Home > Salary > Iceland > Mechanical Project Engineer
A mechanical project engineer is responsible for overseeing and managing various mechanical engineering projects from conception to completion. They collaborate with cross-functional teams, including designers, technicians, and contractors, to ensure the successful execution of projects. Their duties include creating project plans, conducting feasibility studies, analyzing technical specifications, and developing cost estimates. They also oversee the installation, testing, and maintenance of mechanical systems, ensuring compliance with industry standards and regulations.
Estimated Yearly Salary: 14,761,063 ISK
Estimated Monthly Salary: 1,230,089 ISK
Estimated Weekly Salary: 283,867 ISK per week
Estimated Hourly Salary: 7,097 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,187,401 ISK
Estimated Weekly Salary: 274,016 ISK per week
Estimated Hourly Salary: 6,850 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 103,228 USD
Estimated Monthly Salary: 8,602 USD
Estimated Weekly Salary: 1,985 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 14,761,063 ISK
Estimated Monthly Salary: 1,230,089 ISK
Estimated Weekly Salary: 283,867 ISK per week
Estimated Hourly Salary: 7,097 ISK per hour
By working as Mechanical Project Engineer a person can save up to 5,874 USD per month or 70,482 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 Project Engineer
Last revision of data: 2025-01-04
Data as of 2025
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Mechanical Project Engineer salary in Iceland
Average Yearly Salary of Mechanical Project Engineer in Iceland is approximately 14,761,063 ISK (103,228 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 Project Engineer do?
A mechanical project engineer is responsible for overseeing and managing various mechanical engineering projects from conception to completion. They collaborate with cross-functional teams, including designers, technicians, and contractors, to ensure the successful execution of projects. Their duties include creating project plans, conducting feasibility studies, analyzing technical specifications, and developing cost estimates. They also oversee the installation, testing, and maintenance of mechanical systems, ensuring compliance with industry standards and regulations.
Skills: mechanical engineering, project management, technical analysis, project planning, feasibility studies, system installation
Job industry: Engineering
Job industry: Engineering
How much does Mechanical Project Engineer make?
Salary details
How much does Mechanical Project Engineer make?Estimated Yearly Salary: 14,761,063 ISK
Estimated Monthly Salary: 1,230,089 ISK
Estimated Weekly Salary: 283,867 ISK per week
Estimated Hourly Salary: 7,097 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 14,248,806 ISKEstimated Monthly Salary: 1,187,401 ISK
Estimated Weekly Salary: 274,016 ISK per week
Estimated Hourly Salary: 6,850 ISK per hour
Last revision of data: 2024-01-09Mechanical Project Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 103,228 USD
Estimated Monthly Salary: 8,602 USD
Estimated Weekly Salary: 1,985 USD per week
Estimated Hourly Salary: 50 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Project Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Mechanical Project Engineer in Iceland earns on average:
1.65 times the average salary (or 165% 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 Project Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Mechanical Project Engineer in Iceland earns on average:
1.65 times the average salary (or 165% of average salary).
Is Mechanical Project Engineer a well paid job?
Yes, our data shows that Mechanical Project 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 Project Engineer?
High salary for Mechanical Project Engineer would be somewhere between 16,237,169 ISK and 21,403,541 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Mechanical Project 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: 14,761,063 ISK
Estimated Monthly Salary: 1,230,089 ISK
Estimated Weekly Salary: 283,867 ISK per week
Estimated Hourly Salary: 7,097 ISK per hour
By working as Mechanical Project Engineer a person can save up to 5,874 USD per month or 70,482 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 Project Engineer
Norway is 144,378 USD
United Kingdom is 68,003 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:
U.s. naval officer (17,757,883 ISK per year, pre-tax.)
Tax administrative assistant (7,249,297 ISK per year, pre-tax.)
Pc support analyst (7,786,258 ISK per year, pre-tax.)
Advertising manager (9,094,231 ISK per year, pre-tax.)
Retail associate (4,414,429 ISK per year, pre-tax.)
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