Machine Tool Builder salary in Iceland

Average Yearly Salary of Machine Tool Builder in Iceland is approximately 8,358,631 ISK (58,368 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 Tool Builder do?

A machine tool builder is a skilled professional responsible for constructing, assembling, and maintaining various types of machine tools used in manufacturing processes. They work with blueprints, specifications, and technical drawings to fabricate and assemble components such as frames, bases, and control panels. Machine tool builders also install and align mechanical and electrical components, test the machines for functionality and safety, and make necessary adjustments or repairs. Machine tool builder occupation requires proficiency in reading and interpreting technical drawings, strong mechanical and electrical skills, precision and attention to detail, problem-solving abilities, and knowledge of various tools and equipment. They should also have good communication skills to collaborate with engineers and other team members.

Skills: Machine tool builder, Manufacturing, Assembly, Technical drawings, Mechanical skills, Electrical skills
Job industry: Manufacturing

How much does Machine Tool Builder make?

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


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

Salary comparison to National average

Is Machine Tool Builder a well paid job?

Yes, our data show that Machine Tool Builder 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 Tool Builder?

High salary for Machine Tool Builder would be somewhere between 9,194,494 ISK and 12,120,015 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Tool Builder 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: 8,358,631 ISK
Estimated Monthly Salary: 696,553 ISK
Estimated Weekly Salary: 160,743 ISK per week
Estimated Hourly Salary: 4,019 ISK per hour
By working as Machine Tool Builder a person can save up to 2,135 USD per month or 25,622 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 Tool Builder

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:
Process manager composite materials (15,804,905 ISK per year, pre-tax.)
Assistant trader lumber (3,937,930 ISK per year, pre-tax.)
Cage manager (8,777,887 ISK per year, pre-tax.)
Insurance sales representative (7,593,099 ISK per year, pre-tax.)
Head nurse dialysis unit (14,355,198 ISK per year, pre-tax.)

Feedback about these results