Machine Shop Tool Die salary in Iceland

Average Yearly Salary of Machine Shop Tool Die in Iceland is approximately 7,603,071 ISK (53,170 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 Tool Die do?

A machine shop supervisor in production is responsible for overseeing the day-to-day operations of a machine shop, ensuring that production targets are met, and maintaining quality standards. They coordinate and schedule work assignments, monitor workflow, and ensure that machines are properly maintained and operated. This role involves supervising a team of machinists and technicians, providing guidance and training as needed. The machine shop supervisor also collaborates with other departments to optimize production processes, implement safety protocols, and resolve any issues that may arise. They must possess strong leadership skills, technical knowledge of machining operations, and the ability to troubleshoot and problem-solve effectively. Attention to detail, organizational skills, and the ability to prioritize tasks are essential in this role.

Skills: machine shop supervisor, production, manufacturing, machining operations, leadership skills, quality control
Job industry: Manufacturing

How much does Machine Shop Tool Die make?

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


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Salary comparison to National average

Is Machine Shop Tool Die a well paid job?

Yes, our data show that Machine Shop Tool Die 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 Tool Die?

High salary for Machine Shop Tool Die would be somewhere between 8,363,378 ISK and 11,024,453 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Shop Tool Die 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: 7,603,071 ISK
Estimated Monthly Salary: 633,589 ISK
Estimated Weekly Salary: 146,213 ISK per week
Estimated Hourly Salary: 3,655 ISK per hour
By working as Machine Shop Tool Die a person can save up to 1,702 USD per month or 20,424 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 Tool Die

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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