Retail Sales Manager salary in Iceland

Average Yearly Salary of Retail Sales Manager in Iceland is approximately 6,391,056 ISK (44,718 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 Retail Sales Manager do?

A retail sales manager is responsible for overseeing the operations of a retail store, ensuring its smooth functioning and profitability. They are responsible for managing a team of sales associates, setting sales targets, and implementing strategies to achieve them. The retail sales manager also plays a crucial role in training and motivating the sales team, providing guidance on customer service, product knowledge, and sales techniques. They monitor inventory levels, analyze sales data, and make informed decisions to optimize the store's performance. Additionally, they collaborate with suppliers, negotiate contracts, and manage relationships with vendors. A retail sales manager must possess strong leadership skills, excellent communication abilities, and a deep understanding of customer behavior and market trends.

Skills: Retail management, Sales strategy, Team management, Customer service, Inventory control, Vendor management
Job industry: Retail

How much does Retail Sales Manager make?

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


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

Salary comparison to National average

Is Retail Sales Manager a well paid job?

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

What is considered a high salary for Retail Sales Manager?

High salary for Retail Sales Manager would be somewhere between 7,030,162 ISK and 9,267,031 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail Sales Manager 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: 6,391,056 ISK
Estimated Monthly Salary: 532,588 ISK
Estimated Weekly Salary: 122,905 ISK per week
Estimated Hourly Salary: 3,073 ISK per hour
By working as Retail Sales Manager a person can save up to 998 USD per month or 11,972 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 Retail Sales Manager

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:
Barrister (28,623,164 ISK per year, pre-tax.)
Category manager (13,693,219 ISK per year, pre-tax.)
School secretary (5,848,414 ISK per year, pre-tax.)
Chemical research technician (7,196,282 ISK per year, pre-tax.)
Direct care provider (3,163,211 ISK per year, pre-tax.)

Feedback about these results