance the design and functionality of hardware systems.
Estimated Yearly Salary: 17,277,204 ISK
Estimated Monthly Salary: 1,439,767 ISK
Estimated Weekly Salary: 332,254 ISK per week
Estimated Hourly Salary: 8,306 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,391,211 ISK
Estimated Weekly Salary: 321,049 ISK per week
Estimated Hourly Salary: 8,026 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 120,963 USD
Estimated Monthly Salary: 10,080 USD
Estimated Weekly Salary: 2,326 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 17,277,204 ISK
Estimated Monthly Salary: 1,439,767 ISK
Estimated Weekly Salary: 332,254 ISK per week
Estimated Hourly Salary: 8,306 ISK per hour
By working as Hardware Engineer a person can save up to 7,351 USD per month or 88,217 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.
Estimated Yearly Salary for Hardware Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Hardware Engineer salary in Iceland
Average Yearly Salary of Hardware Engineer in Iceland is approximately 17,277,204 ISK (120,963 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 Engineer do?

Skills: Hardware Engineer, Computer Hardware, Circuit Design, Prototyping, Testing, Troubleshooting
Job industry: Electronics
Job industry: Electronics
How much does Hardware Engineer make?
Salary details
How much does Hardware Engineer make?Estimated Yearly Salary: 17,277,204 ISK
Estimated Monthly Salary: 1,439,767 ISK
Estimated Weekly Salary: 332,254 ISK per week
Estimated Hourly Salary: 8,306 ISK per hour
Comparing salary to last year:
Estimated Yearly Salary: 16,694,535 ISKEstimated Monthly Salary: 1,391,211 ISK
Estimated Weekly Salary: 321,049 ISK per week
Estimated Hourly Salary: 8,026 ISK per hour
Hardware Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 120,963 USD
Estimated Monthly Salary: 10,080 USD
Estimated Weekly Salary: 2,326 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
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.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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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 Hardware Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Hardware Engineer in Iceland earns on average:
1.93 times the average salary (or 193% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Hardware Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Hardware Engineer in Iceland earns on average:
1.93 times the average salary (or 193% of average salary).
Is Hardware Engineer a well paid job?
Yes, our data shows that Hardware 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 Engineer?
High salary for Hardware Engineer would be somewhere between 19,004,924 ISK and 25,051,946 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Hardware 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: 17,277,204 ISK
Estimated Monthly Salary: 1,439,767 ISK
Estimated Weekly Salary: 332,254 ISK per week
Estimated Hourly Salary: 8,306 ISK per hour
By working as Hardware Engineer a person can save up to 7,351 USD per month or 88,217 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 Engineer
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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
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4. Neurosurgeon
(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.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Random salary:
Hr business associate (10,043,148 ISK per year, pre-tax.)
Tractor operator (4,564,362 ISK per year, pre-tax.)
Social media campaign manager (7,038,167 ISK per year, pre-tax.)
Security director (17,226,209 ISK per year, pre-tax.)
Applications programmer (9,252,345 ISK per year, pre-tax.)
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The salary figures presented here are meant for reference purposes only.
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