Machine Design Engineer salary in Iceland

Average Yearly Salary of Machine Design Engineer in Iceland is approximately 14,054,683 ISK (98,460 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 Machine Design Engineer do?

A machine design engineer is responsible for designing and developing mechanical systems and equipment. They work on creating innovative designs, analyzing and solving technical problems, and ensuring the functionality and efficiency of machines. These engineers collaborate with cross-functional teams to understand client requirements, develop design concepts, and produce detailed engineering drawings. They also conduct feasibility studies, prototype testing, and provide technical support during the manufacturing process. Machine design engineers utilize computer-aided design (CAD) software to create 2D and 3D models, perform simulations, and optimize designs. They have a strong understanding of mechanical principles, materials, and manufacturing processes. Attention to detail, analytical thinking, and problem-solving skills are crucial in this occupation. Additionally, they must stay updated with industry trends, standards, and regulations to ensure compliance and enhance design capabilities.

Skills: machine design engineer, mechanical engineering, CAD design, innovation, problem-solving, manufacturing process.
Job industry: Engineering

How much does Machine Design Engineer make?

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


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Salary comparison to National average

Is Machine Design Engineer a well paid job?

Yes, our data shows that Machine Design Engineer 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 Machine Design Engineer?

High salary for Machine Design Engineer would be somewhere between 15,460,151 ISK and 20,379,290 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Design 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: 14,054,683 ISK
Estimated Monthly Salary: 1,171,224 ISK
Estimated Weekly Salary: 270,282 ISK per week
Estimated Hourly Salary: 6,757 ISK per hour
By working as Machine Design Engineer a person can save up to 5,476 USD per month or 65,714 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 Machine Design 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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