Research And Development Engineer salary in Iceland

Average Yearly Salary of Research And Development Engineer in Iceland is approximately 15,073,384 ISK (105,182 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 And Development Engineer do?

A research and development engineer is responsible for designing, developing, and improving new products, technologies, or processes within an organization. They work on various projects, conducting extensive research, analyzing data, and collaborating with cross-functional teams to bring innovative ideas to life. Research and development engineers are involved in all stages of the product development cycle, from concept creation and prototyping to testing and final implementation. They utilize their technical expertise and problem-solving skills to identify areas for improvement and develop solutions that align with market demands and company objectives. These professionals stay updated on industry trends, emerging technologies, and scientific advancements to ensure their work remains at the forefront of innovation. Ultimately, research and development engineers play a crucial role in driving the growth and competitiveness of an organization.

Skills: research, development, engineering, innovation, problem-solving, product development
Job industry: Engineering

How much does Research And Development Engineer make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Research And Development Engineer a well paid job?

Yes, our data shows that Research And Development 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 Research And Development Engineer?

High salary for Research And Development Engineer would be somewhere between 16,580,722 ISK and 21,856,407 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Research And Development 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: 15,073,384 ISK
Estimated Monthly Salary: 1,256,115 ISK
Estimated Weekly Salary: 289,873 ISK per week
Estimated Hourly Salary: 7,247 ISK per hour
By working as Research And Development Engineer a person can save up to 6,036 USD per month or 72,436 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 And Development 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

Random salary:
Construction administrator (9,039,253 ISK per year, pre-tax.)
Finance specialist (10,101,806 ISK per year, pre-tax.)
Senior director of strategy (30,118,952 ISK per year, pre-tax.)
It compliance analyst (14,780,480 ISK per year, pre-tax.)
Activity director's assistant (4,678,674 ISK per year, pre-tax.)

Feedback about these results