Inventory Auditor salary in Iceland

Average Yearly Salary of Inventory Auditor in Iceland is approximately 5,618,619 ISK (39,237 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 Auditor do?

An inventory auditor is responsible for conducting thorough inspections and audits of a company's inventory to ensure accuracy, completeness, and compliance with established procedures. They perform physical counts of stock, compare inventory records with actual quantities, identify discrepancies or inconsistencies, investigate root causes of discrepancies, and make recommendations for process improvements. Inventory auditors may also analyze inventory turnover rates, monitor stock levels, and assist in developing inventory control strategies. They work closely with warehouse personnel, purchasing teams, and accounting departments to maintain accurate inventory records and resolve any issues that arise. Strong attention to detail, excellent mathematical skills, and proficiency in using inventory management software are essential for this role.

Skills: inventory auditing, stock management, inventory control, data analysis, process improvement, attention to detail
Job industry: Finance and accounting

How much does Inventory Auditor 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 Auditor a well paid job?

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

What is considered a high salary for Inventory Auditor?

High salary for Inventory Auditor would be somewhere between 6,180,481 ISK and 8,146,998 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Auditor 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: 5,618,619 ISK
Estimated Monthly Salary: 468,218 ISK
Estimated Weekly Salary: 108,050 ISK per week
Estimated Hourly Salary: 2,701 ISK per hour
By working as Inventory Auditor a person can save up to 541 USD per month or 6,491 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 Auditor

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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