Home > Salary > Iceland > Market Research Analyst
A market research analyst is responsible for gathering and analyzing data to help companies make informed business decisions. They conduct research on market trends, consumer behavior, and competitor analysis to identify opportunities and assess the potential impact of marketing strategies. Market research analysts design surveys, questionnaires, and focus groups to collect data from target audiences, and then analyze the findings using statistical software. They also generate reports and presentations to communicate their findings and recommendations to stakeholders.
Estimated Yearly Salary: 10,753,874 ISK
Estimated Monthly Salary: 896,156 ISK
Estimated Weekly Salary: 206,805 ISK per week
Estimated Hourly Salary: 5,170 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 868,403 ISK
Estimated Weekly Salary: 200,401 ISK per week
Estimated Hourly Salary: 5,010 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 75,647 USD
Estimated Monthly Salary: 6,304 USD
Estimated Weekly Salary: 1,455 USD per week
Estimated Hourly Salary: 36 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: 10,753,874 ISK
Estimated Monthly Salary: 896,156 ISK
Estimated Weekly Salary: 206,805 ISK per week
Estimated Hourly Salary: 5,170 ISK per hour
By working as Market Research Analyst a person can save up to 3,575 USD per month or 42,901 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 Market Research Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Food and beverage manager (8,054,804 ISK per year, pre-tax.)
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Market Research Analyst salary in Iceland
Average Yearly Salary of Market Research Analyst in Iceland is approximately 10,753,874 ISK (75,647 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 Market Research Analyst do?
A market research analyst is responsible for gathering and analyzing data to help companies make informed business decisions. They conduct research on market trends, consumer behavior, and competitor analysis to identify opportunities and assess the potential impact of marketing strategies. Market research analysts design surveys, questionnaires, and focus groups to collect data from target audiences, and then analyze the findings using statistical software. They also generate reports and presentations to communicate their findings and recommendations to stakeholders.
Skills: Market research analyst, Data analysis, Consumer behavior, Market trends, Competitor analysis, Statistical software.
Job industry: Marketing
Job industry: Marketing
How much does Market Research Analyst make?
Salary details
How much does Market Research Analyst make?Estimated Yearly Salary: 10,753,874 ISK
Estimated Monthly Salary: 896,156 ISK
Estimated Weekly Salary: 206,805 ISK per week
Estimated Hourly Salary: 5,170 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,420,839 ISKEstimated Monthly Salary: 868,403 ISK
Estimated Weekly Salary: 200,401 ISK per week
Estimated Hourly Salary: 5,010 ISK per hour
Last revision of data: 2024-01-03Market Research Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 75,647 USD
Estimated Monthly Salary: 6,304 USD
Estimated Weekly Salary: 1,455 USD per week
Estimated Hourly Salary: 36 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 Market Research Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Market Research Analyst in Iceland earns on average:
1.2 times the average salary (or 120% 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 Market Research Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Market Research Analyst in Iceland earns on average:
1.2 times the average salary (or 120% of average salary).
Is Market Research Analyst a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Market Research Analyst?
High salary for Market Research Analyst would be somewhere between 11,829,261 ISK and 15,593,117 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Market Research Analyst 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: 10,753,874 ISK
Estimated Monthly Salary: 896,156 ISK
Estimated Weekly Salary: 206,805 ISK per week
Estimated Hourly Salary: 5,170 ISK per hour
By working as Market Research Analyst a person can save up to 3,575 USD per month or 42,901 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 Market Research Analyst
Norway is 105,256 USD
United Kingdom is 49,499 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:
Food and beverage manager (8,054,804 ISK per year, pre-tax.)
Car inspector railway (12,834,252 ISK per year, pre-tax.)
Bus driver transit and intercity (6,802,103 ISK per year, pre-tax.)
Sky cap (4,841,607 ISK per year, pre-tax.)
Associate director of admissions (collegeuniversity) (11,484,187 ISK per year, pre-tax.)
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