Public Accountant salary in Iceland

Average Yearly Salary of Public Accountant in Iceland is approximately 11,430,182 ISK (80,064 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 Public Accountant do?

A public accountant is a professional who provides accounting services to clients in the public sector. They are responsible for maintaining financial records, preparing financial statements, and ensuring compliance with regulations and tax laws. Public accountants work with individuals, businesses, nonprofit organizations, and government agencies to manage their finances effectively. Their duties include conducting audits, analyzing financial data, providing tax planning and preparation services, and offering financial advice to clients. Public accountants must possess strong analytical skills, attention to detail, and a deep understanding of accounting principles and practices. They often work in collaboration with other professionals, such as tax consultants and auditors, to ensure accurate financial reporting.

Skills: public accountant, accounting services, financial records, financial statements, tax compliance, financial advice
Job industry: Accounting

How much does Public Accountant make?

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


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Salary comparison to National average

Is Public Accountant a well paid job?

Yes, our data shows that Public 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 Public Accountant?

High salary for Public Accountant would be somewhere between 12,573,200 ISK and 16,573,764 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Public 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: 11,430,182 ISK
Estimated Monthly Salary: 952,515 ISK
Estimated Weekly Salary: 219,811 ISK per week
Estimated Hourly Salary: 5,495 ISK per hour
By working as Public Accountant a person can save up to 3,943 USD per month or 47,318 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 Public 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

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