Machine Shop Lead Person salary in Iceland

Average Yearly Salary of Machine Shop Lead Person in Iceland is approximately 8,361,617 ISK (58,696 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 Lead Person do?

The occupation of a machine shop lead person involves overseeing the daily operations of a machine shop. This includes managing a team of machinists, assigning tasks, and ensuring that production goals are met. The lead person is responsible for maintaining a safe working environment, enforcing quality control standards, and troubleshooting any issues that may arise during the manufacturing process. They also collaborate with other departments to coordinate workflow and prioritize orders. Additionally, the lead person may be involved in training new employees, implementing process improvements, and maintaining inventory levels.

Skills: machine shop, lead person, manufacturing, supervision, quality control, workflow coordination
Job industry: Manufacturing

How much does Machine Shop Lead Person 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 Shop Lead Person a well paid job?

Yes, our data show that Machine Shop Lead Person 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 Lead Person?

High salary for Machine Shop Lead Person would be somewhere between 9,197,779 ISK and 12,124,345 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Shop Lead Person 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: 8,361,617 ISK
Estimated Monthly Salary: 696,801 ISK
Estimated Weekly Salary: 160,800 ISK per week
Estimated Hourly Salary: 4,020 ISK per hour
By working as Machine Shop Lead Person a person can save up to 2,163 USD per month or 25,950 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 Lead Person

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.

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Data as of 2025

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