Product Development Coordinator salary in Iceland

Average Yearly Salary of Product Development Coordinator in Iceland is approximately 9,657,696 ISK (67,510 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 Coordinator do?

A Product Development Coordinator is responsible for overseeing the entire product development process, from concept to launch. They work closely with various teams such as marketing, design, engineering, and production to ensure that products are developed and delivered on time and within budget. The coordinator conducts market research to identify consumer needs and trends, assists in creating product specifications, and collaborates with designers to develop prototypes. They also coordinate product testing, collect feedback, and make necessary adjustments to improve the product. Additionally, they manage communication between different departments, track project progress, and ensure that all stakeholders are updated regularly.

Skills: Product Development, Project Management, Market Research, Product Testing, Collaboration, Communication
Job industry: Manufacturing

How much does Product Development Coordinator 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 Development Coordinator a well paid job?

Yes, our data show that Product Development Coordinator 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 Coordinator?

High salary for Product Development Coordinator would be somewhere between 10,623,466 ISK and 14,003,659 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Coordinator 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: 9,657,696 ISK
Estimated Monthly Salary: 804,808 ISK
Estimated Weekly Salary: 185,725 ISK per week
Estimated Hourly Salary: 4,643 ISK per hour
By working as Product Development Coordinator a person can save up to 2,897 USD per month or 34,764 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 Coordinator

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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