Machinist salary in Iceland

Average Yearly Salary of Machinist in Iceland is approximately 8,023,966 ISK (56,030 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 Machinist do?

A machinist is a skilled professional who operates and maintains various types of machines to produce precision metal parts. They work in manufacturing industries such as automotive, aerospace, and engineering. Machinists read blueprints, set up and adjust machines, and use tools like lathes, milling machines, and grinders to shape and finish metal components. They are responsible for ensuring that the parts they produce meet the required specifications and tolerances. Machinists possess a strong understanding of different metals and their properties, as well as proficiency in using measuring instruments like micrometers and calipers. They are adept at interpreting technical drawings and possess problem-solving skills to troubleshoot machine issues. Attention to detail, manual dexterity, and a commitment to safety are crucial qualities for a machinist.

Skills: Machinist, Metalworking, Precision Manufacturing, Machine Operation, Technical Drawing, Quality Control.
Job industry: Manufacturing

How much does Machinist make?

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


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Salary comparison to National average

Is Machinist a well paid job?

Yes, our data show that Machinist 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 Machinist?

High salary for Machinist would be somewhere between 8,826,363 ISK and 11,634,751 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machinist 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: 8,023,966 ISK
Estimated Monthly Salary: 668,664 ISK
Estimated Weekly Salary: 154,307 ISK per week
Estimated Hourly Salary: 3,858 ISK per hour
By working as Machinist a person can save up to 1,940 USD per month or 23,284 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 Machinist

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

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