Property Accountant salary in Iceland

Average Yearly Salary of Property Accountant in Iceland is approximately 11,119,784 ISK (77,871 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 Property Accountant do?

A property accountant is responsible for managing the financial records and transactions related to real estate properties. They oversee the financial aspects of property management, including rent collection, lease agreements, property taxes, and maintenance expenses. Property accountants ensure accurate and timely recording of financial data, prepare financial statements, and analyze financial performance. They may also handle budgeting, forecasting, and cash flow management for multiple properties or portfolios. Additionally, property accountants may collaborate with property managers, owners, and tenants to resolve financial issues and provide financial insights. Attention to detail, knowledge of accounting principles, and proficiency in relevant software systems are essential for this role.

Skills: Property accountant, Real estate accounting, Financial management, Lease administration, Budgeting and forecasting, Cash flow management
Job industry: Real estate

How much does Property Accountant 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 Property Accountant a well paid job?

Yes, our data shows that Property Accountant 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 Property Accountant?

High salary for Property Accountant would be somewhere between 12,231,762 ISK and 16,123,687 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Property Accountant 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: 11,119,784 ISK
Estimated Monthly Salary: 926,649 ISK
Estimated Weekly Salary: 213,842 ISK per week
Estimated Hourly Salary: 5,346 ISK per hour
By working as Property Accountant a person can save up to 3,760 USD per month or 45,125 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 Property Accountant

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:
Senior principal process engineer (24,031,579 ISK per year, pre-tax.)
Judicial assistant (8,168,452 ISK per year, pre-tax.)
Sales person (4,678,674 ISK per year, pre-tax.)
Quality consultant (9,331,518 ISK per year, pre-tax.)
Electrical lineman (8,066,141 ISK per year, pre-tax.)

Feedback about these results