Merchandise Manager salary in Iceland

Average Yearly Salary of Merchandise Manager in Iceland is approximately 5,631,012 ISK (39,117 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 Merchandise Manager do?

A merchandise manager is responsible for overseeing the planning, development, and execution of a company's merchandise strategy. They analyze market trends, consumer preferences, and sales data to make informed decisions regarding product assortment, pricing, and promotions. The merchandise manager collaborates with suppliers and vendors to negotiate contracts and ensure timely delivery of goods. They also work closely with other departments such as marketing and sales to create effective merchandising campaigns and maximize profitability.

Skills: merchandise management, retail operations, product assortment, pricing strategy, market analysis, supplier relations
Job industry: Retail

How much does Merchandise Manager make?

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


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Salary comparison to National average

Is Merchandise Manager a well paid job?

No, our data shows that Merchandise Manager is typically not a well-paid job. The salary varies based on experience. Meaning that even though Merchandise Manager might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Merchandise Manager?

High salary for Merchandise Manager would be somewhere between 6,194,113 ISK and 8,164,967 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Merchandise Manager 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: 5,631,012 ISK
Estimated Monthly Salary: 469,251 ISK
Estimated Weekly Salary: 108,289 ISK per week
Estimated Hourly Salary: 2,707 ISK per hour
By working as Merchandise Manager a person can save up to 531 USD per month or 6,371 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 Merchandise Manager

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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