Product Development Intern salary in Iceland

Average Yearly Salary of Product Development Intern in Iceland is approximately 6,389,046 ISK (44,742 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 Intern do?

A product development intern is responsible for assisting in the creation and enhancement of new products or services within a company. They work closely with product managers, engineers, and designers to understand customer needs, conduct market research, and develop prototypes. The intern may be involved in brainstorming sessions, contributing ideas and suggestions for product improvements. They assist in conducting user testing and gathering feedback to inform product iterations. Additionally, the intern may help create product documentation, such as user manuals or specifications, and support the team in coordinating product launches and marketing activities. This role provides valuable hands-on experience in the product development lifecycle and allows interns to gain insights into various aspects of the business.

Skills: product development, intern, market research, prototyping, product management, user testing
Job industry: Technology

How much does Product Development Intern make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Product Development Intern a well paid job?

No, our data shows that Product Development Intern is typically not a well-paid job. The salary varies based on experience. Meaning that even though Product Development Intern might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Product Development Intern?

High salary for Product Development Intern would be somewhere between 7,027,951 ISK and 9,264,117 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Intern 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: 6,389,046 ISK
Estimated Monthly Salary: 532,421 ISK
Estimated Weekly Salary: 122,866 ISK per week
Estimated Hourly Salary: 3,072 ISK per hour
By working as Product Development Intern a person can save up to 1,000 USD per month or 11,996 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 Intern

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

Random salary:
Automation engineering technician (8,144,275 ISK per year, pre-tax.)
Music critic (7,512,626 ISK per year, pre-tax.)
Regional business development manager (16,056,469 ISK per year, pre-tax.)
Ceramic engineer (11,187,227 ISK per year, pre-tax.)
Development coordinator non-profit organization (6,712,336 ISK per year, pre-tax.)

Feedback about these results