Pharmacy Buyer salary in Iceland

Average Yearly Salary of Pharmacy Buyer in Iceland is approximately 7,608,376 ISK (52,964 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 Pharmacy Buyer do?

A pharmacy buyer is responsible for procuring medications and other pharmaceutical supplies for a pharmacy or healthcare facility. They collaborate with suppliers, negotiate pricing and contracts, and ensure the availability of necessary products. Pharmacy buyers must stay updated on industry trends, regulations, and new products to make informed purchasing decisions. They work closely with pharmacists and other healthcare professionals to understand their needs and maintain appropriate stock levels. Additionally, they monitor inventory, track product performance, and analyze data to optimize purchasing strategies. A pharmacy buyer plays a crucial role in ensuring the efficient operation of a pharmacy by managing the supply chain and maintaining cost-effective procurement processes.

Skills: Pharmacy buyer, Medication procurement, Supply chain management, Pharmaceutical supplies, Negotiation skills, Inventory management
Job industry: Healthcare

How much does Pharmacy Buyer make?

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


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Salary comparison to National average

Is Pharmacy Buyer a well paid job?

Yes, our data show that Pharmacy Buyer 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 Pharmacy Buyer?

High salary for Pharmacy Buyer would be somewhere between 8,369,214 ISK and 11,032,145 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Pharmacy Buyer 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: 7,608,376 ISK
Estimated Monthly Salary: 634,031 ISK
Estimated Weekly Salary: 146,315 ISK per week
Estimated Hourly Salary: 3,658 ISK per hour
By working as Pharmacy Buyer a person can save up to 1,685 USD per month or 20,218 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 Pharmacy Buyer

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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