Purchasing Officer salary in Iceland

Average Yearly Salary of Purchasing Officer in Iceland is approximately 8,028,341 ISK (56,286 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 Officer do?

A purchasing officer is responsible for procuring goods and services required by an organization. They play a crucial role in managing the procurement process, from identifying suppliers and negotiating contracts to ensuring timely delivery and maintaining inventory levels. Purchasing officers analyze market trends, evaluate supplier performance, and seek cost-effective solutions to meet the organization's needs while adhering to budgetary constraints. They collaborate with various departments to understand their requirements and develop effective procurement strategies. Attention to detail, strong negotiation skills, and knowledge of procurement regulations are essential for success in this role.

Skills: Purchasing, Procurement, Supplier Management, Negotiation, Inventory Control, Cost Optimization.
Job industry: Procurement

How much does Purchasing Officer 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 Officer a well paid job?

Yes, our data show that Purchasing Officer 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 Officer?

High salary for Purchasing Officer would be somewhere between 8,831,175 ISK and 11,641,094 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Purchasing Officer 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: 8,028,341 ISK
Estimated Monthly Salary: 669,028 ISK
Estimated Weekly Salary: 154,391 ISK per week
Estimated Hourly Salary: 3,860 ISK per hour
By working as Purchasing Officer a person can save up to 1,962 USD per month or 23,540 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 Officer

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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