Real Estate Associate salary in Iceland

Average Yearly Salary of Real Estate Associate in Iceland is approximately 12,647,639 ISK (88,579 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 Associate do?

A real estate associate is a professional who assists clients in buying, selling, and renting properties. They work closely with clients to understand their needs and preferences, conduct property searches, arrange property viewings, negotiate deals, and complete necessary paperwork. Real estate associates also provide market analysis, evaluate property values, and stay updated on current real estate trends. They may collaborate with other professionals such as appraisers, inspectors, and mortgage brokers to ensure a smooth transaction process. Excellent communication and interpersonal skills are essential for building relationships with clients and effectively negotiating deals. Real estate associates must also have a deep understanding of the local real estate market, legal regulations, and finance options. Overall, their role is to guide clients through the complex process of buying or selling a property while ensuring their best interests are represented.

Skills: Real estate, Property sales, Property rentals, Market analysis, Negotiation, Client relationships
Job industry: Real estate

How much does Real Estate Associate make?

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


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Salary comparison to National average

Is Real Estate Associate a well paid job?

Yes, our data shows that Real Estate Associate 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 Associate?

High salary for Real Estate Associate would be somewhere between 13,912,403 ISK and 18,339,077 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Associate 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: 12,647,639 ISK
Estimated Monthly Salary: 1,053,970 ISK
Estimated Weekly Salary: 243,224 ISK per week
Estimated Hourly Salary: 6,081 ISK per hour
By working as Real Estate Associate a person can save up to 4,653 USD per month or 55,833 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 Associate

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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