Product Development Assistant salary in Iceland

Average Yearly Salary of Product Development Assistant in Iceland is approximately 8,835,180 ISK (61,426 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 Development Assistant do?

A product development assistant is responsible for supporting the product development team in various tasks related to the creation and launch of new products. They assist in conducting market research, analyzing consumer trends, and identifying potential product opportunities. Their role involves collaborating with cross-functional teams, such as design, marketing, and production, to ensure smooth execution of product development initiatives. They may assist in preparing product briefs, creating prototypes, and coordinating product testing and feedback sessions. Additionally, they help in monitoring competitor activities, conducting product performance analysis, and making recommendations for product improvements. A product development assistant also plays a crucial role in maintaining accurate documentation, managing product databases, and ensuring effective communication among team members.

Skills: product development, market research, consumer trends, cross-functional collaboration, product testing, documentation management
Job industry: Manufacturing

How much does Product Development Assistant make?

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


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Salary comparison to National average

Is Product Development Assistant a well paid job?

Yes, our data show that Product Development Assistant 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 Product Development Assistant?

High salary for Product Development Assistant would be somewhere between 9,718,698 ISK and 12,811,011 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Assistant 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: 8,835,180 ISK
Estimated Monthly Salary: 736,265 ISK
Estimated Weekly Salary: 169,907 ISK per week
Estimated Hourly Salary: 4,248 ISK per hour
By working as Product Development Assistant a person can save up to 2,390 USD per month or 28,680 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 Development Assistant

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.

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Data as of 2025

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