Production Manager Manufacturing salary in Iceland

Average Yearly Salary of Production Manager Manufacturing in Iceland is approximately 14,366,160 ISK (100,863 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 Production Manager Manufacturing do?

A production manager in manufacturing is responsible for overseeing the entire production process within a manufacturing facility. They are in charge of ensuring that goods are produced efficiently, on time, and within budget. This includes coordinating with different departments such as procurement, quality control, and maintenance to ensure smooth operations. The production manager is also responsible for setting production goals, monitoring progress, and implementing strategies to improve productivity and reduce waste. They must have strong leadership skills to manage and motivate a team of workers, as well as problem-solving abilities to address any issues that may arise during production. Additionally, they need to stay updated with industry trends and technologies to optimize manufacturing processes.

Skills: Production Manager, Manufacturing, Operations Management, Supply Chain, Leadership, Efficiency
Job industry: Manufacturing

How much does Production Manager Manufacturing make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Production Manager Manufacturing a well paid job?

Yes, our data shows that Production Manager Manufacturing 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 Production Manager Manufacturing?

High salary for Production Manager Manufacturing would be somewhere between 15,802,776 ISK and 20,830,932 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Production Manager Manufacturing 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: 14,366,160 ISK
Estimated Monthly Salary: 1,197,180 ISK
Estimated Weekly Salary: 276,272 ISK per week
Estimated Hourly Salary: 6,907 ISK per hour
By working as Production Manager Manufacturing a person can save up to 5,676 USD per month or 68,117 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 Production Manager Manufacturing

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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