Purchasing Manager salary in Iceland

Average Yearly Salary of Purchasing Manager in Iceland is approximately 13,679,162 ISK (95,628 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 Manager do?

A purchasing manager is responsible for overseeing the procurement of goods and services for an organization. They play a crucial role in ensuring that the company has the necessary resources to operate efficiently. The occupation involves analyzing supply market trends, negotiating with suppliers, managing inventory levels, and developing strategies to optimize cost and quality. Purchasing managers also work closely with other departments to understand their needs and ensure timely delivery of goods and services. Strong analytical skills, negotiation abilities, and knowledge of supply chain management are essential for this role. Additionally, they must stay updated on industry trends and maintain relationships with suppliers to secure favorable terms. The occupation requires excellent organizational and communication skills to coordinate with various stakeholders and ensure smooth operations.

Skills: Purchasing manager, Procurement, Supply chain management, Negotiation, Inventory management, Supplier relationship management
Job industry: Supply chain management

How much does Purchasing Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Purchasing Manager a well paid job?

Yes, our data shows that Purchasing Manager 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 Purchasing Manager?

High salary for Purchasing Manager would be somewhere between 15,047,078 ISK and 19,834,785 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Purchasing Manager 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: 13,679,162 ISK
Estimated Monthly Salary: 1,139,930 ISK
Estimated Weekly Salary: 263,061 ISK per week
Estimated Hourly Salary: 6,577 ISK per hour
By working as Purchasing Manager a person can save up to 5,240 USD per month or 62,882 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 Manager

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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