Machine Shop Foreman salary in Iceland

Average Yearly Salary of Machine Shop Foreman in Iceland is approximately 10,044,621 ISK (70,019 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 Shop Foreman do?

A machine shop foreman is responsible for overseeing the operations and activities of a machine shop. They supervise a team of machinists, ensuring that production goals are met efficiently and effectively. The foreman assigns tasks, monitors progress, and provides guidance and support to the team. They are responsible for maintaining a safe working environment, enforcing safety protocols, and addressing any issues or concerns that may arise. Additionally, the foreman may be involved in planning and scheduling production, ordering materials and supplies, and managing budgets. They may also be responsible for troubleshooting and resolving technical problems with machines and equipment. Overall, the machine shop foreman plays a crucial role in ensuring the smooth and efficient functioning of the machine shop.

Skills: machine shop foreman, supervision, production management, team leadership, technical troubleshooting, safety enforcement
Job industry: Manufacturing

How much does Machine Shop Foreman make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Machine Shop Foreman a well paid job?

Yes, our data show that Machine Shop Foreman 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 Machine Shop Foreman?

High salary for Machine Shop Foreman would be somewhere between 11,049,083 ISK and 14,564,700 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Shop Foreman 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: 10,044,621 ISK
Estimated Monthly Salary: 837,052 ISK
Estimated Weekly Salary: 193,166 ISK per week
Estimated Hourly Salary: 4,829 ISK per hour
By working as Machine Shop Foreman a person can save up to 3,106 USD per month or 37,273 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 Shop Foreman

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

Random salary:
Employee services manager (8,145,314 ISK per year, pre-tax.)
Gas supervisor (10,952,513 ISK per year, pre-tax.)
Associate director career services (12,015,861 ISK per year, pre-tax.)
Nurse educator (12,350,751 ISK per year, pre-tax.)
National accounts specialist (7,591,315 ISK per year, pre-tax.)

Feedback about these results