Industrial Production Manager salary in Iceland

Average Yearly Salary of Industrial Production Manager in Iceland is approximately 13,541,937 ISK (94,726 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 Industrial Production Manager do?

An industrial production manager is responsible for overseeing the manufacturing process within a company. They plan, coordinate, and control the production activities to ensure efficient and effective operations. This includes managing resources, setting production targets, monitoring performance, and implementing quality control measures. Industrial production managers also collaborate with other departments such as engineering, marketing, and sales to ensure that production meets customer demand and company objectives. They are responsible for optimizing productivity, minimizing costs, and maintaining safety standards in the production facility. Additionally, they may be involved in hiring and training staff, as well as evaluating and improving production processes.

Skills: Industrial Production Manager, Manufacturing Operations, Production Planning, Resource Management, Quality Control, Cost Optimization
Job industry: Manufacturing

How much does Industrial Production Manager make?

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


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Salary comparison to National average

Is Industrial Production Manager a well paid job?

Yes, our data shows that Industrial Production Manager 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 Industrial Production Manager?

High salary for Industrial Production Manager would be somewhere between 14,896,131 ISK and 19,635,809 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Industrial Production 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: 13,541,937 ISK
Estimated Monthly Salary: 1,128,495 ISK
Estimated Weekly Salary: 260,422 ISK per week
Estimated Hourly Salary: 6,511 ISK per hour
By working as Industrial Production Manager a person can save up to 5,165 USD per month or 61,980 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 Industrial Production 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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