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Senior Hardware Design Engineer salary in Iceland

Average Yearly Salary of Senior Hardware Design Engineer in Iceland is approximately 24,625,708 ISK (171,346 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 Hardware Design Engineer do?

occupation personasA senior hardware design engineer is responsible for the development and implementation of complex electronic systems and components. They work closely with cross-functional teams to design, test, and validate hardware solutions that meet product requirements. Their role involves analyzing system specifications, creating circuit designs, selecting components, and overseeing the manufacturing process. Senior hardware design engineers also conduct performance evaluations, troubleshoot issues, and propose design improvements.

Skills: Senior Hardware Design Engineer, Electronic Systems, Circuit Design, Component Selection, Manufacturing Process, Performance Evaluation
Job industry: Technology


How much does Senior Hardware Design Engineer make?

Salary details
How much does Senior Hardware Design Engineer make?
Estimated Yearly Salary: 24,625,708 ISK
Estimated Monthly Salary: 2,052,142 ISK
Estimated Weekly Salary: 473,571 ISK per week
Estimated Hourly Salary: 11,839 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 23,712,546 ISK
Estimated Monthly Salary: 1,976,046 ISK
Estimated Weekly Salary: 456,011 ISK per week
Estimated Hourly Salary: 11,400 ISK per hour
Last revision of data: 2024-01-02



Senior Hardware Design Engineer estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 171,346 USD
Estimated Monthly Salary: 14,279 USD
Estimated Weekly Salary: 3,295 USD per week
Estimated Hourly Salary: 82 USD per hour


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

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.

Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Senior Hardware Design Engineer job salary compared to average salary in Iceland.
Comparison shows that a person working as Senior Hardware Design Engineer in Iceland earns on average:
2.75 times the average salary (or 275% of average salary).

Is Senior Hardware Design Engineer a well paid job?

Yes, our data show that Senior Hardware Design Engineer is a very 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 Hardware Design Engineer?

High salary for Senior Hardware Design Engineer would be somewhere between 27,088,279 ISK and 35,707,277 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Hardware Design 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: 24,625,708 ISK
Estimated Monthly Salary: 2,052,142 ISK
Estimated Weekly Salary: 473,571 ISK per week
Estimated Hourly Salary: 11,839 ISK per hour
By working as Senior Hardware Design Engineer a person can save up to 11,550 USD per month or 138,600 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 Hardware Design Engineer

Norway is 239,652 USDup arrow 40%
Details on Senior Hardware Design Engineer salary in Norway
United Kingdom is 112,704 USDdown arrow 34%
Details on Senior Hardware Design Engineer salary in United Kingdom
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(101,519,791 ISK per year, pre-tax.)
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)

Data as of 2025

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The salary data on this site is designed for reference purposes only. We offer salary insights based on multiple datasets, but do not guarantee absolute accuracy. Users should always verify salary details with other reliable sources before making career-related choices. Fluctuations in salary figures may occur due to various factors, including location, experience, and industry. We do not offer any warranty regarding the completeness of the displayed salary data. Use of optisalary.com implies acknowledgment of these conditions.
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