Panel Builder salary in Iceland

Average Yearly Salary of Panel Builder in Iceland is approximately 6,371,984 ISK (44,531 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 Panel Builder do?

A panel builder is responsible for constructing and assembling electrical control panels used in various industries. They interpret electrical schematics and engineering drawings to gather the necessary components and materials required for panel construction. Panel builders then wire and mount the components onto the panel, ensuring proper connections and adherence to safety standards. They also perform quality checks and tests to ensure functionality and troubleshoot any issues that may arise during the construction process. Panel builders work closely with engineers and project managers to ensure that panels are built according to specifications and meet customer requirements. Attention to detail, technical expertise, and knowledge of electrical codes and regulations are essential for this occupation.

Skills: panel builder, electrical control panels, electrical schematics, wiring, quality checks, troubleshooting
Job industry: Electrical

How much does Panel Builder make?

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


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Salary comparison to National average

Is Panel Builder a well paid job?

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

What is considered a high salary for Panel Builder?

High salary for Panel Builder would be somewhere between 7,009,182 ISK and 9,239,377 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Panel Builder 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: 6,371,984 ISK
Estimated Monthly Salary: 530,999 ISK
Estimated Weekly Salary: 122,538 ISK per week
Estimated Hourly Salary: 3,063 ISK per hour
By working as Panel Builder a person can save up to 982 USD per month or 11,785 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 Panel Builder

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.

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Data as of 2025

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