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It Application Analyst salary in Iceland

Average Yearly Salary of It Application Analyst in Iceland is approximately 12,562,017 ISK (87,685 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 It Application Analyst do?

occupation personasAn IT Application Analyst is responsible for analyzing, designing, and implementing software applications within an organization. They work closely with end-users to understand their requirements and develop solutions that meet their needs. This involves conducting system analysis, creating functional specifications, and collaborating with developers to ensure the successful implementation of applications. Additionally, they provide technical support, troubleshoot issues, and perform regular maintenance to ensure optimal performance.

Skills: IT, Application Analyst, Software Applications, System Analysis, Functional Specifications, Technical Support
Job industry: Information technology


How much does It Application Analyst make?

Salary details
How much does It Application Analyst make?
Estimated Yearly Salary: 12,562,017 ISK
Estimated Monthly Salary: 1,046,835 ISK
Estimated Weekly Salary: 241,577 ISK per week
Estimated Hourly Salary: 6,039 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 12,122,110 ISK
Estimated Monthly Salary: 1,010,176 ISK
Estimated Weekly Salary: 233,118 ISK per week
Estimated Hourly Salary: 5,828 ISK per hour
Last revision of data: 2024-01-05



It Application Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 87,685 USD
Estimated Monthly Salary: 7,307 USD
Estimated Weekly Salary: 1,686 USD per week
Estimated Hourly Salary: 42 USD per hour


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

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.

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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 It Application Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as It Application Analyst in Iceland earns on average:
1.4 times the average salary (or 140% of average salary).

Is It Application Analyst a well paid job?

Yes, our data shows that It Application 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 It Application Analyst?

High salary for It Application Analyst would be somewhere between 13,818,219 ISK and 18,214,925 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Application 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: 12,562,017 ISK
Estimated Monthly Salary: 1,046,835 ISK
Estimated Weekly Salary: 241,577 ISK per week
Estimated Hourly Salary: 6,039 ISK per hour
By working as It Application Analyst a person can save up to 4,578 USD per month or 54,939 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 It Application Analyst

Norway is 122,769 USDup arrow 40%
Details on It Application Analyst salary in Norway
United Kingdom is 57,591 USDdown arrow 34%
Details on It Application Analyst salary in United Kingdom
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(101,519,791 ISK per year, pre-tax.)
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
(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.)
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)

Data as of 2025

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The salary data presented here are intended for informational purposes only. While we strive to ensure correctness, we cannot guarantee every estimate is precise. Users should to research salary details with official sources before making critical financial choices. Salary ranges can change due to economic shifts, demand variations, and regional factors. We deny responsibility for inaccuracies in the compensation data displayed.
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