Real Estate Appraiser Residential salary in Iceland

Average Yearly Salary of Real Estate Appraiser Residential in Iceland is approximately 11,227,292 ISK (78,526 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 Residential do?

A real estate appraiser specializing in residential properties is responsible for assessing the value of homes and providing accurate appraisals. They conduct thorough evaluations of various factors such as property condition, location, size, amenities, and recent sales data to determine an accurate market value. Real estate appraisers also consider any improvements or renovations made to the property that may affect its worth. Their primary duties include conducting on-site inspections, analyzing comparable properties, researching market trends, and preparing detailed appraisal reports. They work closely with homeowners, real estate agents, and financial institutions to ensure fair and unbiased assessments. Real estate appraisers must possess strong analytical skills, attention to detail, and knowledge of local real estate markets and regulations.

Skills: real estate, appraiser, residential, property valuation, market analysis, inspection
Job industry: Real estate

How much does Real Estate Appraiser Residential 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 Residential a well paid job?

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

High salary for Real Estate Appraiser Residential would be somewhere between 12,350,021 ISK and 16,279,573 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Appraiser Residential 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: 11,227,292 ISK
Estimated Monthly Salary: 935,608 ISK
Estimated Weekly Salary: 215,909 ISK per week
Estimated Hourly Salary: 5,398 ISK per hour
By working as Real Estate Appraiser Residential a person can save up to 3,815 USD per month or 45,780 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 Residential

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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