Machine Tool Set Up salary in Iceland

Average Yearly Salary of Machine Tool Set Up in Iceland is approximately 7,600,966 ISK (52,939 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 Set Up do?

The occupation of machine tool setup involves the preparation and adjustment of machines used in manufacturing processes. Machine tool setup technicians are responsible for installing, calibrating, and configuring various types of machine tools such as lathes, milling machines, and grinders. They ensure that the machines are properly aligned, leveled, and equipped with the necessary tools and materials for production. Additionally, they may perform routine maintenance tasks, troubleshoot issues, and make necessary repairs to keep the machines running smoothly.

Skills: machine tool setup, manufacturing, machine tools, technician, calibration, maintenance
Job industry: Manufacturing

How much does Machine Tool Set Up 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 Tool Set Up a well paid job?

Yes, our data show that Machine Tool Set Up 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 Set Up?

High salary for Machine Tool Set Up would be somewhere between 8,361,063 ISK and 11,021,401 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machine Tool Set Up 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: 7,600,966 ISK
Estimated Monthly Salary: 633,414 ISK
Estimated Weekly Salary: 146,172 ISK per week
Estimated Hourly Salary: 3,654 ISK per hour
By working as Machine Tool Set Up a person can save up to 1,683 USD per month or 20,193 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 Set Up

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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