Medical Records Coder salary in Iceland

Average Yearly Salary of Medical Records Coder in Iceland is approximately 7,621,520 ISK (53,023 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 Records Coder do?

A medical records coder is responsible for reviewing and analyzing patient medical records to assign appropriate codes, ensuring accurate documentation of diagnoses, procedures, and treatments. They use a standardized coding system, such as ICD-10 or CPT, to translate medical information into alphanumeric codes. This information is crucial for billing purposes, reimbursement, and statistical analysis. The coder must have a strong understanding of medical terminology, anatomy, and disease processes to accurately assign codes. They work closely with healthcare providers, insurance companies, and other stakeholders to ensure compliance with coding guidelines and regulations. Attention to detail, analytical skills, and the ability to work independently are essential in this role.

Skills: medical records coder, medical coding, healthcare, medical terminology, ICD-10, CPT
Job industry: Healthcare

How much does Medical Records Coder make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Medical Records Coder a well paid job?

Yes, our data show that Medical Records Coder 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 Records Coder?

High salary for Medical Records Coder would be somewhere between 8,383,672 ISK and 11,051,204 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Medical Records Coder 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: 7,621,520 ISK
Estimated Monthly Salary: 635,127 ISK
Estimated Weekly Salary: 146,568 ISK per week
Estimated Hourly Salary: 3,664 ISK per hour
By working as Medical Records Coder a person can save up to 1,690 USD per month or 20,277 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 Records Coder

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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