Medical Coding Specialist salary in Iceland

Average Yearly Salary of Medical Coding Specialist in Iceland is approximately 7,581,632 ISK (52,984 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 Medical Coding Specialist do?

A medical coding specialist is a highly skilled professional responsible for translating medical diagnoses, procedures, and treatments into universally recognized alphanumeric codes. These codes are used for medical billing, insurance claims, and data analysis. The specialist reviews patient medical records, assigns the appropriate codes, and ensures accuracy and compliance with coding guidelines and regulations. They must possess in-depth knowledge of medical terminology, anatomy, and physiology, as well as proficiency in various coding systems such as ICD-10-CM, CPT, and HCPCS.

Skills: Medical coding, Healthcare, Alphanumeric codes, Billing and insurance, Compliance, Medical records
Job industry: Healthcare

How much does Medical Coding Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Medical Coding Specialist a well paid job?

Yes, our data show that Medical Coding Specialist 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 Medical Coding Specialist?

High salary for Medical Coding Specialist would be somewhere between 8,339,795 ISK and 10,993,366 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Coding Specialist 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: 7,581,632 ISK
Estimated Monthly Salary: 631,803 ISK
Estimated Weekly Salary: 145,801 ISK per week
Estimated Hourly Salary: 3,645 ISK per hour
By working as Medical Coding Specialist a person can save up to 1,687 USD per month or 20,238 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 Medical Coding Specialist

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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