Job Cost Analyst salary in Iceland

Average Yearly Salary of Job Cost Analyst in Iceland is approximately 9,928,821 ISK (69,276 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 Job Cost Analyst do?

A job cost analyst is responsible for analyzing and tracking the costs associated with various projects or jobs within an organization. They gather data on labor, materials, and other expenses, and use this information to calculate the total cost of each job. Job cost analysts also monitor budgetary constraints, identify cost-saving opportunities, and provide recommendations to improve efficiency and profitability. Their primary duties include preparing detailed cost reports, conducting variance analysis, and ensuring accurate and timely billing. They collaborate with project managers, accountants, and other stakeholders to ensure that costs are properly allocated and accounted for. Job cost analysts must have strong analytical skills, attention to detail, and proficiency in financial software and tools.

Skills: Job cost analysis, Cost tracking, Budget management, Financial analysis, Project costing, Cost control.
Job industry: Accounting

How much does Job Cost 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 Job Cost Analyst a well paid job?

Yes, our data show that Job Cost Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Job Cost Analyst?

High salary for Job Cost Analyst would be somewhere between 10,921,703 ISK and 14,396,790 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Job Cost 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: 9,928,821 ISK
Estimated Monthly Salary: 827,402 ISK
Estimated Weekly Salary: 190,939 ISK per week
Estimated Hourly Salary: 4,773 ISK per hour
By working as Job Cost Analyst a person can save up to 3,044 USD per month or 36,530 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 Job Cost 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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