Junior Account salary in Iceland

Average Yearly Salary of Junior Account in Iceland is approximately 10,105,436 ISK (70,701 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 Junior Account do?

A junior accountant is a professional responsible for assisting with financial tasks within an organization. They work under the supervision of senior accountants or financial managers to ensure accurate and timely recording of financial transactions. Junior accountants typically handle tasks such as preparing financial statements, reconciling bank statements, maintaining general ledgers, and processing invoices. They may also assist in budgeting and forecasting processes, analyzing financial data, and supporting audits. Attention to detail, strong analytical skills, and proficiency in accounting software are essential for this role. Junior accountants often collaborate with other departments to gather necessary financial information and ensure compliance with accounting principles and regulations.

Skills: Junior accountant, Financial analysis, Financial reporting, Bookkeeping, Account reconciliation, Budgeting and forecasting.
Job industry: Accounting

How much does Junior Account make?

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


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Salary comparison to National average

Is Junior Account a well paid job?

Yes, our data show that Junior Account 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 Junior Account?

High salary for Junior Account would be somewhere between 11,115,980 ISK and 14,652,882 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Junior Account 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: 10,105,436 ISK
Estimated Monthly Salary: 842,120 ISK
Estimated Weekly Salary: 194,335 ISK per week
Estimated Hourly Salary: 4,858 ISK per hour
By working as Junior Account a person can save up to 3,163 USD per month or 37,955 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 Junior Account

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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