Licensed Professional Engineer salary in Iceland

Average Yearly Salary of Licensed Professional Engineer in Iceland is approximately 17,892,428 ISK (124,477 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 Licensed Professional Engineer do?

A licensed professional engineer (PE) is an individual who has obtained the necessary education, experience, and licensure to practice engineering in a specific jurisdiction. PEs are responsible for designing, developing, and evaluating a wide range of products, systems, and structures to ensure they meet safety, efficiency, and environmental standards. They apply scientific and mathematical principles to solve complex problems and develop innovative solutions in various fields such as civil, mechanical, electrical, or chemical engineering. PEs work on projects from conception to completion, collaborating with clients, architects, and other professionals to ensure that designs meet specifications and regulations. They oversee construction and implementation processes, conduct inspections, and analyze data to ensure compliance with industry standards. PEs may also provide expert testimony in legal proceedings related to engineering matters.

Skills: Licensed Professional Engineer, Engineering, Design, Safety, Regulations, Construction
Job industry: Engineering

How much does Licensed Professional Engineer make?

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


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Salary comparison to National average

Is Licensed Professional Engineer a well paid job?

No / we do not have enough data to assess this.

What is considered a high salary for Licensed Professional Engineer?

High salary for Licensed Professional Engineer would be somewhere between 19,681,671 ISK and 25,944,021 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Licensed Professional Engineer 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: 17,892,428 ISK
Estimated Monthly Salary: 1,491,036 ISK
Estimated Weekly Salary: 344,085 ISK per week
Estimated Hourly Salary: 8,602 ISK per hour
By working as Licensed Professional Engineer a person can save up to 7,644 USD per month or 91,731 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 Licensed Professional Engineer

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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