Home > Salary > Iceland > Machinist Engineer
A machinist engineer is a professional who combines the skills of a machinist and an engineer to design, develop, and operate machinery and tools used in manufacturing processes. They are responsible for interpreting blueprints and specifications to create precise and accurate machine parts. Machinist engineers use computer-aided design (CAD) software to model and analyze designs before starting the machining process. They also set up and operate various machines, such as lathes, milling machines, and grinders, to shape and finish metal and plastic components. Additionally, they perform maintenance and repair tasks on machinery to ensure optimal performance.
Estimated Yearly Salary: 14,060,186 ISK
Estimated Monthly Salary: 1,171,682 ISK
Estimated Weekly Salary: 270,388 ISK per week
Estimated Hourly Salary: 6,760 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,134,240 ISK
Estimated Weekly Salary: 261,748 ISK per week
Estimated Hourly Salary: 6,544 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 98,825 USD
Estimated Monthly Salary: 8,235 USD
Estimated Weekly Salary: 1,900 USD per week
Estimated Hourly Salary: 48 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 14,060,186 ISK
Estimated Monthly Salary: 1,171,682 ISK
Estimated Weekly Salary: 270,388 ISK per week
Estimated Hourly Salary: 6,760 ISK per hour
By working as Machinist Engineer a person can save up to 5,507 USD per month or 66,079 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.
Estimated Yearly Salary for Machinist Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Machinist Engineer salary in Iceland
Average Yearly Salary of Machinist Engineer in Iceland is approximately 14,060,186 ISK (98,825 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 Engineer do?
A machinist engineer is a professional who combines the skills of a machinist and an engineer to design, develop, and operate machinery and tools used in manufacturing processes. They are responsible for interpreting blueprints and specifications to create precise and accurate machine parts. Machinist engineers use computer-aided design (CAD) software to model and analyze designs before starting the machining process. They also set up and operate various machines, such as lathes, milling machines, and grinders, to shape and finish metal and plastic components. Additionally, they perform maintenance and repair tasks on machinery to ensure optimal performance.
Skills: Machinist Engineer, Manufacturing, Machining, Engineering, CAD, Precision
Job industry: Manufacturing
Job industry: Manufacturing
How much does Machinist Engineer make?
Salary details
How much does Machinist Engineer make?Estimated Yearly Salary: 14,060,186 ISK
Estimated Monthly Salary: 1,171,682 ISK
Estimated Weekly Salary: 270,388 ISK per week
Estimated Hourly Salary: 6,760 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 13,610,883 ISKEstimated Monthly Salary: 1,134,240 ISK
Estimated Weekly Salary: 261,748 ISK per week
Estimated Hourly Salary: 6,544 ISK per hour
Last revision of data: 2024-01-03Machinist Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 98,825 USD
Estimated Monthly Salary: 8,235 USD
Estimated Weekly Salary: 1,900 USD per week
Estimated Hourly Salary: 48 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Machinist Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Machinist Engineer in Iceland earns on average:
1.57 times the average salary (or 157% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Machinist Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Machinist Engineer in Iceland earns on average:
1.57 times the average salary (or 157% of average salary).
Is Machinist Engineer a well paid job?
Yes, our data shows that Machinist Engineer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Machinist Engineer?
High salary for Machinist Engineer would be somewhere between 15,466,205 ISK and 20,387,270 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Machinist Engineer 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: 14,060,186 ISK
Estimated Monthly Salary: 1,171,682 ISK
Estimated Weekly Salary: 270,388 ISK per week
Estimated Hourly Salary: 6,760 ISK per hour
By working as Machinist Engineer a person can save up to 5,507 USD per month or 66,079 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 Engineer
Norway is 137,726 USD
United Kingdom is 64,933 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Financial service representative (fsr) (6,827,719 ISK per year, pre-tax.)
Wedding coordinator (6,073,803 ISK per year, pre-tax.)
Forklift operator (5,848,414 ISK per year, pre-tax.)
First-line supervisor manager of farming fishing and forestry workers (5,422,989 ISK per year, pre-tax.)
Accounting administrator (7,337,044 ISK per year, pre-tax.)
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Salary data displayed on this site is for reference only. Our figures come from various inputs, but we do not guarantee their accuracy. Users must always verify salary details with official platforms before making job-related decisions. Salaries differ due to individual experience, market demand, and employer policies. We cannot offer any warranties about the validity of the provided salary data. By navigating this site, you acknowledge these limitations.
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