Home > Salary > Iceland > Mechanical Engineer
A mechanical engineer is a professional who applies principles of engineering, physics, and materials science to design, develop, test, and manufacture mechanical systems. They are responsible for creating innovative solutions to problems related to machinery, tools, and equipment in various industries such as automotive, aerospace, energy, manufacturing, and more. Mechanical engineers work on all stages of product development, from conceptualization and design to prototyping, testing, and production. They use computer-aided design (CAD) software to create detailed designs, analyze and optimize performance, and ensure compliance with safety and quality standards. They may also be involved in researching new technologies, conducting experiments, and collaborating with multidisciplinary teams to improve existing products or develop new ones.
Estimated Yearly Salary: 14,152,914 ISK
Estimated Monthly Salary: 1,179,410 ISK
Estimated Weekly Salary: 272,171 ISK per week
Estimated Hourly Salary: 6,804 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,143,094 ISK
Estimated Weekly Salary: 263,791 ISK per week
Estimated Hourly Salary: 6,595 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 99,490 USD
Estimated Monthly Salary: 8,291 USD
Estimated Weekly Salary: 1,913 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: 14,152,914 ISK
Estimated Monthly Salary: 1,179,410 ISK
Estimated Weekly Salary: 272,171 ISK per week
Estimated Hourly Salary: 6,804 ISK per hour
By working as Mechanical Engineer a person can save up to 5,562 USD per month or 66,744 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 Mechanical Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Mechanical Engineer salary in Iceland
Average Yearly Salary of Mechanical Engineer in Iceland is approximately 14,152,914 ISK (99,490 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 Mechanical Engineer do?
A mechanical engineer is a professional who applies principles of engineering, physics, and materials science to design, develop, test, and manufacture mechanical systems. They are responsible for creating innovative solutions to problems related to machinery, tools, and equipment in various industries such as automotive, aerospace, energy, manufacturing, and more. Mechanical engineers work on all stages of product development, from conceptualization and design to prototyping, testing, and production. They use computer-aided design (CAD) software to create detailed designs, analyze and optimize performance, and ensure compliance with safety and quality standards. They may also be involved in researching new technologies, conducting experiments, and collaborating with multidisciplinary teams to improve existing products or develop new ones.
Skills: Mechanical Engineer, Engineering, Design, Manufacturing, CAD, Innovation
Job industry: Engineering
Job industry: Engineering
How much does Mechanical Engineer make?
Salary details
How much does Mechanical Engineer make?Estimated Yearly Salary: 14,152,914 ISK
Estimated Monthly Salary: 1,179,410 ISK
Estimated Weekly Salary: 272,171 ISK per week
Estimated Hourly Salary: 6,804 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 13,717,132 ISKEstimated Monthly Salary: 1,143,094 ISK
Estimated Weekly Salary: 263,791 ISK per week
Estimated Hourly Salary: 6,595 ISK per hour
Last revision of data: 2024-01-03Mechanical Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 99,490 USD
Estimated Monthly Salary: 8,291 USD
Estimated Weekly Salary: 1,913 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 Mechanical Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Mechanical Engineer in Iceland earns on average:
1.58 times the average salary (or 158% 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 Mechanical Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Mechanical Engineer in Iceland earns on average:
1.58 times the average salary (or 158% of average salary).
Is Mechanical Engineer a well paid job?
Yes, our data shows that Mechanical 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 Mechanical Engineer?
High salary for Mechanical Engineer would be somewhere between 15,568,205 ISK and 20,521,725 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Mechanical 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: 14,152,914 ISK
Estimated Monthly Salary: 1,179,410 ISK
Estimated Weekly Salary: 272,171 ISK per week
Estimated Hourly Salary: 6,804 ISK per hour
By working as Mechanical Engineer a person can save up to 5,562 USD per month or 66,744 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 Mechanical Engineer
Norway is 139,014 USD
United Kingdom is 65,388 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:
Ship captain (13,601,760 ISK per year, pre-tax.)
Medical spa director (12,334,751 ISK per year, pre-tax.)
Hr generalist i (8,506,784 ISK per year, pre-tax.)
Full stack developer (21,179,606 ISK per year, pre-tax.)
Bursar (10,527,088 ISK per year, pre-tax.)
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