Research Fellow salary in Iceland

Average Yearly Salary of Research Fellow in Iceland is approximately 10,677,740 ISK (74,458 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 Fellow do?

A research fellow is an individual who engages in advanced research and scholarship in a specific field. They typically work in academic or scientific institutions, conducting independent research projects or collaborating with other researchers. Research fellows are responsible for designing and implementing research experiments, collecting and analyzing data, and publishing their findings in academic journals or presenting them at conferences. They may also be involved in securing funding for their research projects through grant applications. Research fellows often work closely with professors or senior researchers, contributing to ongoing research programs and providing support to graduate students. This occupation requires a high level of expertise and knowledge in a specific field, as well as excellent analytical and problem-solving skills.

Skills: Research, Fellowship, Scholar, Academic, Scientific, Researcher
Job industry: Academia

How much does Research Fellow 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 Fellow a well paid job?

Yes, our data show that Research Fellow is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Research Fellow?

High salary for Research Fellow would be somewhere between 11,745,514 ISK and 15,482,723 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Research Fellow 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: 10,677,740 ISK
Estimated Monthly Salary: 889,812 ISK
Estimated Weekly Salary: 205,341 ISK per week
Estimated Hourly Salary: 5,134 ISK per hour
By working as Research Fellow a person can save up to 3,476 USD per month or 41,712 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 Fellow

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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