Senior Buyer salary in Iceland

Average Yearly Salary of Senior Buyer in Iceland is approximately 13,866,632 ISK (97,179 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 Senior Buyer do?

A senior buyer is responsible for managing the procurement process within an organization. They play a crucial role in sourcing and purchasing goods and services to meet the company's needs while ensuring cost-effectiveness, quality, and timely delivery. Senior buyers are involved in supplier selection, negotiation of contracts, and maintaining relationships with vendors. They analyze market trends, evaluate potential suppliers, and monitor inventory levels to optimize supply chain operations. Additionally, they collaborate with cross-functional teams, such as sales and production, to align procurement strategies with business objectives. Senior buyers also stay updated on industry regulations and best practices to make informed decisions and mitigate risks.

Skills: senior buyer, procurement, sourcing, contract negotiation, supply chain management, vendor management.
Job industry: Retail

How much does Senior Buyer make?

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


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Salary comparison to National average

Is Senior Buyer a well paid job?

Yes, our data shows that Senior Buyer 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 Senior Buyer?

High salary for Senior Buyer would be somewhere between 15,253,295 ISK and 20,106,616 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Buyer 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: 13,866,632 ISK
Estimated Monthly Salary: 1,155,553 ISK
Estimated Weekly Salary: 266,666 ISK per week
Estimated Hourly Salary: 6,667 ISK per hour
By working as Senior Buyer a person can save up to 5,369 USD per month or 64,433 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 Senior Buyer

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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