Key Manager salary in Iceland

Average Yearly Salary of Key Manager in Iceland is approximately 5,166,694 ISK (36,175 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 Key Manager do?

A key manager is responsible for overseeing and coordinating the operations of a specific department or area within an organization. They play a crucial role in ensuring that goals and objectives are met, and that the team is working efficiently and effectively. Key managers are involved in strategic planning, setting targets, and monitoring performance. They provide guidance and support to their team members, delegate tasks, and ensure that resources are allocated appropriately. Additionally, key managers may be involved in hiring and training new employees, as well as evaluating and providing feedback on their performance. They collaborate with other departments and senior management to ensure alignment and coordination across the organization.

Skills: Managerial role, Leadership, Team coordination, Strategic planning, Performance monitoring, Resource allocation.
Job industry: Management

How much does Key Manager make?

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


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Salary comparison to National average

Is Key Manager a well paid job?

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

What is considered a high salary for Key Manager?

High salary for Key Manager would be somewhere between 5,683,363 ISK and 7,491,706 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Key Manager 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: 5,166,694 ISK
Estimated Monthly Salary: 430,558 ISK
Estimated Weekly Salary: 99,360 ISK per week
Estimated Hourly Salary: 2,484 ISK per hour
By working as Key Manager a person can save up to 286 USD per month or 3,429 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 Key Manager

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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