Power Engineer salary in Iceland

Average Yearly Salary of Power Engineer in Iceland is approximately 16,382,092 ISK (114,859 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 Power Engineer do?

A power engineer is a professional responsible for the operation, maintenance, and repair of power generation systems and equipment. They work in various industries such as energy, manufacturing, and utilities. Power engineers ensure the safe and efficient operation of power plants, including boilers, turbines, generators, and electrical systems. Their main duties include monitoring and controlling power generation processes, conducting regular inspections and maintenance, troubleshooting equipment failures, and implementing safety protocols. Power engineers also analyze data, perform calculations, and make adjustments to optimize energy efficiency and minimize environmental impact. Key skills for a power engineer include technical expertise in power generation systems, knowledge of electrical and mechanical engineering principles, problem-solving abilities, attention to detail, and strong communication skills. They may also need to possess relevant certifications and licenses depending on the jurisdiction they work in.

Skills: Power Engineer, Power Generation, Energy Industry, Maintenance and Repair, Electrical Systems, Energy Efficiency
Job industry: Energy

How much does Power Engineer make?

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


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Salary comparison to National average

Is Power Engineer a well paid job?

Yes, our data shows that Power Engineer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Power Engineer?

High salary for Power Engineer would be somewhere between 18,020,301 ISK and 23,754,033 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Power Engineer 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: 16,382,092 ISK
Estimated Monthly Salary: 1,365,174 ISK
Estimated Weekly Salary: 315,040 ISK per week
Estimated Hourly Salary: 7,876 ISK per hour
By working as Power Engineer a person can save up to 6,843 USD per month or 82,113 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 Power Engineer

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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