Machinist Technician salary in Iceland

Average Yearly Salary of Machinist Technician in Iceland is approximately 8,798,318 ISK (61,444 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 Technician do?

A machinist technician is a skilled professional who specializes in operating and maintaining various types of machinery and equipment. They work in industries such as manufacturing, automotive, aerospace, and engineering. The primary role of a machinist technician is to set up and operate machines, such as lathes, milling machines, and grinders, to produce precision parts and components according to specifications. They use blueprints, technical drawings, and computer-aided design (CAD) software to guide their work. Additionally, machinist technicians are responsible for inspecting finished products for quality control, troubleshooting any issues with the equipment, performing routine maintenance and repairs, and ensuring the safety protocols are followed. They possess excellent mechanical skills, knowledge of various machining techniques, and the ability to interpret technical drawings accurately.

Skills: machinist technician, machine operation, precision manufacturing, equipment maintenance, quality control, mechanical skills
Job industry: Manufacturing

How much does Machinist Technician 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 Technician a well paid job?

Yes, our data show that Machinist Technician 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 Technician?

High salary for Machinist Technician would be somewhere between 9,678,150 ISK and 12,757,561 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Machinist Technician 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: 8,798,318 ISK
Estimated Monthly Salary: 733,193 ISK
Estimated Weekly Salary: 169,198 ISK per week
Estimated Hourly Salary: 4,230 ISK per hour
By working as Machinist Technician a person can save up to 2,392 USD per month or 28,698 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 Technician

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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