Retail Store Manager salary in Iceland

Average Yearly Salary of Retail Store Manager in Iceland is approximately 9,776,905 ISK (68,622 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 Store Manager do?

A retail store manager is responsible for overseeing the daily operations of a retail establishment. They are in charge of managing staff, ensuring customer satisfaction, and achieving sales targets. Their duties include hiring and training employees, scheduling shifts, and supervising their performance. Retail store managers also handle inventory management, including ordering and receiving merchandise, as well as ensuring proper stock levels. They are responsible for creating and implementing marketing strategies to promote the store and increase sales. Additionally, they handle customer complaints and resolve any issues that may arise. A successful retail store manager possesses strong leadership and communication skills, as well as excellent problem-solving abilities.

Skills: Retail management, Store operations, Customer service, Sales target achievement, Inventory management, Marketing strategy implementation
Job industry: Retail

How much does Retail Store Manager make?

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


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Salary comparison to National average

Is Retail Store Manager a well paid job?

Yes, our data show that Retail Store Manager 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 Retail Store Manager?

High salary for Retail Store Manager would be somewhere between 10,754,596 ISK and 14,176,512 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Retail Store 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: 9,776,905 ISK
Estimated Monthly Salary: 814,742 ISK
Estimated Weekly Salary: 188,017 ISK per week
Estimated Hourly Salary: 4,700 ISK per hour
By working as Retail Store Manager a person can save up to 2,990 USD per month or 35,876 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 Store 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

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