Property Administrator salary in Iceland

Average Yearly Salary of Property Administrator in Iceland is approximately 9,648,636 ISK (67,924 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 Administrator do?

A property administrator is responsible for managing and overseeing various aspects of a property, ensuring its efficient operation and maintenance. They handle tasks such as coordinating repairs, maintaining records, managing leases, and handling tenant inquiries. Property administrators also play a vital role in budgeting and financial management, collecting rent, and ensuring compliance with local regulations and laws. Additionally, they may be involved in marketing and advertising vacant units, conducting property inspections, and negotiating contracts with vendors.

Skills: Property management, Administrative duties, Tenant relations, Financial management, Property maintenance, Lease management
Job industry: Real estate

How much does Property Administrator make?

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


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Salary comparison to National average

Is Property Administrator a well paid job?

Yes, our data show that Property Administrator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Property Administrator?

High salary for Property Administrator would be somewhere between 10,613,500 ISK and 13,990,522 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Property Administrator 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: 9,648,636 ISK
Estimated Monthly Salary: 804,053 ISK
Estimated Weekly Salary: 185,551 ISK per week
Estimated Hourly Salary: 4,639 ISK per hour
By working as Property Administrator a person can save up to 2,932 USD per month or 35,178 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 Administrator

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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