Home > Salary > Iceland > Product Owner
The occupation of a Product Owner involves being responsible for the development and management of a product or service throughout its lifecycle. They work closely with stakeholders, customers, and development teams to define product vision, gather requirements, prioritize features, and ensure timely delivery. The Product Owner acts as the bridge between the business and technical teams, ensuring that the product meets customer needs and aligns with business goals. They also conduct market research, analyze competition, and stay updated on industry trends to make informed decisions.
Estimated Yearly Salary: 17,444,135 ISK
Estimated Monthly Salary: 1,453,678 ISK
Estimated Weekly Salary: 335,464 ISK per week
Estimated Hourly Salary: 8,387 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,400,065 ISK
Estimated Weekly Salary: 323,092 ISK per week
Estimated Hourly Salary: 8,077 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 121,471 USD
Estimated Monthly Salary: 10,123 USD
Estimated Weekly Salary: 2,336 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 17,444,135 ISK
Estimated Monthly Salary: 1,453,678 ISK
Estimated Weekly Salary: 335,464 ISK per week
Estimated Hourly Salary: 8,387 ISK per hour
By working as Product Owner a person can save up to 7,394 USD per month or 88,725 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.
Estimated Yearly Salary for Product Owner
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Lawyer public interest (12,866,425 ISK per year, pre-tax.)
Chief operating officer non-profit organization (20,097,220 ISK per year, pre-tax.)
Mammography technician (9,549,675 ISK per year, pre-tax.)
Stock room clerkoffice (4,564,362 ISK per year, pre-tax.)
Access coordinator (4,902,930 ISK per year, pre-tax.)
Product Owner salary in Iceland
Average Yearly Salary of Product Owner in Iceland is approximately 17,444,135 ISK (121,471 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 Owner do?
The occupation of a Product Owner involves being responsible for the development and management of a product or service throughout its lifecycle. They work closely with stakeholders, customers, and development teams to define product vision, gather requirements, prioritize features, and ensure timely delivery. The Product Owner acts as the bridge between the business and technical teams, ensuring that the product meets customer needs and aligns with business goals. They also conduct market research, analyze competition, and stay updated on industry trends to make informed decisions.
Skills: Product Owner, Agile Product Management, Product Development, Stakeholder Management, Requirement Gathering, Product Strategy
Job industry: Software development
Job industry: Software development
How much does Product Owner make?
Salary details
How much does Product Owner make?Estimated Yearly Salary: 17,444,135 ISK
Estimated Monthly Salary: 1,453,678 ISK
Estimated Weekly Salary: 335,464 ISK per week
Estimated Hourly Salary: 8,387 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,800,784 ISKEstimated Monthly Salary: 1,400,065 ISK
Estimated Weekly Salary: 323,092 ISK per week
Estimated Hourly Salary: 8,077 ISK per hour
Last revision of data: 2024-01-05Product Owner estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 121,471 USD
Estimated Monthly Salary: 10,123 USD
Estimated Weekly Salary: 2,336 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Product Owner job salary compared to average salary in Iceland.
Comparison shows that a person working as Product Owner in Iceland earns on average:
1.95 times the average salary (or 195% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Product Owner job salary compared to average salary in Iceland.
Comparison shows that a person working as Product Owner in Iceland earns on average:
1.95 times the average salary (or 195% of average salary).
Is Product Owner a well paid job?
Yes, our data shows that Product Owner 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 Owner?
High salary for Product Owner would be somewhere between 19,188,549 ISK and 25,293,996 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Product Owner 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: 17,444,135 ISK
Estimated Monthly Salary: 1,453,678 ISK
Estimated Weekly Salary: 335,464 ISK per week
Estimated Hourly Salary: 8,387 ISK per hour
By working as Product Owner a person can save up to 7,394 USD per month or 88,725 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 Owner
Norway is 169,652 USD
United Kingdom is 79,862 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Lawyer public interest (12,866,425 ISK per year, pre-tax.)
Chief operating officer non-profit organization (20,097,220 ISK per year, pre-tax.)
Mammography technician (9,549,675 ISK per year, pre-tax.)
Stock room clerkoffice (4,564,362 ISK per year, pre-tax.)
Access coordinator (4,902,930 ISK per year, pre-tax.)
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