Repossessor salary in Iceland

Average Yearly Salary of Repossessor in Iceland is approximately 6,067,651 ISK (42,329 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 Repossessor do?

A repossessor is an individual responsible for reclaiming or repossessing assets, typically vehicles, on behalf of creditors or financial institutions. This occupation involves locating and recovering items from individuals who have defaulted on their loans or lease agreements. Repossessors often work in the field, tracking down the delinquent borrowers and negotiating with them to regain possession of the assets. They may need to use various techniques to secure the items, such as towing or legally entering private property. Additionally, repossessors must accurately document their actions and maintain legal compliance throughout the repossession process.

Skills: Repossessor, Asset Recovery, Debt Collection, Financial Services, Vehicle Repossession, Field Operations
Job industry: Automotive

How much does Repossessor make?

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


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Salary comparison to National average

Is Repossessor a well paid job?

No, our data shows that Repossessor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Repossessor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Repossessor?

High salary for Repossessor would be somewhere between 6,674,416 ISK and 8,798,094 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Repossessor 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: 6,067,651 ISK
Estimated Monthly Salary: 505,638 ISK
Estimated Weekly Salary: 116,686 ISK per week
Estimated Hourly Salary: 2,917 ISK per hour
By working as Repossessor a person can save up to 799 USD per month or 9,583 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 Repossessor

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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