Reliability Engineer salary in Iceland

Average Yearly Salary of Reliability Engineer in Iceland is approximately 17,452,227 ISK (121,816 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 Reliability Engineer do?

A reliability engineer is responsible for ensuring the performance, quality, and reliability of a product or system throughout its lifecycle. They analyze data, conduct tests, and implement strategies to identify and address potential failures or issues that may arise. This includes developing maintenance plans, conducting root cause analysis, and implementing corrective actions to improve product reliability. Reliability engineers work closely with cross-functional teams to gather and analyze data, monitor performance metrics, and provide recommendations for product improvements or enhancements. They also play a vital role in risk assessment and management, helping to minimize downtime, optimize performance, and enhance customer satisfaction. Key skills for a reliability engineer include strong analytical and problem-solving abilities, knowledge of statistical analysis techniques, proficiency in data analysis tools, and excellent communication and collaboration skills.

Skills: Reliability Engineer, Product Performance, Quality Assurance, Risk Management, Root Cause Analysis, Data Analysis
Job industry: Engineering

How much does Reliability Engineer make?

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


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Salary comparison to National average

Is Reliability Engineer a well paid job?

Yes, our data shows that Reliability Engineer 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 Reliability Engineer?

High salary for Reliability Engineer would be somewhere between 19,197,450 ISK and 25,305,729 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Reliability Engineer 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: 17,452,227 ISK
Estimated Monthly Salary: 1,454,352 ISK
Estimated Weekly Salary: 335,620 ISK per week
Estimated Hourly Salary: 8,390 ISK per hour
By working as Reliability Engineer a person can save up to 7,423 USD per month or 89,070 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 Reliability Engineer

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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