Home > Salary > Iceland > Price Analyst
A price analyst is responsible for analyzing market trends, pricing strategies, and competitor pricing to determine optimal pricing for products or services. They collect and analyze data on pricing, sales, and customer behavior to identify pricing opportunities and risks. Price analysts collaborate with sales and marketing teams to develop pricing strategies that maximize profitability while remaining competitive in the market. They may also conduct market research to understand customer preferences and demand elasticity to inform pricing decisions. Additionally, price analysts monitor and evaluate the effectiveness of pricing strategies, making adjustments as necessary to meet business objectives.
Estimated Yearly Salary: 12,035,338 ISK
Estimated Monthly Salary: 1,002,945 ISK
Estimated Weekly Salary: 231,449 ISK per week
Estimated Hourly Salary: 5,786 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 965,870 ISK
Estimated Weekly Salary: 222,893 ISK per week
Estimated Hourly Salary: 5,572 ISK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 83,741 USD
Estimated Monthly Salary: 6,978 USD
Estimated Weekly Salary: 1,610 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 12,035,338 ISK
Estimated Monthly Salary: 1,002,945 ISK
Estimated Weekly Salary: 231,449 ISK per week
Estimated Hourly Salary: 5,786 ISK per hour
By working as Price Analyst a person can save up to 4,250 USD per month or 50,995 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.
Estimated Yearly Salary for Price Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Risk management director (17,239,546 ISK per year, pre-tax.)
Salesperson salesman saleswoman (3,716,726 ISK per year, pre-tax.)
Assistant editor (6,089,135 ISK per year, pre-tax.)
Research development (rd), manager pharmaceuticals (19,152,559 ISK per year, pre-tax.)
Executive chef (10,023,703 ISK per year, pre-tax.)
Price Analyst salary in Iceland
Average Yearly Salary of Price Analyst in Iceland is approximately 12,035,338 ISK (83,741 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 Price Analyst do?
A price analyst is responsible for analyzing market trends, pricing strategies, and competitor pricing to determine optimal pricing for products or services. They collect and analyze data on pricing, sales, and customer behavior to identify pricing opportunities and risks. Price analysts collaborate with sales and marketing teams to develop pricing strategies that maximize profitability while remaining competitive in the market. They may also conduct market research to understand customer preferences and demand elasticity to inform pricing decisions. Additionally, price analysts monitor and evaluate the effectiveness of pricing strategies, making adjustments as necessary to meet business objectives.
Skills: price analysis, market research, pricing strategies, competitor pricing, data analysis, profitability
Job industry: Finance
Job industry: Finance
How much does Price Analyst make?
Salary details
How much does Price Analyst make?Estimated Yearly Salary: 12,035,338 ISK
Estimated Monthly Salary: 1,002,945 ISK
Estimated Weekly Salary: 231,449 ISK per week
Estimated Hourly Salary: 5,786 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,590,436 ISKEstimated Monthly Salary: 965,870 ISK
Estimated Weekly Salary: 222,893 ISK per week
Estimated Hourly Salary: 5,572 ISK per hour
Last revision of data: 2024-01-07Price Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 83,741 USD
Estimated Monthly Salary: 6,978 USD
Estimated Weekly Salary: 1,610 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Price Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Price Analyst in Iceland earns on average:
1.34 times the average salary (or 134% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Price Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Price Analyst in Iceland earns on average:
1.34 times the average salary (or 134% of average salary).
Is Price Analyst a well paid job?
Yes, our data shows that Price Analyst 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 Price Analyst?
High salary for Price Analyst would be somewhere between 13,238,872 ISK and 17,451,240 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Price Analyst 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: 12,035,338 ISK
Estimated Monthly Salary: 1,002,945 ISK
Estimated Weekly Salary: 231,449 ISK per week
Estimated Hourly Salary: 5,786 ISK per hour
By working as Price Analyst a person can save up to 4,250 USD per month or 50,995 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 Price Analyst
Norway is 117,644 USD
United Kingdom is 55,125 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Risk management director (17,239,546 ISK per year, pre-tax.)
Salesperson salesman saleswoman (3,716,726 ISK per year, pre-tax.)
Assistant editor (6,089,135 ISK per year, pre-tax.)
Research development (rd), manager pharmaceuticals (19,152,559 ISK per year, pre-tax.)
Executive chef (10,023,703 ISK per year, pre-tax.)
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