Product Design Manager salary in Iceland

Average Yearly Salary of Product Design Manager in Iceland is approximately 23,546,437 ISK (164,250 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 Product Design Manager do?

A product design manager is responsible for overseeing the design and development of new products or enhancements to existing products. They work closely with cross-functional teams, including engineers, marketers, and manufacturers, to ensure that the product meets customer needs and aligns with the company's goals. The occupation involves managing the entire product design process, from conception to launch, and includes tasks such as conducting market research, creating design briefs, collaborating with designers, and evaluating prototypes. A product design manager also monitors industry trends, customer feedback, and competitor offerings to identify opportunities for innovation and improvement. They must have excellent communication and leadership skills, as they often need to coordinate and motivate team members to meet project deadlines and deliver high-quality products.

Skills: Product Design Manager, Design Development, Cross-functional Collaboration, Market Research, Innovation, Project Management
Job industry: Manufacturing

How much does Product Design Manager make?

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


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Salary comparison to National average

Is Product Design Manager a well paid job?

Yes, our data show that Product Design Manager 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 Product Design Manager?

High salary for Product Design Manager would be somewhere between 25,901,081 ISK and 34,142,334 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Design Manager 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: 23,546,437 ISK
Estimated Monthly Salary: 1,962,203 ISK
Estimated Weekly Salary: 452,816 ISK per week
Estimated Hourly Salary: 11,320 ISK per hour
By working as Product Design Manager a person can save up to 10,959 USD per month or 131,504 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 Product Design Manager

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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