Medical Consultant salary in Iceland

Average Yearly Salary of Medical Consultant in Iceland is approximately 17,562,648 ISK (122,830 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 Consultant do?

A medical consultant is a highly specialized healthcare professional who provides expert advice and guidance to other healthcare professionals, organizations, or individuals. They possess extensive knowledge and experience in a specific area of medicine and are often sought after for their expertise in diagnosing and treating complex medical conditions. Medical consultants may work in hospitals, clinics, research institutions, or private practice. Their primary role involves reviewing patient cases, conducting thorough assessments, and providing evidence-based recommendations to improve patient care and outcomes. They may also contribute to the development of clinical guidelines, conduct research studies, and deliver educational presentations to healthcare professionals. A medical consultant must stay up-to-date with the latest advancements in their field and continuously enhance their skills through ongoing learning and professional development.

Skills: Medical consultant, Healthcare expert, Specialist advice, Patient care optimization, Clinical guidelines development, Research contribution.
Job industry: Healthcare

How much does Medical Consultant 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 Consultant a well paid job?

Yes, our data shows that Medical Consultant 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 Medical Consultant?

High salary for Medical Consultant would be somewhere between 19,318,913 ISK and 25,465,840 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Consultant 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: 17,562,648 ISK
Estimated Monthly Salary: 1,463,554 ISK
Estimated Weekly Salary: 337,743 ISK per week
Estimated Hourly Salary: 8,444 ISK per hour
By working as Medical Consultant a person can save up to 7,507 USD per month or 90,084 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 Consultant

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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