Project Manager Engineering salary in Iceland

Average Yearly Salary of Project Manager Engineering in Iceland is approximately 18,456,877 ISK (129,676 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 Project Manager Engineering do?

A project manager in engineering is responsible for overseeing and managing engineering projects from conception to completion. They collaborate with cross-functional teams, including engineers, architects, and designers, to ensure that projects are delivered on time, within budget, and meet the required specifications. Their duties include developing project plans, setting project goals and objectives, allocating resources, tracking progress, and ensuring quality control. The project manager also plays a vital role in risk management by identifying potential risks and implementing mitigation strategies. They are responsible for effective communication with stakeholders, providing regular project updates, and resolving any conflicts or issues that may arise during the project lifecycle. Additionally, they may be involved in contract negotiation, procurement, and vendor management.

Skills: Project Management, Engineering, Construction, Planning, Resource Allocation, Risk Management
Job industry: Engineering

How much does Project Manager Engineering make?

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


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Salary comparison to National average

Is Project Manager Engineering a well paid job?

Yes, our data show that Project Manager Engineering is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Project Manager Engineering?

High salary for Project Manager Engineering would be somewhere between 20,302,565 ISK and 26,762,472 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Project Manager Engineering 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: 18,456,877 ISK
Estimated Monthly Salary: 1,538,073 ISK
Estimated Weekly Salary: 354,940 ISK per week
Estimated Hourly Salary: 8,873 ISK per hour
By working as Project Manager Engineering a person can save up to 8,078 USD per month or 96,930 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 Project Manager Engineering

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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