Real Estate Development Project Manager salary in Iceland

Average Yearly Salary of Real Estate Development Project Manager in Iceland is approximately 16,436,670 ISK (114,995 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 Development Project Manager do?

A real estate development project manager is responsible for overseeing the planning, design, and construction of real estate projects. They work closely with architects, engineers, contractors, and other professionals to ensure that the project is completed on time, within budget, and according to the client's specifications. The project manager is involved in every stage of the development process, from site selection and feasibility studies to obtaining permits and managing the construction phase. They are responsible for coordinating all aspects of the project, including budgeting, scheduling, and quality control. Additionally, they may be involved in marketing and leasing activities for the completed project. This role requires strong organizational and communication skills, as well as a deep understanding of real estate development processes.

Skills: Real Estate, Development, Project Manager, Construction, Planning, Budgeting
Job industry: Real estate

How much does Real Estate Development Project 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 Real Estate Development Project Manager a well paid job?

Yes, our data shows that Real Estate Development Project 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 Real Estate Development Project Manager?

High salary for Real Estate Development Project Manager would be somewhere between 18,080,337 ISK and 23,833,172 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Development Project 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: 16,436,670 ISK
Estimated Monthly Salary: 1,369,723 ISK
Estimated Weekly Salary: 316,090 ISK per week
Estimated Hourly Salary: 7,902 ISK per hour
By working as Real Estate Development Project Manager a person can save up to 6,854 USD per month or 82,249 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 Development Project 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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