Home > Salary > Iceland > Principal Mechanical Engineer
A principal mechanical engineer is a highly skilled professional responsible for leading and overseeing mechanical engineering projects. They play a crucial role in the design, development, and implementation of mechanical systems and components. Their main tasks include conducting research, analyzing data, and creating technical specifications. They collaborate closely with other engineers and professionals to ensure that projects meet quality standards and adhere to safety regulations. Additionally, they provide guidance and mentorship to junior engineers, review and approve project plans, and manage budgets and resources. This occupation requires strong analytical and problem-solving skills, as well as a deep understanding of mechanical engineering principles and practices.
Estimated Yearly Salary: 23,043,049 ISK
Estimated Monthly Salary: 1,920,254 ISK
Estimated Weekly Salary: 443,136 ISK per week
Estimated Hourly Salary: 11,078 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,860,859 ISK
Estimated Weekly Salary: 429,429 ISK per week
Estimated Hourly Salary: 10,736 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 162,211 USD
Estimated Monthly Salary: 13,518 USD
Estimated Weekly Salary: 3,119 USD per week
Estimated Hourly Salary: 78 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 23,043,049 ISK
Estimated Monthly Salary: 1,920,254 ISK
Estimated Weekly Salary: 443,136 ISK per week
Estimated Hourly Salary: 11,078 ISK per hour
By working as Principal Mechanical Engineer a person can save up to 10,789 USD per month or 129,465 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 Principal Mechanical Engineer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Escalation engineer (12,336,499 ISK per year, pre-tax.)
Ethnomusicologist (11,165,154 ISK per year, pre-tax.)
Universal saw operator (6,592,729 ISK per year, pre-tax.)
Fireman (7,607,315 ISK per year, pre-tax.)
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Principal Mechanical Engineer salary in Iceland
Average Yearly Salary of Principal Mechanical Engineer in Iceland is approximately 23,043,049 ISK (162,211 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 Principal Mechanical Engineer do?
A principal mechanical engineer is a highly skilled professional responsible for leading and overseeing mechanical engineering projects. They play a crucial role in the design, development, and implementation of mechanical systems and components. Their main tasks include conducting research, analyzing data, and creating technical specifications. They collaborate closely with other engineers and professionals to ensure that projects meet quality standards and adhere to safety regulations. Additionally, they provide guidance and mentorship to junior engineers, review and approve project plans, and manage budgets and resources. This occupation requires strong analytical and problem-solving skills, as well as a deep understanding of mechanical engineering principles and practices.
Skills: Principal Mechanical Engineer, Mechanical Engineering, Project Management, Design and Development, Technical Specifications, Leadership
Job industry: Engineering
Job industry: Engineering
How much does Principal Mechanical Engineer make?
Salary details
How much does Principal Mechanical Engineer make?Estimated Yearly Salary: 23,043,049 ISK
Estimated Monthly Salary: 1,920,254 ISK
Estimated Weekly Salary: 443,136 ISK per week
Estimated Hourly Salary: 11,078 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 22,330,308 ISKEstimated Monthly Salary: 1,860,859 ISK
Estimated Weekly Salary: 429,429 ISK per week
Estimated Hourly Salary: 10,736 ISK per hour
Last revision of data: 2024-01-09Principal Mechanical Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 162,211 USD
Estimated Monthly Salary: 13,518 USD
Estimated Weekly Salary: 3,119 USD per week
Estimated Hourly Salary: 78 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Principal Mechanical Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Principal Mechanical Engineer in Iceland earns on average:
2.57 times the average salary (or 257% 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 Principal Mechanical Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Principal Mechanical Engineer in Iceland earns on average:
2.57 times the average salary (or 257% of average salary).
Is Principal Mechanical Engineer a well paid job?
Yes, our data show that Principal Mechanical Engineer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Principal Mechanical Engineer?
High salary for Principal Mechanical Engineer would be somewhere between 25,347,354 ISK and 33,412,421 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Principal Mechanical 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: 23,043,049 ISK
Estimated Monthly Salary: 1,920,254 ISK
Estimated Weekly Salary: 443,136 ISK per week
Estimated Hourly Salary: 11,078 ISK per hour
By working as Principal Mechanical Engineer a person can save up to 10,789 USD per month or 129,465 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 Principal Mechanical Engineer
Norway is 226,814 USD
United Kingdom is 106,329 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:
Escalation engineer (12,336,499 ISK per year, pre-tax.)
Ethnomusicologist (11,165,154 ISK per year, pre-tax.)
Universal saw operator (6,592,729 ISK per year, pre-tax.)
Fireman (7,607,315 ISK per year, pre-tax.)
Tool crib supervisor (7,337,044 ISK per year, pre-tax.)
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