Research Analyst salary in Iceland

Average Yearly Salary of Research Analyst in Iceland is approximately 11,242,187 ISK (78,667 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 Research Analyst do?

A research analyst is a professional who gathers and analyzes data to provide insights and recommendations for decision-making purposes. They work in various industries, including finance, market research, consulting, and healthcare. Research analysts are responsible for conducting extensive research, collecting relevant data from multiple sources, and using statistical techniques to analyze and interpret the information. They create reports and presentations summarizing their findings and present them to key stakeholders. Additionally, research analysts may also be involved in forecasting trends, monitoring industry developments, and identifying potential opportunities or risks. Strong analytical skills, attention to detail, and the ability to effectively communicate complex information are crucial for success in this role.

Skills: Research Analyst, Data Analysis, Market Research, Statistical Analysis, Decision-making, Industry Trends
Job industry: Finance

How much does Research Analyst make?

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


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Salary comparison to National average

Is Research Analyst a well paid job?

Yes, our data shows that Research Analyst 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 Research Analyst?

High salary for Research Analyst would be somewhere between 12,366,406 ISK and 16,301,171 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Research Analyst 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: 11,242,187 ISK
Estimated Monthly Salary: 936,849 ISK
Estimated Weekly Salary: 216,196 ISK per week
Estimated Hourly Salary: 5,405 ISK per hour
By working as Research Analyst a person can save up to 3,827 USD per month or 45,921 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 Research Analyst

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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