Product Development Manager salary in Iceland

Average Yearly Salary of Product Development Manager in Iceland is approximately 16,573,444 ISK (116,077 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 Manager do?

A Product Development Manager is responsible for overseeing the entire process of developing new products or improving existing ones. They collaborate with cross-functional teams, including marketing, engineering, design, and manufacturing, to ensure the successful launch of products that meet customer needs and align with company goals. The role involves conducting market research, identifying consumer trends, and analyzing competitor products to generate innovative ideas for product development. Product Development Managers also create project plans, set timelines, and manage budgets to ensure timely and cost-effective product launches. They coordinate with various stakeholders to gather requirements, provide feedback, and make necessary modifications throughout the development cycle. Additionally, they monitor product performance, analyze customer feedback, and identify areas for improvement to enhance product quality and customer satisfaction.

Skills: Product Development Manager, New Product Development, Innovation, Project Management, Market Research, Product Launch
Job industry: Manufacturing

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

Yes, our data shows that Product Development Manager is a 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 Development Manager?

High salary for Product Development Manager would be somewhere between 18,230,788 ISK and 24,031,494 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development 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: 16,573,444 ISK
Estimated Monthly Salary: 1,381,120 ISK
Estimated Weekly Salary: 318,720 ISK per week
Estimated Hourly Salary: 7,968 ISK per hour
By working as Product Development Manager a person can save up to 6,944 USD per month or 83,331 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 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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