Purchasing Analyst salary in Iceland

Average Yearly Salary of Purchasing Analyst in Iceland is approximately 10,422,515 ISK (73,200 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 Purchasing Analyst do?

A purchasing analyst is responsible for analyzing and managing an organization's procurement activities. They play a crucial role in optimizing the purchasing process, ensuring cost-effectiveness, and maintaining inventory levels. The occupation involves conducting market research to identify potential suppliers, negotiating contracts and pricing terms, and monitoring supplier performance. Purchasing analysts also collaborate with various departments to understand their procurement needs and develop strategies to meet those requirements. They utilize data analysis techniques to evaluate supplier performance, identify cost-saving opportunities, and make informed decisions. Additionally, they maintain accurate records of purchases, track inventory levels, and ensure timely delivery of goods and services. Overall, purchasing analysts contribute to the efficient and cost-effective operation of an organization's supply chain.

Skills: purchasing analyst, procurement, supply chain management, data analysis, supplier management, cost optimization
Job industry: Retail

How much does Purchasing Analyst make?

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


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Salary comparison to National average

Is Purchasing Analyst a well paid job?

Yes, our data show that Purchasing Analyst 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 Purchasing Analyst?

High salary for Purchasing Analyst would be somewhere between 11,464,767 ISK and 15,112,647 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Purchasing Analyst 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: 10,422,515 ISK
Estimated Monthly Salary: 868,543 ISK
Estimated Weekly Salary: 200,433 ISK per week
Estimated Hourly Salary: 5,011 ISK per hour
By working as Purchasing Analyst a person can save up to 3,371 USD per month or 40,454 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 Purchasing Analyst

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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