Millwright salary in Iceland

Average Yearly Salary of Millwright in Iceland is approximately 10,008,760 ISK (70,089 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 Millwright do?

A millwright is a skilled tradesperson who specializes in installing, maintaining, and repairing machinery in factories, power plants, and other industrial settings. Their occupation involves interpreting technical blueprints, assembling and disassembling machines, aligning and leveling equipment, and troubleshooting mechanical issues. They work with a variety of tools and equipment such as hoists, cranes, welding machines, and precision measurement instruments. Millwrights are responsible for ensuring that machinery operates efficiently and safely, as well as performing regular maintenance to prevent breakdowns and minimize downtime. They may also be involved in upgrading or modifying existing equipment to improve performance.

Skills: Millwright, Industrial machinery, Machine installation, Equipment maintenance, Mechanical troubleshooting, Precision alignment
Job industry: Construction

How much does Millwright make?

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


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Salary comparison to National average

Is Millwright a well paid job?

Yes, our data show that Millwright 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 Millwright?

High salary for Millwright would be somewhere between 11,009,636 ISK and 14,512,702 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Millwright 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: 10,008,760 ISK
Estimated Monthly Salary: 834,063 ISK
Estimated Weekly Salary: 192,476 ISK per week
Estimated Hourly Salary: 4,812 ISK per hour
By working as Millwright a person can save up to 3,112 USD per month or 37,343 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 Millwright

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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