Real Estate Appraiser Commercial salary in Iceland

Average Yearly Salary of Real Estate Appraiser Commercial in Iceland is approximately 13,649,258 ISK (95,077 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 Real Estate Appraiser Commercial do?

A real estate appraiser in the commercial sector is responsible for evaluating the value of commercial properties. They conduct thorough research and analysis to determine the market value of a property, taking into account factors such as location, size, condition, and comparable sales data. Their primary goal is to provide an accurate assessment of a property's worth, which is crucial for various purposes including buying, selling, financing, insurance, and taxation. Real estate appraisers in the commercial sector typically work for appraisal firms, real estate agencies, banks, or government organizations. They often visit properties to inspect and gather relevant information, and then use their expertise to prepare detailed reports that include their findings, analysis, and conclusions. These reports serve as a valuable tool for property owners, buyers, lenders, and investors to make informed decisions regarding commercial real estate transactions.

Skills: real estate appraiser, commercial property, market valuation, property evaluation, appraisal report, property analysis
Job industry: Real estate

How much does Real Estate Appraiser Commercial make?

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


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Salary comparison to National average

Is Real Estate Appraiser Commercial a well paid job?

Yes, our data shows that Real Estate Appraiser Commercial 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 Real Estate Appraiser Commercial?

High salary for Real Estate Appraiser Commercial would be somewhere between 15,014,184 ISK and 19,791,424 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Appraiser Commercial 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: 13,649,258 ISK
Estimated Monthly Salary: 1,137,438 ISK
Estimated Weekly Salary: 262,486 ISK per week
Estimated Hourly Salary: 6,562 ISK per hour
By working as Real Estate Appraiser Commercial a person can save up to 5,194 USD per month or 62,331 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 Real Estate Appraiser Commercial

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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