Payroll Coordinator salary in Iceland

Average Yearly Salary of Payroll Coordinator in Iceland is approximately 8,014,802 ISK (56,061 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 Payroll Coordinator do?

A payroll coordinator is responsible for managing and processing all aspects of payroll within an organization. They ensure that employees are paid accurately and on time, while complying with relevant laws and regulations. This role involves gathering and verifying employee data, calculating wages and deductions, and preparing payroll reports. Payroll coordinators also handle any payroll-related inquiries or issues from employees, and may assist in resolving discrepancies or errors. Additionally, they maintain payroll records, update employee information, and stay up-to-date with changes in payroll laws and regulations. Attention to detail, strong numerical skills, and knowledge of payroll software are essential for this position.

Skills: Payroll, Coordinator, Payroll Processing, Wage Calculation, Payroll Compliance, Employee Data Management
Job industry: Human resources

How much does Payroll Coordinator make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Payroll Coordinator a well paid job?

Yes, our data show that Payroll Coordinator 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 Payroll Coordinator?

High salary for Payroll Coordinator would be somewhere between 8,816,282 ISK and 11,621,463 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Payroll Coordinator 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: 8,014,802 ISK
Estimated Monthly Salary: 667,900 ISK
Estimated Weekly Salary: 154,131 ISK per week
Estimated Hourly Salary: 3,853 ISK per hour
By working as Payroll Coordinator a person can save up to 1,943 USD per month or 23,315 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 Payroll Coordinator

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

Random salary:
Warranty representative (10,146,878 ISK per year, pre-tax.)
Art director (13,777,004 ISK per year, pre-tax.)
Biomedical engineering manager (17,013,568 ISK per year, pre-tax.)
Radiology scheduling clerk (5,422,989 ISK per year, pre-tax.)
Freelance writer (7,786,258 ISK per year, pre-tax.)

Feedback about these results