Inventory Associate salary in Iceland

Average Yearly Salary of Inventory Associate in Iceland is approximately 5,155,653 ISK (36,192 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 Associate do?

An inventory associate is responsible for maintaining accurate records of a company's inventory levels. They perform various tasks related to inventory management, such as receiving and inspecting incoming shipments, organizing and labeling inventory items, and updating inventory databases or software. They also assist in conducting regular stock counts, identifying discrepancies, and reconciling inventory discrepancies with the help of supervisors or managers. Inventory associates may also be involved in monitoring stock levels, forecasting demand, and ordering new supplies or materials when needed. Attention to detail, strong organizational skills, and the ability to work in a fast-paced environment are essential for this role.

Skills: Inventory management, Stock control, Record-keeping, Supply chain, Data entry, Warehouse operations.
Job industry: Retail

How much does Inventory Associate make?

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


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Salary comparison to National average

Is Inventory Associate a well paid job?

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

What is considered a high salary for Inventory Associate?

High salary for Inventory Associate would be somewhere between 5,671,218 ISK and 7,475,697 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Associate 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: 5,155,653 ISK
Estimated Monthly Salary: 429,638 ISK
Estimated Weekly Salary: 99,147 ISK per week
Estimated Hourly Salary: 2,479 ISK per hour
By working as Inventory Associate a person can save up to 287 USD per month or 3,446 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 Associate

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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