Inventory Analyst salary in Iceland

Average Yearly Salary of Inventory Analyst in Iceland is approximately 10,917,385 ISK (76,085 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 Inventory Analyst do?

An inventory analyst is responsible for monitoring and managing inventory levels within a company. They analyze data, track inventory movement, and forecast future demands to ensure optimal stock levels are maintained. The main objective of an inventory analyst is to minimize costs while meeting customer demands. They collaborate with various departments such as purchasing, sales, and logistics to coordinate inventory needs and identify any potential issues or opportunities for improvement. Additionally, they may develop inventory control policies and procedures, conduct regular audits, and implement strategies to optimize inventory turnover and reduce losses. Strong analytical skills, attention to detail, and proficiency in inventory management software are essential for this role.

Skills: inventory analyst, inventory management, data analysis, forecasting, supply chain management, cost optimization
Job industry: Retail

How much does Inventory Analyst make?

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


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Salary comparison to National average

Is Inventory Analyst a well paid job?

Yes, our data shows that Inventory Analyst 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 Inventory Analyst?

High salary for Inventory Analyst would be somewhere between 12,009,124 ISK and 15,830,208 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Analyst 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: 10,917,385 ISK
Estimated Monthly Salary: 909,782 ISK
Estimated Weekly Salary: 209,950 ISK per week
Estimated Hourly Salary: 5,249 ISK per hour
By working as Inventory Analyst a person can save up to 3,612 USD per month or 43,339 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 Inventory Analyst

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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